Kornit Digital Ltd (NASDAQ:KRNT) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.67.
A number of brokerages have commented on KRNT. Zacks Investment Research downgraded Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Citigroup upgraded Kornit Digital from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, January 23rd. TheStreet upgraded Kornit Digital from a “c” rating to a “b-” rating in a research note on Thursday, January 11th. Needham & Company LLC lowered their target price on Kornit Digital from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, Barclays set a $19.00 target price on Kornit Digital and gave the company a “buy” rating in a research note on Wednesday, January 10th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KRNT. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Kornit Digital during the 4th quarter worth about $103,000. Wells Fargo & Company MN lifted its position in shares of Kornit Digital by 973.6% during the 4th quarter. Wells Fargo & Company MN now owns 8,546 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 7,750 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Kornit Digital during the 4th quarter worth about $186,000. Winslow Evans & Crocker Inc. lifted its position in shares of Kornit Digital by 147.9% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 14,876 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 8,876 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Kornit Digital during the 4th quarter worth about $255,000. Institutional investors own 90.54% of the company’s stock.
Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Tuesday, February 13th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Kornit Digital had a negative net margin of 1.77% and a positive return on equity of 1.68%. The firm had revenue of $29.95 million during the quarter, compared to analysts’ expectations of $30.51 million. equities research analysts forecast that Kornit Digital will post 0.37 EPS for the current fiscal year.
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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