Acuitas Investments LLC acquired a new stake in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,400 shares of the industrial products company's stock, valued at approximately $695,000. Acuitas Investments LLC owned 0.08% of Kornit Digital as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P boosted its position in Kornit Digital by 259.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,237,453 shares of the industrial products company's stock valued at $38,300,000 after buying an additional 893,463 shares during the period. AQR Capital Management LLC purchased a new position in Kornit Digital in the fourth quarter valued at $14,769,000. Hood River Capital Management LLC grew its stake in Kornit Digital by 47.2% during the 4th quarter. Hood River Capital Management LLC now owns 1,099,725 shares of the industrial products company's stock worth $34,036,000 after purchasing an additional 352,648 shares in the last quarter. Icon Advisers Inc. Co. purchased a new stake in Kornit Digital during the 4th quarter worth about $6,190,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Kornit Digital during the 4th quarter worth about $5,712,000. Institutional investors and hedge funds own 92.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on KRNT shares. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price objective on shares of Kornit Digital in a research note on Thursday, June 5th. Morgan Stanley reiterated an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.
Get Our Latest Report on KRNT
Kornit Digital Stock Performance
Shares of NASDAQ:KRNT traded up $0.26 on Thursday, hitting $19.98. 19,865 shares of the company's stock were exchanged, compared to its average volume of 305,105. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29. The company has a market capitalization of $950.05 million, a PE ratio of -110.99 and a beta of 1.88. The firm's 50-day moving average is $20.56 and its 200 day moving average is $23.72.
About Kornit Digital
(
Free Report)
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
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