Kornit Digital Stock Forecast, Price & News

Kornit Digital's stock was trading at $34.48 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, KRNT stock has increased by 182.8% and is now trading at $97.50.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Kornit Digital stock.
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1,448 employees have rated Kornit Digital CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Kornit Digital's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Kornit Digital is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for Kornit Digital.

Kornit Digital Ltd. (NASDAQ:KRNT) released its quarterly earnings data on Tuesday, November, 10th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The industrial products company earned $59.55 million during the quarter, compared to the consensus estimate of $55.29 million. Kornit Digital had a negative net margin of 3.49% and a negative return on equity of 1.05%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS.
View Kornit Digital's earnings history.

6 brokerages have issued 1 year price targets for Kornit Digital's stock. Their forecasts range from $68.00 to $100.00. On average, they expect Kornit Digital's stock price to reach $82.75 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
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Kornit Digital saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 455,900 shares, a decline of 16.9% from the December 15th total of 548,400 shares. Based on an average trading volume of 216,300 shares, the days-to-cover ratio is presently 2.1 days.
View Kornit Digital's Short Interest.

Some companies that are related to Kornit Digital include BAE Systems plc (BA.L) (BA), IDEX (IEX), Packaging Co. of America (PKG), Avery Dennison (AVY), Halma (HLMAF), AB SKF (publ) (SKFRY), Fortune Brands Home & Security (FBHS), Graco (GGG), Crown (CCK), Disco (DSCSY), NortonLifeLock (NLOK), Kion Group (KIGRY), Brambles (BXBLY), Nordson (NDSN) and Toray Industries (TRYIY).
View all of KRNT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kornit Digital investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), QUALCOMM (QCOM), Carnival Co. & (CCL), Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM), CVS Health (CVS), The Walt Disney (DIS), JD.com (JD) and Marvell Technology Group (MRVL).

(KRNT) raised $99 million in an initial public offering on Thursday, April 2nd 2015. The company issued 7,100,000 shares at $13.00-$15.00 per share. Barclays and Citigroup served as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers.

Kornit Digital trades on the NASDAQ under the ticker symbol "KRNT."

Kornit Digital's stock is owned by many different retail and institutional investors. Top institutional shareholders include Summit Creek Advisors LLC (0.25%), Thompson Investment Management Inc. (0.01%) and Pacer Advisors Inc. (0.00%).

KRNT stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, and Thompson Investment Management Inc..

KRNT stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc..

Shares of KRNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of KRNT stock can currently be purchased for approximately $97.50.

Kornit Digital has a market capitalization of $3.99 billion and generates $179.87 million in revenue each year. The industrial products company earns $10.17 million in net income (profit) each year or $0.36 on an earnings per share basis. Kornit Digital employs 547 workers across the globe.

The official website for Kornit Digital is www.kornit.com.

Kornit Digital's mailing address is 12 HAAMAL STREET, ROSH-HAAYIN L3, 4809246. The industrial products company can be reached via phone at 972-3908-5800 or via email at [email protected]