Kornit Digital Ltd. (NASDAQ:KRNT - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.46 and traded as low as $13.64. Kornit Digital shares last traded at $14.15, with a volume of 367,049 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Needham & Company LLC cut their price target on Kornit Digital from $30.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kornit Digital in a report on Wednesday, October 8th. Finally, Barclays set a $22.00 price target on Kornit Digital and gave the stock an "equal weight" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.40.
View Our Latest Analysis on Kornit Digital
Kornit Digital Stock Down 0.8%
The stock has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $17.94. The firm has a market cap of $633.78 million, a PE ratio of -56.60 and a beta of 1.90.
Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $49.75 million for the quarter, compared to analysts' expectations of $52.07 million. Kornit Digital had a negative return on equity of 0.74% and a negative net margin of 5.43%.Kornit Digital's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Research analysts expect that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.
Institutional Trading of Kornit Digital
Several large investors have recently bought and sold shares of the company. Taylor Frigon Capital Management LLC boosted its position in Kornit Digital by 30.5% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 166,871 shares of the industrial products company's stock valued at $2,253,000 after acquiring an additional 39,012 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Kornit Digital by 64.2% during the third quarter. Fortitude Family Office LLC now owns 8,164 shares of the industrial products company's stock valued at $110,000 after purchasing an additional 3,191 shares during the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of Kornit Digital by 169.5% during the third quarter. Thompson Investment Management Inc. now owns 789,761 shares of the industrial products company's stock valued at $10,662,000 after purchasing an additional 496,754 shares during the last quarter. Dudley & Shanley Inc. lifted its holdings in shares of Kornit Digital by 97.5% during the third quarter. Dudley & Shanley Inc. now owns 1,258,895 shares of the industrial products company's stock valued at $16,995,000 after purchasing an additional 621,595 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its holdings in shares of Kornit Digital by 16.7% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 281,082 shares of the industrial products company's stock valued at $3,795,000 after purchasing an additional 40,325 shares during the last quarter. 92.76% of the stock is owned by institutional investors.
About Kornit Digital
(
Get Free Report)
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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