Kornit Digital (NASDAQ:KRNT) Given “Equal Weight” Rating at Morgan Stanley

Kornit Digital (NASDAQ:KRNT)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a report released on Thursday,Benzinga reports. They currently have a $15.00 price objective on the industrial products company’s stock, down from their prior price objective of $20.00. Morgan Stanley’s price target would indicate a potential upside of 20.00% from the stock’s previous close.

Several other research analysts have also recently commented on KRNT. Needham & Company LLC reduced their target price on shares of Kornit Digital from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Barclays set a $22.00 price target on shares of Kornit Digital and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kornit Digital in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.80.

Kornit Digital Trading Down 6.2%

Shares of KRNT opened at $12.50 on Thursday. Kornit Digital has a 12 month low of $11.93 and a 12 month high of $34.28. The firm has a fifty day simple moving average of $14.19 and a 200 day simple moving average of $17.66. The stock has a market capitalization of $559.94 million, a price-to-earnings ratio of -50.00 and a beta of 1.94.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Kornit Digital had a negative net margin of 5.43% and a negative return on equity of 0.74%. The business had revenue of $53.13 million during the quarter, compared to analysts’ expectations of $51.79 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Kornit Digital has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Kornit Digital will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kornit Digital

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Kornit Digital in the second quarter valued at about $31,000. State of Tennessee Department of Treasury bought a new position in shares of Kornit Digital in the second quarter valued at about $35,000. Fortitude Family Office LLC bought a new position in shares of Kornit Digital in the second quarter valued at about $99,000. Headlands Technologies LLC bought a new position in shares of Kornit Digital in the first quarter valued at about $101,000. Finally, Captrust Financial Advisors bought a new position in shares of Kornit Digital in the second quarter valued at about $214,000. 92.76% of the stock is owned by institutional investors.

About Kornit Digital

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.