Kornit Digital Ltd (NASDAQ:KRNT) Given Average Recommendation of “Buy” by Analysts

Share on StockTwits

Kornit Digital Ltd (NASDAQ:KRNT) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $31.67.

Several research analysts have commented on KRNT shares. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price objective (up from $34.00) on shares of Kornit Digital in a research report on Tuesday, November 19th. Stifel Nicolaus set a $35.00 price objective on Kornit Digital and gave the company a “buy” rating in a research report on Wednesday, August 7th. TheStreet raised Kornit Digital from a “c+” rating to a “b” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised Kornit Digital from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 24th. Finally, William Blair reissued an “outperform” rating on shares of Kornit Digital in a research report on Monday, November 18th.

NASDAQ:KRNT traded down $0.09 during mid-day trading on Monday, hitting $34.01. The company had a trading volume of 2,352 shares, compared to its average volume of 241,320. The business has a fifty day simple moving average of $33.38 and a 200-day simple moving average of $30.25. The company has a current ratio of 7.72, a quick ratio of 6.83 and a debt-to-equity ratio of 0.03. Kornit Digital has a 1 year low of $16.10 and a 1 year high of $35.73. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 141.71 and a beta of 1.09.

Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings data on Monday, November 18th. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). Kornit Digital had a net margin of 4.75% and a return on equity of 2.15%. The company had revenue of $49.70 million during the quarter, compared to analysts’ expectations of $48.68 million. During the same period last year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, research analysts anticipate that Kornit Digital will post 0.23 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Kornit Digital by 29.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,272 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 520 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Kornit Digital by 42.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,351 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 703 shares in the last quarter. ETF Managers Group LLC grew its stake in shares of Kornit Digital by 4.3% during the second quarter. ETF Managers Group LLC now owns 31,151 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 1,279 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Kornit Digital by 13.0% during the second quarter. UBS Asset Management Americas Inc. now owns 13,900 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Kornit Digital during the third quarter valued at about $50,000. Institutional investors own 99.29% of the company’s stock.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.

Featured Story: What does an equal weight rating mean?

Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.