Kornit Digital Ltd. (NASDAQ:KRNT) Given Average Rating of "Hold" by Analysts – MarketBeat

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Kornit Digital Ltd. (NASDAQ:KRNT – Get Rating) has been given an average rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $183.20.
Several equities research analysts have recently weighed in on the company. TheStreet downgraded Kornit Digital from a “b-” rating to a “c+” rating in a research report on Monday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $202.00 target price on shares of Kornit Digital in a research report on Thursday, December 23rd. Craig Hallum upgraded Kornit Digital to a “buy” rating and boosted their price target for the stock from $140.00 to $180.00 in a research note on Thursday, November 11th. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, January 26th. Finally, Stifel Nicolaus boosted their price target on Kornit Digital from $150.00 to $187.00 and gave the stock a “buy” rating in a research note on Thursday, November 11th.
A number of hedge funds and other institutional investors have recently made changes to their positions in KRNT. Bartlett & Co. LLC acquired a new stake in Kornit Digital during the third quarter valued at approximately $29,000. Schroder Investment Management Group acquired a new stake in Kornit Digital during the fourth quarter valued at approximately $30,000. HM Payson & Co. acquired a new stake in Kornit Digital during the fourth quarter valued at approximately $39,000. Spire Wealth Management raised its stake in Kornit Digital by 891.2% during the fourth quarter. Spire Wealth Management now owns 565 shares of the industrial products company’s stock valued at $86,000 after buying an additional 508 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Kornit Digital by 182.2% during the fourth quarter. First Horizon Advisors Inc. now owns 604 shares of the industrial products company’s stock valued at $91,000 after buying an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock. (adsbygoogle = window.adsbygoogle || []).push({});
NASDAQ KRNT opened at $81.15 on Friday. Kornit Digital has a twelve month low of $77.16 and a twelve month high of $181.38. The stock has a fifty day simple moving average of $108.05 and a 200-day simple moving average of $134.58. The stock has a market cap of $3.78 billion, a PE ratio of 245.92 and a beta of 1.90.
Kornit Digital (NASDAQ:KRNT – Get Rating) last issued its earnings results on Monday, February 14th. The industrial products company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.11). Kornit Digital had a return on equity of 3.51% and a net margin of 4.82%. The company had revenue of $95.40 million during the quarter, compared to analysts’ expectations of $89.99 million. During the same period in the previous year, the company earned $0.19 EPS. Kornit Digital’s quarterly revenue was up 28.7% on a year-over-year basis. Analysts expect that Kornit Digital will post 0.77 EPS for the current fiscal year.
Kornit Digital Company Profile (Get Rating)
Kornit Digital Ltd. engages in the development, manufacture, and marketing of industrial and commercial printing solutions for the garment, apparel and textile industries. It offers printing solutions for apparel, polyester, sportswear, beachwear, accessories, paradigm shirt, textiles, curtains, cushions and couches.
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Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)
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