Shares of Kornit Digital Ltd. (NASDAQ:KRNT – Get Rating) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.20.
A number of research firms have recently commented on KRNT. Barclays reduced their target price on shares of Kornit Digital from $48.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, November 10th. Craig Hallum decreased their price objective on shares of Kornit Digital from $32.00 to $25.00 in a research report on Thursday, November 10th. Needham & Company LLC lowered their target price on Kornit Digital from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 10th. Finally, Citigroup cut their price target on Kornit Digital from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 10th.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC acquired a new stake in Kornit Digital during the third quarter worth about $225,000. California State Teachers Retirement System increased its stake in shares of Kornit Digital by 13.6% in the third quarter. California State Teachers Retirement System now owns 55,881 shares of the industrial products company’s stock valued at $1,487,000 after buying an additional 6,682 shares in the last quarter. Balyasny Asset Management LLC bought a new stake in shares of Kornit Digital during the third quarter valued at approximately $945,000. Disciplined Growth Investors Inc. MN boosted its holdings in Kornit Digital by 73.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 273,262 shares of the industrial products company’s stock valued at $7,272,000 after acquiring an additional 115,753 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in Kornit Digital by 33.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 17,678 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors own 93.05% of the company’s stock.
Kornit Digital Stock Up 4.3 %
NASDAQ KRNT opened at $22.97 on Friday. Kornit Digital has a fifty-two week low of $19.44 and a fifty-two week high of $154.99. The business has a 50 day moving average price of $24.48 and a two-hundred day moving average price of $27.54. The stock has a market cap of $1.14 billion, a PE ratio of -27.02 and a beta of 1.63.
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. The company’s solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
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