Kornit Digital Ltd (NASDAQ:KRNT) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.60.

KRNT has been the subject of several recent research reports. BidaskClub downgraded shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Barclays set a $24.00 price objective on shares of Kornit Digital and gave the company a “buy” rating in a research note on Saturday, October 13th. Needham & Company LLC boosted their price objective on shares of Kornit Digital from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, October 5th. TheStreet raised shares of Kornit Digital from a “c+” rating to a “b” rating in a research note on Wednesday, November 14th. Finally, ValuEngine raised shares of Kornit Digital from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 13th.

A number of large investors have recently modified their holdings of KRNT. Bank of New York Mellon Corp bought a new stake in Kornit Digital during the third quarter valued at approximately $6,868,000. Janus Henderson Group PLC lifted its position in Kornit Digital by 23.2% during the second quarter. Janus Henderson Group PLC now owns 1,343,466 shares of the industrial products company’s stock valued at $23,914,000 after purchasing an additional 252,876 shares during the last quarter. Bank of America Corp DE lifted its position in Kornit Digital by 60.1% during the second quarter. Bank of America Corp DE now owns 445,465 shares of the industrial products company’s stock valued at $7,929,000 after purchasing an additional 167,248 shares during the last quarter. Advisory Research Inc. lifted its position in Kornit Digital by 231.5% during the third quarter. Advisory Research Inc. now owns 215,044 shares of the industrial products company’s stock valued at $4,709,000 after purchasing an additional 150,183 shares during the last quarter. Finally, Chicago Capital LLC lifted its position in Kornit Digital by 14.6% during the third quarter. Chicago Capital LLC now owns 1,179,539 shares of the industrial products company’s stock valued at $25,832,000 after purchasing an additional 149,960 shares during the last quarter. 87.31% of the stock is owned by institutional investors.

Shares of KRNT traded up $0.25 during trading hours on Friday, hitting $19.85. The company’s stock had a trading volume of 3,789 shares, compared to its average volume of 244,241. The company has a market capitalization of $668.53 million, a price-to-earnings ratio of 95.50 and a beta of 1.00. Kornit Digital has a 52-week low of $11.70 and a 52-week high of $23.90.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Monday, November 12th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $37.60 million during the quarter, compared to the consensus estimate of $37.65 million. Kornit Digital had a net margin of 3.78% and a return on equity of 4.53%. The company’s revenue was up 32.4% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. On average, research analysts expect that Kornit Digital will post 0.27 earnings per share for the current year.

About Kornit Digital

Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.

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Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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