FY2025 EPS Forecast for Kornit Digital Boosted by Analyst

Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) - Equities researchers at Cantor Fitzgerald raised their FY2025 earnings estimates for Kornit Digital in a report issued on Thursday, May 15th. Cantor Fitzgerald analyst T. Jensen now forecasts that the industrial products company will earn ($0.24) per share for the year, up from their previous estimate of ($0.30). Cantor Fitzgerald currently has a "Strong-Buy" rating on the stock. The consensus estimate for Kornit Digital's current full-year earnings is ($0.20) per share.

A number of other analysts also recently weighed in on the company. Needham & Company LLC increased their price target on Kornit Digital from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Morgan Stanley reiterated an "overweight" rating on shares of Kornit Digital in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kornit Digital presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Kornit Digital Stock Down 2.7%

Kornit Digital stock traded down $0.60 during trading hours on Monday, reaching $21.94. 208,531 shares of the company's stock were exchanged, compared to its average volume of 299,620. The firm's 50 day simple moving average is $19.47 and its 200 day simple moving average is $25.75. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.29. The firm has a market capitalization of $1.04 billion, a PE ratio of -62.69 and a beta of 2.00.

Institutional Trading of Kornit Digital

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Kornit Digital by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock valued at $64,000 after buying an additional 393 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Kornit Digital by 654.5% in the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock valued at $64,000 after buying an additional 1,800 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Kornit Digital in the 1st quarter valued at about $101,000. Parkside Financial Bank & Trust grew its stake in shares of Kornit Digital by 35.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock valued at $117,000 after buying an additional 988 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Kornit Digital by 31.5% in the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock valued at $148,000 after buying an additional 1,143 shares during the period. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Company Profile

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.