Kornit Digital Ltd. (NASDAQ:KRNT) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Five analysts give Kornit Digital an average rating of Hold (1 sell, 1 hold, 3 buy) with an average 12‑month price target of $20.25; individual targets include $20 (Needham) and $17 (Morgan Stanley) while Weiss Ratings remains a sell.
• Institutional investors own 92.76% of the company, with Assenagon Asset Management increasing its stake by 185% to 1,292,586 shares (≈$18.95M), indicating heavy institutional accumulation.
• Kornit beat Q results with $0.18 EPS vs. $0.14 expected and $58.86M revenue (down 3% YoY), but remains unprofitable (negative net margin and P/E) and the stock trades around $15.23 within a 52‑week range of $11.93–$23.48.

Kornit Digital Ltd. (NASDAQ:KRNT - Get Free Report) has earned an average rating of "Hold" from the five research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $20.25.

A number of brokerages have issued reports on KRNT. Wall Street Zen upgraded Kornit Digital from a "sell" rating to a "hold" rating in a research note on Sunday, April 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kornit Digital in a research note on Wednesday, March 25th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Kornit Digital in a research note on Wednesday, February 11th. Finally, Morgan Stanley reiterated a "positive" rating and set a $17.00 price objective on shares of Kornit Digital in a research note on Wednesday, February 11th.

Institutional Trading of Kornit Digital

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its holdings in shares of Kornit Digital by 185.2% in the first quarter. Assenagon Asset Management S.A. now owns 1,292,586 shares of the industrial products company's stock worth $18,949,000 after acquiring an additional 839,336 shares during the period. Silverberg Bernstein Capital Management LLC grew its holdings in shares of Kornit Digital by 8.6% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 359,723 shares of the industrial products company's stock worth $5,274,000 after acquiring an additional 28,467 shares during the period. XTX Topco Ltd grew its holdings in shares of Kornit Digital by 202.6% in the fourth quarter. XTX Topco Ltd now owns 50,411 shares of the industrial products company's stock worth $725,000 after acquiring an additional 33,750 shares during the period. Ulysses Management LLC bought a new stake in shares of Kornit Digital in the fourth quarter worth $575,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Kornit Digital in the fourth quarter worth $144,000. Institutional investors own 92.76% of the company's stock.

Kornit Digital Stock Performance

NASDAQ KRNT opened at $15.23 on Thursday. Kornit Digital has a fifty-two week low of $11.93 and a fifty-two week high of $23.48. The stock has a 50 day simple moving average of $15.20 and a two-hundred day simple moving average of $14.41. The stock has a market cap of $682.23 million, a P/E ratio of -49.13 and a beta of 1.79.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its earnings results on Wednesday, February 11th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The firm had revenue of $58.86 million during the quarter, compared to analyst estimates of $58.16 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business's revenue was down 3.0% compared to the same quarter last year. Sell-side analysts predict that Kornit Digital will post -0.24 earnings per share for the current year.

Kornit Digital Company Profile

Kornit Digital Ltd. NASDAQ: KRNT is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha'Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company's flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.

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