BidaskClub Downgrades Kornit Digital (KRNT) to Sell
Kornit Digital (NASDAQ:KRNT) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Several other analysts also recently weighed in on KRNT. Citigroup downgraded Kornit Digital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.50 to $14.00 in a research report on Wednesday, September 27th. Stifel Nicolaus decreased their price objective on Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Needham & Company LLC decreased their price objective on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Finally, Barclays decreased their price objective on Kornit Digital from $22.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, September 27th. Two equities research 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. The company has a consensus rating of “Hold” and an average price target of $18.67.
Kornit Digital (NASDAQ KRNT) traded down $0.15 during trading hours on Thursday, hitting $16.00. The stock had a trading volume of 137,564 shares, compared to its average volume of 339,954. Kornit Digital has a fifty-two week low of $12.05 and a fifty-two week high of $23.15. The company has a market capitalization of $553.26, a P/E ratio of 82.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.18.
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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.
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