Positive News SentimentPositive NewsNASDAQ:KRNT Kornit Digital (KRNT) Stock Forecast, Price & News $18.64 -0.50 (-2.61%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$18.56▼$19.2150-Day Range$18.64▼$31.6952-Week Range$16.19▼$31.94Volume273,316 shsAverage Volume221,496 shsMarket Capitalization$934.24 millionP/E RatioN/ADividend YieldN/APrice Target$28.60 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Kornit Digital MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside53.4% Upside$28.60 Price TargetShort InterestHealthy1.35% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.57Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.93 out of 5 starsIndustrial Products Sector136th out of 179 stocksPrinting Trades Machinery Industry1st out of 1 stocks 3.4 Analyst's Opinion Consensus RatingKornit Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.60, Kornit Digital has a forecasted upside of 53.4% from its current price of $18.64.Amount of Analyst CoverageKornit Digital has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.35% of the outstanding shares of Kornit Digital have been sold short.Short Interest Ratio / Days to CoverKornit Digital has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Kornit Digital has recently increased by 11.09%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldKornit Digital does not currently pay a dividend.Dividend GrowthKornit Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRNT. Previous Next 2.5 News and Social Media Coverage News SentimentKornit Digital has a news sentiment score of 1.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Kornit Digital this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Kornit Digital to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Kornit Digital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.21% of the stock of Kornit Digital is held by insiders.Percentage Held by Institutions93.23% of the stock of Kornit Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Kornit Digital is -10.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Kornit Digital is -10.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioKornit Digital has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Kornit Digital (NASDAQ:KRNT) StockKornit 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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, consulting, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh HaAyin, Israel.Read More KRNT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KRNT Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comKornit Digital Ltd. (NASDAQ:KRNT) Short Interest UpdateSeptember 7, 2023 | seekingalpha.comKornit Digital: Lacking Demand And MarginsSeptember 27, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. September 5, 2023 | finance.yahoo.comKornit Digital to Participate in Citi's 2023 Global Technology ConferenceAugust 30, 2023 | seekingalpha.comKornit Digital: Upgrading On Expected Return To Growth And Profitability Next YearAugust 13, 2023 | finance.yahoo.comBuy the Dip in These 2 Beaten-Down Stocks, Say AnalystsAugust 11, 2023 | finance.yahoo.comCompanies Like Kornit Digital (NASDAQ:KRNT) Can Afford To Invest In GrowthAugust 10, 2023 | msn.comNeedham Maintains Kornit Digital (KRNT) Buy RecommendationSeptember 27, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. August 10, 2023 | msn.comMorgan Stanley Upgrades Kornit Digital (KRNT)August 10, 2023 | cnbc.comMorgan Stanley says buy this under the radar Israeli fabric printing stockAugust 10, 2023 | msn.comKornit stock rises ~10% after Morgan Stanley upgrades on potential 'robust growth in 2024'August 10, 2023 | msn.com4 big analyst picks: Amazon raised to Buy, Roblox earns two upgrades after Q2 missAugust 10, 2023 | markets.businessinsider.comBarclays Issues a Hold Rating on Kornit Digital (KRNT)August 10, 2023 | markets.businessinsider.comPositive Report for Kornit Digital (KRNT) from Morgan StanleyAugust 9, 2023 | finance.yahoo.comKornit Digital Reports Second Quarter 2023 ResultsAugust 9, 2023 | finance.yahoo.comKornit Digital Further Demonstrates Commitment to More Sustainable Fashion and Textile Industry with Release of Third-Annual Impact ReportAugust 9, 2023 | finance.yahoo.comKornit Digital (KRNT) Reports Q2 Loss, Lags Revenue EstimatesAugust 9, 2023 | seekingalpha.comKornit Digital Ltd. 2023 Q2 - Results - Earnings Call PresentationJuly 8, 2023 | fool.comKornit Digital (NASDAQ: KRNT)June 28, 2023 | finance.yahoo.comKornit Digital and Amaze Software Offer On-Demand Production and Fulfillment to Social Media CreatorsJune 20, 2023 | finance.yahoo.comKornit Digital Locks in Leadership with Highly