Barclays set a $24.00 target price on Kornit Digital (NASDAQ:KRNT) in a research report report published on Saturday morning. The firm currently has a buy rating on the industrial products company’s stock.
KRNT has been the subject of a number of other reports. Stifel Nicolaus upped their target price on Kornit Digital from $21.00 to $25.00 and gave the company a buy rating in a research report on Monday, October 8th. ValuEngine upgraded Kornit Digital from a hold rating to a buy rating in a research report on Tuesday, September 4th. BidaskClub downgraded Kornit Digital from a hold rating to a sell rating in a research report on Thursday, August 2nd. Needham & Company LLC upped their target price on Kornit Digital from $18.00 to $21.00 and gave the company a buy rating in a research report on Tuesday, August 7th. Finally, Citigroup assumed coverage on Kornit Digital in a research report on Wednesday, July 18th. They set a neutral rating and a $20.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $22.60.
NASDAQ:KRNT opened at $19.30 on Friday. The firm has a market cap of $751.33 million, a PE ratio of 182.50 and a beta of 0.38. Kornit Digital has a fifty-two week low of $11.70 and a fifty-two week high of $22.20.
Kornit Digital (NASDAQ:KRNT) last released its earnings results on Monday, August 6th. The industrial products company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $35.90 million during the quarter, compared to the consensus estimate of $35.26 million. Kornit Digital had a return on equity of 2.69% and a net margin of 1.47%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. On average, sell-side analysts anticipate that Kornit Digital will post 0.23 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in KRNT. West Chester Capital Advisors Inc. bought a new stake in shares of Kornit Digital during the 2nd quarter worth $178,000. Wells Fargo & Company MN lifted its position in shares of Kornit Digital by 65.5% during the 1st quarter. Wells Fargo & Company MN now owns 14,146 shares of the industrial products company’s stock worth $182,000 after buying an additional 5,600 shares during the last quarter. California State Teachers Retirement System bought a new stake in shares of Kornit Digital during the 1st quarter worth $194,000. Engineers Gate Manager LP bought a new stake in shares of Kornit Digital during the 2nd quarter worth $201,000. Finally, Citadel Advisors LLC lifted its position in shares of Kornit Digital by 35.9% during the 1st quarter. Citadel Advisors LLC now owns 15,647 shares of the industrial products company’s stock worth $202,000 after buying an additional 4,137 shares during the last quarter. Institutional investors and hedge funds own 95.06% of the company’s stock.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.
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