Van ECK Associates Corp Has $100,000 Position in Kornit Digital Ltd. (KRNT)
Van ECK Associates Corp continued to hold its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) during the first quarter, Holdings Channel reports. The firm owned 5,230 shares of the industrial products company’s stock at the end of the first quarter. Van ECK Associates Corp’s holdings in Kornit Digital were worth $100,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of KRNT. Gilder Gagnon Howe & Co. LLC raised its position in Kornit Digital by 174.8% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,668,032 shares of the industrial products company’s stock worth $31,859,000 after buying an additional 1,061,003 shares during the period. Blair William & Co. IL raised its position in Kornit Digital by 134.3% in the first quarter. Blair William & Co. IL now owns 979,099 shares of the industrial products company’s stock worth $17,683,000 after buying an additional 561,155 shares during the period. Pier Capital LLC purchased a new position in Kornit Digital during the first quarter worth approximately $4,844,000. Royce & Associates LP raised its position in Kornit Digital by 940.0% in the fourth quarter. Royce & Associates LP now owns 260,000 shares of the industrial products company’s stock worth $3,289,000 after buying an additional 235,000 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Kornit Digital during the first quarter worth approximately $3,557,000. 58.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kornit Digital Ltd. (KRNT) traded up 1.86% on Friday, reaching $19.15. 144,966 shares of the company traded hands. The firm’s market capitalization is $625.40 million. The stock has a 50-day moving average price of $19.28 and a 200 day moving average price of $17.03. Kornit Digital Ltd. has a 1-year low of $8.48 and a 1-year high of $23.15.
Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Tuesday, May 9th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. Kornit Digital had a negative net margin of 0.60% and a positive return on equity of 5.95%. The company had revenue of $27.10 million during the quarter, compared to the consensus estimate of $29.20 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The business’s revenue was up 24.1% on a year-over-year basis. Analysts anticipate that Kornit Digital Ltd. will post $0.43 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/van-eck-associates-corp-has-100000-position-in-kornit-digital-ltd-krnt/1372310.html.
A number of research analysts have recently commented on KRNT shares. William Blair restated an “outperform” rating on shares of Kornit Digital in a research report on Friday, March 24th. Zacks Investment Research upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Citigroup Inc. set a $22.00 price target on shares of Kornit Digital and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, Barclays PLC boosted their price target on shares of Kornit Digital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Kornit Digital presently has a consensus rating of “Buy” and an average price target of $20.50.
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.
Want to see what other hedge funds are holding KRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kornit Digital Ltd. (NASDAQ:KRNT).
Receive News & Ratings for Kornit Digital Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.