Cantor Fitzgerald Issues Pessimistic Forecast for Kornit Digital (NASDAQ:KRNT) Stock Price

Kornit Digital (NASDAQ:KRNT) had its target price lowered by equities research analysts at Cantor Fitzgerald from $28.50 to $26.00 in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 96.82% from the company’s previous close.

A number of other research firms also recently weighed in on KRNT. Needham & Company LLC cut their price target on shares of Kornit Digital from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley restated an “equal weight” rating and set a $15.00 price target (down from $20.00) on shares of Kornit Digital in a research note on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kornit Digital in a report on Wednesday, October 8th. Finally, Barclays set a $22.00 price target on shares of Kornit Digital and gave the company an “equal weight” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.75.

Kornit Digital Price Performance

NASDAQ:KRNT traded up $0.08 during trading hours on Thursday, reaching $13.21. 330,254 shares of the company traded hands, compared to its average volume of 339,954. The firm’s 50-day moving average is $14.12 and its 200-day moving average is $17.59. The stock has a market cap of $591.74 million, a P/E ratio of -52.84 and a beta of 1.94. Kornit Digital has a 1-year low of $11.93 and a 1-year high of $34.28.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $51.79 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The company’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 year.

Hedge Funds Weigh In On Kornit Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC grew its position in Kornit Digital by 39.1% in the second quarter. Hood River Capital Management LLC now owns 2,182,569 shares of the industrial products company’s stock valued at $43,455,000 after acquiring an additional 613,070 shares in the last quarter. Granahan Investment Management LLC lifted its holdings 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 worth $32,318,000 after buying an additional 98,284 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in Kornit Digital by 12.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,526,904 shares of the industrial products company’s stock valued at $30,401,000 after buying an additional 173,492 shares during the last quarter. Dudley & Shanley Inc. grew its stake in shares of Kornit Digital by 97.5% during the third quarter. Dudley & Shanley Inc. now owns 1,258,895 shares of the industrial products company’s stock valued at $16,995,000 after acquiring an additional 621,595 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Kornit Digital by 18.1% during the second quarter. Schroder Investment Management Group now owns 1,046,889 shares of the industrial products company’s stock worth $20,844,000 after acquiring an additional 160,374 shares during the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

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.