Shares of Kornit Digital Ltd (NASDAQ:KRNT) have received an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.67.

A number of research firms have recently commented on KRNT. TheStreet raised Kornit Digital from a “c” rating to a “b-” rating in a research note on Thursday, January 11th. Citigroup raised Kornit Digital from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, January 23rd. Needham & Company LLC cut their target price on Kornit Digital from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Zacks Investment Research raised Kornit Digital from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Barclays set a $19.00 target price on Kornit Digital and gave the stock a “buy” rating in a research report on Wednesday, January 10th.

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Several institutional investors have recently made changes to their positions in the company. American Capital Management Inc. raised its position in shares of Kornit Digital by 80.1% during the fourth quarter. American Capital Management Inc. now owns 1,967,532 shares of the industrial products company’s stock worth $31,776,000 after purchasing an additional 874,944 shares during the period. Senvest Management LLC grew its holdings in shares of Kornit Digital by 16.8% during the fourth quarter. Senvest Management LLC now owns 1,530,177 shares of the industrial products company’s stock valued at $24,712,000 after buying an additional 220,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Kornit Digital by 43.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,359,265 shares of the industrial products company’s stock valued at $21,952,000 after buying an additional 410,409 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Kornit Digital by 5.0% during the fourth quarter. Schroder Investment Management Group now owns 856,945 shares of the industrial products company’s stock valued at $13,840,000 after buying an additional 40,919 shares in the last quarter. Finally, Meitav Dash Investments Ltd. purchased a new position in shares of Kornit Digital during the fourth quarter valued at $12,978,000. 90.54% of the stock is currently owned by institutional investors.

Shares of KRNT traded up $0.52 during midday trading on Wednesday, reaching $14.22. The stock had a trading volume of 95,157 shares, compared to its average volume of 309,138. Kornit Digital has a 52 week low of $11.70 and a 52 week high of $23.15. The company has a market capitalization of $469.60, a PE ratio of 171.25, a P/E/G ratio of 0.93 and a beta of 0.24.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Kornit Digital had a positive return on equity of 1.68% and a negative net margin of 1.77%. The firm had revenue of $29.95 million during the quarter, compared to the consensus estimate of $30.51 million. research analysts expect that Kornit Digital will post 0.37 earnings per share for the current fiscal year.

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About Kornit Digital

Kornit Digital Ltd. designs, develops, and markets digital printing solutions for printed textile industry. It offers direct-to-garment printers from smaller commercial operators to mass producers; NeoPigment ink and other consumables; Vulcan, a digital substitution for carousel screen printing; Allegro roll to roll printers; QuickP Designer software; and value added services, such as maintenance and support, and professional services.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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