Kornit Digital (KRNT) PT Lowered to $18.00 at Needham & Company LLC

Kornit Digital (NASDAQ:KRNT) had its target price reduced by equities research analysts at Needham & Company LLC from $19.00 to $18.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price points to a potential upside of 30.43% from the stock’s previous close.

KRNT has been the topic of a number of other research reports. Barclays set a $19.00 price objective on Kornit Digital and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Kornit Digital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. TheStreet upgraded Kornit Digital from a “c” rating to a “b-” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Citigroup raised Kornit Digital from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $19.67.

Kornit Digital (KRNT) opened at $13.80 on Wednesday. Kornit Digital has a 1 year low of $12.85 and a 1 year high of $23.15. The company has a market capitalization of $470.60, a P/E ratio of -1,380.00, a P/E/G ratio of 0.99 and a beta of 0.02.

Hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Kornit Digital during the fourth quarter worth $103,000. Wells Fargo & Company MN increased its stake in Kornit Digital by 973.6% during the fourth quarter. Wells Fargo & Company MN now owns 8,546 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 7,750 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Kornit Digital during the fourth quarter worth $186,000. BlueCrest Capital Management Ltd acquired a new stake in Kornit Digital during the second quarter worth $198,000. Finally, Winslow Evans & Crocker Inc. increased its stake in Kornit Digital by 147.9% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 14,876 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 8,876 shares during the last quarter. 82.02% of the stock is owned by institutional investors.

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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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