Thompson Siegel & Walmsley LLC decreased its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 23.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,350 shares of the industrial products company’s stock after selling 6,400 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.06% of Kornit Digital worth $394,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado acquired a new position in Kornit Digital in the second quarter valued at about $101,000. Cowen Prime Services LLC boosted its position in Kornit Digital by 104.8% in the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,100 shares in the last quarter. Sei Investments Co. boosted its position in Kornit Digital by 104.3% in the first quarter. Sei Investments Co. now owns 9,111 shares of the industrial products company’s stock valued at $174,000 after buying an additional 4,652 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of Kornit Digital during the second quarter worth approximately $265,000. Finally, Winslow Evans & Crocker Inc. acquired a new position in shares of Kornit Digital during the second quarter worth approximately $273,000. Institutional investors own 73.33% of the company’s stock.
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A number of equities analysts have recently issued reports on KRNT shares. Craig Hallum initiated coverage on shares of Kornit Digital in a research report on Tuesday, July 11th. They set a “buy” rating and a $26.00 target price on the stock. BidaskClub lowered shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and issued a $24.00 price objective on shares of Kornit Digital in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.86.
Shares of Kornit Digital Ltd. (NASDAQ:KRNT) opened at 17.45 on Friday. Kornit Digital Ltd. has a 52 week low of $8.90 and a 52 week high of $19.30. The firm’s market cap is $588.68 million. The firm has a 50-day moving average of $17.77 and a 200-day moving average of $17.77.
Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. The company had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $29.81 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, analysts expect that Kornit Digital Ltd. will post $0.42 EPS for the current year.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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