FY2025 EPS Estimates for Kornit Digital Increased by Analyst

Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) - Research analysts at Cantor Fitzgerald boosted their FY2025 earnings estimates for shares of Kornit Digital in a report released on Thursday, May 15th. Cantor Fitzgerald analyst T. Jensen now anticipates that the industrial products company will post earnings of ($0.24) per share for the year, up from their prior estimate of ($0.30). Cantor Fitzgerald has a "Strong-Buy" rating on the stock. The consensus estimate for Kornit Digital's current full-year earnings is ($0.20) per share.

Separately, Needham & Company LLC raised their price objective on Kornit Digital from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday. Two equities research 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 stock. According to MarketBeat.com, Kornit Digital presently has a consensus rating of "Moderate Buy" and an average target price of $33.20.

Kornit Digital Trading Up 0.7%

Shares of Kornit Digital stock opened at $22.55 on Monday. Kornit Digital has a 12 month low of $13.59 and a 12 month high of $34.29. The firm has a market capitalization of $1.07 billion, a P/E ratio of -64.43 and a beta of 2.00. The business has a fifty day simple moving average of $19.39 and a two-hundred day simple moving average of $25.84.

Institutional Trading of Kornit Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Capital LLC boosted its holdings in Kornit Digital by 0.3% in the 1st quarter. Chicago Capital LLC now owns 3,105,206 shares of the industrial products company's stock worth $59,247,000 after buying an additional 10,656 shares during the period. Riverbridge Partners LLC lifted its position in shares of Kornit Digital by 21.1% in the fourth quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company's stock valued at $59,643,000 after acquiring an additional 335,713 shares in the last quarter. Granahan Investment Management LLC boosted its stake in shares of Kornit Digital by 6.2% in the first quarter. Granahan Investment Management LLC now owns 1,693,833 shares of the industrial products company's stock worth $32,318,000 after acquiring an additional 98,284 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Kornit Digital by 0.8% in the first quarter. Stephens Investment Management Group LLC now owns 1,353,412 shares of the industrial products company's stock worth $25,823,000 after acquiring an additional 11,091 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in shares of Kornit Digital by 259.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,237,453 shares of the industrial products company's stock worth $38,300,000 after purchasing an additional 893,463 shares in the last quarter. 92.76% of the stock is owned by hedge funds and other institutional investors.

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.

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