Kornit Digital Ltd. (NASDAQ:KRNT) had its target price decreased by Barclays PLC from $18.00 to $17.00 in a report released on Wednesday morning, MarketBeat.com reports. Barclays PLC currently has an overweight rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. Craig Hallum reduced their price objective on shares of Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Needham & Company LLC reduced their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Canaccord Genuity reaffirmed a buy rating and issued a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Stifel Nicolaus reduced their price objective on shares of Kornit Digital from $20.00 to $18.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Finally, BidaskClub cut shares of Kornit Digital from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Kornit Digital has an average rating of Hold and a consensus target price of $18.67.

Shares of Kornit Digital (NASDAQ:KRNT) traded down $0.10 during mid-day trading on Wednesday, reaching $15.70. 125,300 shares of the company’s stock were exchanged, compared to its average volume of 346,461. Kornit Digital has a 1 year low of $11.00 and a 1 year high of $23.15. The company has a market capitalization of $526.26 and a PE ratio of 79.00.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC raised its holdings in Kornit Digital by 14.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,910,209 shares of the industrial products company’s stock worth $36,963,000 after purchasing an additional 242,177 shares during the period. Stephens Investment Management Group LLC raised its holdings in Kornit Digital by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,435,057 shares of the industrial products company’s stock worth $21,956,000 after purchasing an additional 166,045 shares during the period. American Capital Management Inc. acquired a new stake in Kornit Digital in the third quarter worth $16,717,000. Schroder Investment Management Group raised its holdings in Kornit Digital by 0.5% in the second quarter. Schroder Investment Management Group now owns 1,065,848 shares of the industrial products company’s stock worth $20,837,000 after purchasing an additional 5,178 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Kornit Digital by 57.1% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 948,856 shares of the industrial products company’s stock worth $14,517,000 after purchasing an additional 344,736 shares during the period. Institutional investors own 77.62% of the company’s stock.

About Kornit Digital

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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