Shares of Kornit Digital Ltd. (NASDAQ:KRNT - Get Free Report) have been given a consensus recommendation of "Buy" by the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.20.
KRNT has been the topic of a number of research reports. Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Morgan Stanley reiterated an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $30.00 price objective on shares of Kornit Digital in a report on Thursday, June 5th.
Check Out Our Latest Report on Kornit Digital
Institutional Trading of Kornit Digital
Institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P raised 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 during the last quarter. AQR Capital Management LLC purchased a new position in shares of Kornit Digital in the fourth quarter valued at about $14,769,000. Hood River Capital Management LLC raised its stake in shares of Kornit Digital by 47.2% during the fourth 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 acquiring an additional 352,648 shares during the last quarter. Icon Advisers Inc. Co. purchased a new stake in shares of Kornit Digital during the fourth quarter worth about $6,190,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Kornit Digital in the fourth quarter worth about $5,712,000. Hedge funds and other institutional investors own 92.76% of the company's stock.
Kornit Digital Price Performance
KRNT stock traded down $1.48 during midday trading on Friday, reaching $19.10. The company had a trading volume of 413,792 shares, compared to its average volume of 305,452. The firm has a 50-day moving average price of $20.37 and a 200-day moving average price of $24.62. The company has a market capitalization of $908.21 million, a P/E ratio of -106.11 and a beta of 1.93. Kornit Digital has a 1 year low of $13.59 and a 1 year high of $34.29.
About Kornit Digital
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Get Free ReportKornit 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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