Kornit Digital (KRNT) Downgraded to “Strong Sell” at BidaskClub
BidaskClub cut shares of Kornit Digital (NASDAQ:KRNT) from a sell rating to a strong sell rating in a research report report published on Tuesday.
Other equities analysts have also recently issued reports about the company. Craig Hallum dropped their target price on Kornit Digital from $20.00 to $26.00 in a report on Thursday, September 28th. Barclays set a $17.00 target price on Kornit Digital and gave the stock a buy rating in a report on Wednesday, November 15th. Needham & Company LLC dropped their price target on Kornit Digital from $22.00 to $19.00 and set a buy rating for the company in a report on Wednesday, September 27th. Canaccord Genuity reaffirmed a buy rating and set a $18.00 price target (down from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Finally, Stifel Nicolaus dropped their price target on Kornit Digital from $20.00 to $18.00 and set a buy rating for the company in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Kornit Digital presently has a consensus rating of Hold and a consensus target price of $19.00.
Shares of Kornit Digital (KRNT) traded up $0.62 on Tuesday, hitting $15.70. The stock had a trading volume of 545,851 shares, compared to its average volume of 299,392. Kornit Digital has a fifty-two week low of $12.85 and a fifty-two week high of $23.15. The firm has a market cap of $508.56, a PE ratio of -1,570.00, a PEG ratio of 1.07 and a beta of 0.17.
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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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