Brokerages Set Kornit Digital Ltd (KRNT) PT at $19.67

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.

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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.

NASDAQ KRNT traded up $0.52 on Wednesday, reaching $14.22. The stock had a trading volume of 95,157 shares, compared to its average volume of 309,138. Kornit Digital has a 1 year low of $11.70 and a 1 year high of $23.15. The company has a market capitalization of $469.60, a P/E ratio of 171.25, a price-to-earnings-growth ratio of 0.93 and a beta of 0.24.

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.

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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.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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