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.

Hedge funds have recently modified their holdings of the company. Public Employees Retirement Association of Colorado purchased a new stake in shares of Kornit Digital during the second quarter worth about $101,000. Cowen Prime Services LLC boosted its position in Kornit Digital by 104.8% in the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,100 shares during the last quarter. Van ECK Associates Corp boosted its position in Kornit Digital by 49.4% in the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after buying an additional 2,583 shares during the last quarter. Wells Fargo & Company MN boosted its position in Kornit Digital by 1,540.0% in the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after buying an additional 7,700 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Kornit Digital in the second quarter valued at approximately $198,000. Institutional investors and hedge funds own 78.84% of the company’s stock.

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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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