Kornit Digital Ltd (KRNT) Given Average Rating of “Buy” by Analysts
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.
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.
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.
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