Silverberg Bernstein Capital Management LLC Purchases 70,637 Shares of Kornit Digital Ltd. $KRNT

Silverberg Bernstein Capital Management LLC lifted its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 41.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,757 shares of the industrial products company’s stock after purchasing an additional 70,637 shares during the quarter. Kornit Digital accounts for 3.3% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Silverberg Bernstein Capital Management LLC’s holdings in Kornit Digital were worth $4,793,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Dudley & Shanley Inc. raised its position in shares of Kornit Digital by 98.4% during the second quarter. Dudley & Shanley Inc. now owns 637,300 shares of the industrial products company’s stock worth $12,689,000 after purchasing an additional 316,150 shares during the period. Jane Street Group LLC raised its position in shares of Kornit Digital by 277.4% during the first quarter. Jane Street Group LLC now owns 32,979 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 24,241 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kornit Digital by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,800 shares of the industrial products company’s stock valued at $2,248,000 after buying an additional 2,105 shares during the last quarter. Polar Asset Management Partners Inc. raised its position in Kornit Digital by 21.7% in the 1st quarter. Polar Asset Management Partners Inc. now owns 584,460 shares of the industrial products company’s stock valued at $11,151,000 after buying an additional 104,017 shares during the last quarter. Finally, Granahan Investment Management LLC raised its position in Kornit Digital by 6.2% in the 1st quarter. Granahan Investment Management LLC now owns 1,693,833 shares of the industrial products company’s stock valued at $32,318,000 after buying an additional 98,284 shares during the last quarter. 92.76% of the stock is owned by institutional investors and hedge funds.

Kornit Digital Price Performance

Shares of Kornit Digital stock opened at $14.33 on Tuesday. Kornit Digital Ltd. has a 1 year low of $12.78 and a 1 year high of $34.28. The firm has a market cap of $641.84 million, a PE ratio of -57.32 and a beta of 1.87. The stock has a fifty day moving average price of $17.33 and a 200-day moving average price of $19.20.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Kornit Digital had a negative return on equity of 0.74% and a negative net margin of 5.43%.The firm had revenue of $49.75 million during the quarter, compared to analyst estimates of $52.07 million. During the same period last year, the firm posted $0.02 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KRNT has been the subject of a number of analyst reports. Needham & Company LLC lowered their price target on Kornit Digital from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Barclays set a $22.00 price target on Kornit Digital and gave the company an “equal weight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Kornit Digital currently has an average rating of “Buy” and an average target price of $31.40.

Kornit Digital Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.