Kornit Digital (NASDAQ:KRNT - Get Free Report)'s stock had its "buy" rating reissued by Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $30.00 target price on the industrial products company's stock. Needham & Company LLC's target price would indicate a potential upside of 34.35% from the company's previous close.
Several other research analysts have also weighed in on KRNT. Morgan Stanley reaffirmed an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.20.
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Kornit Digital Trading Down 2.7%
Shares of NASDAQ:KRNT traded down $0.63 during trading on Thursday, hitting $22.33. 307,221 shares of the company were exchanged, compared to its average volume of 300,563. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -63.80 and a beta of 2.00. Kornit Digital has a fifty-two week low of $13.59 and a fifty-two week high of $34.29. The firm has a fifty day moving average price of $19.73 and a two-hundred day moving average price of $25.23.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in shares of Kornit Digital by 654.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock worth $64,000 after acquiring an additional 1,800 shares during the period. Parkside Financial Bank & Trust boosted its stake in 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 purchasing an additional 988 shares during the period. Deutsche Bank AG boosted its stake in 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 purchasing an additional 1,143 shares during the period. BNP Paribas Financial Markets bought a new stake in Kornit Digital in the 4th quarter valued at $159,000. Finally, Headlands Technologies LLC bought a new stake in Kornit Digital in the 1st quarter valued at $101,000. 92.76% of the stock is currently owned by institutional investors.
Kornit Digital Company Profile
(
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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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