Shares of Kornit Digital Ltd. (NASDAQ:KRNT – Get Rating) reached a new 52-week low on Thursday . The company traded as low as $31.01 and last traded at $37.63, with a volume of 5162668 shares. The stock had previously closed at $56.41.
A number of research firms recently weighed in on KRNT. Zacks Investment Research raised Kornit Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. Needham & Company LLC reduced their price target on Kornit Digital from $202.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, April 21st. Finally, StockNews.com started coverage on Kornit Digital in a research note on Thursday, March 31st. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Kornit Digital presently has a consensus rating of “Buy” and an average price target of $173.80.
The business has a 50-day moving average price of $73.46 and a two-hundred day moving average price of $109.98. The stock has a market capitalization of $2.18 billion, a P/E ratio of 365.70 and a beta of 1.91.
Several hedge funds have recently made changes to their positions in KRNT. Meeder Asset Management Inc. bought a new stake in shares of Kornit Digital during the 1st quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kornit Digital during the 1st quarter worth $28,000. Schroder Investment Management Group bought a new stake in shares of Kornit Digital during the 4th quarter worth $30,000. HM Payson & Co. bought a new stake in shares of Kornit Digital during the 4th quarter worth $39,000. Finally, Signaturefd LLC lifted its position in shares of Kornit Digital by 135.6% during the 1st quarter. Signaturefd LLC now owns 549 shares of the industrial products company’s stock worth $45,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.
Kornit Digital Company Profile (NASDAQ:KRNT)
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
- Get a free copy of the StockNews.com research report on Kornit Digital (KRNT)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
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.