Kornit Digital Ltd. (NASDAQ:KRNT) has received an average recommendation of “Buy” from the six ratings firms that are covering the firm. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.25.
A number of equities research analysts recently weighed in on KRNT shares. Zacks Investment Research raised Kornit Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 5th. Stifel Nicolaus dropped their price target on Kornit Digital from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, TheStreet raised Kornit Digital from a “sell” rating to a “hold” rating in a report on Monday, August 8th.
Shares of Kornit Digital (NASDAQ:KRNT) opened at 11.55 on Monday. The stock’s 50 day moving average price is $10.57 and its 200-day moving average price is $10.07. Kornit Digital has a 12 month low of $8.10 and a 12 month high of $12.30. The firm has a market capitalization of $353.25 million, a price-to-earnings ratio of 177.69 and a beta of -0.23.
Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Wednesday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Kornit Digital had a return on equity of 5.14% and a net margin of 2.03%. The business earned $30.90 million during the quarter, compared to analysts’ expectations of $28.79 million. During the same period in the prior year, the firm posted $0.09 EPS. Kornit Digital’s quarterly revenue was up 40.5% compared to the same quarter last year. On average, equities research analysts predict that Kornit Digital will post $0.28 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL acquired a new stake in Kornit Digital during the second quarter worth $10,284,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kornit Digital during the second quarter worth $5,124,000. Summit Partners Public Asset Management LLC acquired a new stake in Kornit Digital during the third quarter worth $1,839,000. Schroder Investment Management Group boosted its stake in Kornit Digital by 12.8% in the second quarter. Schroder Investment Management Group now owns 1,017,767 shares of the company’s stock worth $9,933,000 after buying an additional 115,800 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in Kornit Digital during the second quarter worth $801,000. 27.68% of the stock is owned by hedge funds and other institutional investors.