StockNews.com upgraded shares of Kornit Digital (NASDAQ:KRNT – Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
Separately, Needham & Company LLC reissued a buy rating and set a $27.00 price objective on shares of Kornit Digital in a research report on Thursday, May 9th.
View Our Latest Stock Report on KRNT
Kornit Digital Price Performance
Kornit Digital (NASDAQ:KRNT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). The firm had revenue of $43.78 million during the quarter, compared to analysts’ expectations of $45.85 million. Kornit Digital had a negative net margin of 27.17% and a negative return on equity of 4.31%. On average, equities analysts anticipate that Kornit Digital will post -0.28 earnings per share for the current fiscal year.
Institutional Trading of Kornit Digital
Institutional investors and hedge funds have recently bought and sold shares of the business. Senvest Management LLC increased its position in shares of Kornit Digital by 0.6% in the 4th quarter. Senvest Management LLC now owns 4,396,160 shares of the industrial products company’s stock valued at $84,230,000 after purchasing an additional 25,000 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Kornit Digital by 6.7% during the 1st quarter. Wasatch Advisors LP now owns 1,810,302 shares of the industrial products company’s stock worth $32,803,000 after acquiring an additional 114,372 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Kornit Digital by 23.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,466,159 shares of the industrial products company’s stock valued at $28,092,000 after acquiring an additional 282,241 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Kornit Digital by 103.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,682 shares of the industrial products company’s stock worth $18,273,000 after acquiring an additional 485,000 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Kornit Digital by 4.0% during the first quarter. William Blair Investment Management LLC now owns 931,706 shares of the industrial products company’s stock worth $16,883,000 after purchasing an additional 35,930 shares in the last quarter. 92.76% of the stock is currently owned by hedge funds and other institutional investors.
About Kornit Digital
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. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
Featured Articles
- Five stocks we like better than Kornit Digital
- What Does Downgrade Mean in Investing?
- Top 3 Defense Stocks That Should Be on Your Radar
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- Roth IRA Calculator: Calculate Your Potential Returns
- MarketBeat Week in Review – 7/8 – 7/12
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.