Kornit Digital Ltd. (NASDAQ:KRNT) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.00.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. set a $22.00 target price on shares of Kornit Digital and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Barclays PLC boosted their target price on shares of Kornit Digital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Finally, William Blair reissued an “outperform” rating on shares of Kornit Digital in a research report on Friday, March 24th.

Several hedge funds have recently modified their holdings of KRNT. Sei Investments Co. raised its stake in shares of Kornit Digital by 104.3% in the first quarter. Sei Investments Co. now owns 9,111 shares of the industrial products company’s stock worth $174,000 after buying an additional 4,652 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Kornit Digital during the fourth quarter worth about $218,000. Credit Suisse AG bought a new stake in shares of Kornit Digital during the first quarter worth about $319,000. Bank of New York Mellon Corp acquired a new stake in Kornit Digital during the first quarter valued at $475,000. Finally, Bank of America Corp DE raised its stake in Kornit Digital by 364.8% in the first quarter. Bank of America Corp DE now owns 32,127 shares of the industrial products company’s stock valued at $614,000 after buying an additional 25,215 shares during the last quarter. Institutional investors and hedge funds own 58.69% of the company’s stock.

Kornit Digital (NASDAQ KRNT) traded up 1.52% during midday trading on Monday, reaching $20.05. 134,494 shares of the company’s stock were exchanged. Kornit Digital has a 52 week low of $8.90 and a 52 week high of $23.15. The stock’s 50 day moving average is $18.95 and its 200 day moving average is $17.49. The firm’s market capitalization is $654.79 million.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Tuesday, May 9th. The industrial products company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $27.10 million for the quarter, compared to analyst estimates of $29.20 million. Kornit Digital had a negative net margin of 0.60% and a positive return on equity of 5.95%. The company’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. On average, analysts expect that Kornit Digital will post $0.43 EPS for the current fiscal year.

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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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