Acuitas Investments LLC Makes New $695,000 Investment in Kornit Digital Ltd. (NASDAQ:KRNT)

Acuitas Investments LLC bought a new stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,400 shares of the industrial products company's stock, valued at approximately $695,000. Acuitas Investments LLC owned approximately 0.08% of Kornit Digital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Chicago Capital LLC boosted its stake in shares of Kornit Digital by 0.3% in the first quarter. Chicago Capital LLC now owns 3,105,206 shares of the industrial products company's stock worth $59,247,000 after acquiring an additional 10,656 shares during the period. Loomis Sayles & Co. L P grew its holdings in Kornit Digital by 259.7% during 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 in the last quarter. Hood River Capital Management LLC grew its holdings 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 valued at $34,036,000 after buying an additional 352,648 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Kornit Digital by 0.8% during the fourth quarter. Pathstone Holdings LLC now owns 859,668 shares of the industrial products company's stock valued at $26,607,000 after buying an additional 6,503 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Kornit Digital by 29.7% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 758,761 shares of the industrial products company's stock worth $23,484,000 after buying an additional 173,558 shares in the last quarter. Institutional investors own 92.76% of the company's stock.

Kornit Digital Price Performance

Shares of Kornit Digital stock traded up $0.26 during trading hours on Friday, reaching $19.98. The company's stock had a trading volume of 38,540 shares, compared to its average volume of 306,652. The firm has a 50 day moving average price of $20.62 and a 200-day moving average price of $23.49. The stock has a market cap of $950.09 million, a P/E ratio of -110.99 and a beta of 1.88. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.29.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KRNT shares. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Kornit Digital in a report on Thursday, June 5th. Morgan Stanley restated an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.20.

About Kornit Digital

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.