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.

A number of hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in Kornit Digital by 49.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 2,583 shares in the last quarter. Swiss National Bank increased its holdings in Kornit Digital by 8.7% during the 2nd quarter. Swiss National Bank now owns 41,300 shares of the industrial products company’s stock valued at $799,000 after purchasing an additional 3,300 shares in the last quarter. Schroder Investment Management Group increased its holdings in Kornit Digital by 0.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,065,848 shares of the industrial products company’s stock valued at $20,837,000 after purchasing an additional 5,178 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Kornit Digital by 1,540.0% during the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Kornit Digital by 14.9% during the 2nd quarter. Northern Trust Corp now owns 69,570 shares of the industrial products company’s stock valued at $1,347,000 after purchasing an additional 9,044 shares in the last quarter. 78.84% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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