Successful ITMA 2023, Validates Market Readiness for Mainstreaming Digital On-Demand ProductionJune 13, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Toast Inc (TOST), Kornit Digital (KRNT) and Oracle (ORCL)June 9, 2023 | markets.businessinsider.comNeedham Remains a Buy on Kornit Digital (KRNT)June 9, 2023 | msn.comNeedham Reiterates Kornit Digital (KRNT) Buy RecommendationJune 8, 2023 | finance.yahoo.comThe 20% return this week takes Kornit Digital's (NASDAQ:KRNT) shareholders five-year gains to 53%June 8, 2023 | finance.yahoo.comFashion and Textile Industries Set to Witness Major Turning Point at ITMA 2023 as Digital Production Goes Mainstream with Kornit DigitalSee More Headlines Receive KRNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Kornit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address KRNT Company Calendar Last Earnings8/09/2023Today9/27/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Printing trades machinery Sub-IndustryN/A SectorIndustrial Products Current SymbolNASDAQ:KRNT CUSIPN/A CIK1625791 Webwww.kornit.com Phone(723) 908-5800Fax972-3908-0280Employees934Year Founded2002Price Target and Rating Average Stock Price Forecast$28.60 High Stock Price Forecast$31.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+53.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.76) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-79,070,000.00 Net Margins-37.45% Pretax Margin-27.11% Return on Equity-7.02% Return on Assets-6.33% Debt Debt-to-Equity RatioN/A Current Ratio9.07 Quick Ratio7.64 Sales & Book Value Annual Sales$271.52 million Price / Sales3.44 Cash FlowN/A Price / Cash FlowN/A Book Value$17.39 per share Price / Book1.07Miscellaneous Outstanding Shares50,120,000Free Float50,011,000Market Cap$934.24 million OptionableOptionable Beta1.76 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Ronen Samuel (Age 54)CEO & Director Comp: $570kMr. Kobi Mann (Age 44)Chief Technology Officer Comp: $310kMr. Amir Shaked-MandelExec. VP of Corp. Devel.Mr. Chris GovierPres of Kornit EMEAChuck MeyoPres of Kornit Digital North America IncMr. Ofer Ben-Zur (Age 58)Co-Founder & Director Mr. Ilan GivonExec. VP of OperationsMr. Jared James MaymonGlobal Head of Investor RelationsMr. Omer Kulka (Age 46)Chief Marketing Officer Ms. Ayelet Oryan GodardChief HR OfficerMore ExecutivesKey CompetitorsGrafTech InternationalNYSE:EAFPowell IndustriesNASDAQ:POWLColumbus McKinnonNASDAQ:CMCOCadreNYSE:CDREApogee EnterprisesNASDAQ:APOGView All CompetitorsInstitutional OwnershipYarbrough Capital LLCSold 4,096 shares on 8/25/2023Ownership: 0.052%Wolverine Trading LLCBought 88,500 shares on 8/23/2023Ownership: 0.000%Osaic Holdings Inc.Sold 11,144 shares on 8/21/2023Ownership: 0.132%California State Teachers Retirement SystemSold 1,114 shares on 8/21/2023Ownership: 0.109%Legato Capital Management LLCSold 6,286 shares on 8/18/2023Ownership: 0.025%View All Institutional Transactions KRNT Stock - Frequently Asked Questions Should I buy or sell Kornit Digital stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KRNT shares. View KRNT analyst ratings or view top-rated stocks. What is Kornit Digital's stock price forecast for 2023? 4 analysts have issued 12 month price objectives for Kornit Digital's shares. Their KRNT share price forecasts range from $25.00 to $31.00. On average, they predict the company's stock price to reach $28.60 in the next year. This suggests a possible upside of 53.4% from the stock's current price. View analysts price targets for KRNT or view top-rated stocks among Wall Street analysts. How have KRNT shares performed in 2023? Kornit Digital's stock was trading at $22.97 on January 1st, 2023. Since then, KRNT shares have decreased by 18.9% and is now trading at $18.64. View the best growth stocks for 2023 here. When is Kornit Digital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023. View our KRNT earnings forecast. How were Kornit Digital's earnings last quarter? Kornit Digital Ltd. (NASDAQ:KRNT) announced its earnings results on Wednesday, August, 9th. The industrial products company reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.05. The industrial products company had revenue of $56.20 million for the quarter, compared to analyst estimates of $56.88 million. Kornit Digital had a negative trailing twelve-month return on equity of 7.02% and a negative net margin of 37.45%. What ETFs hold Kornit Digital's stock? ETFs with the largest weight of Kornit Digital (NASDAQ:KRNT) stock in their portfolio include BlueStar Israel Technology ETF (ITEQ), iShares MSCI Israel ETF (EIS) and Harbor Small Cap Explorer ETF (QWST).VanEck Israel ETF (ISRA). What guidance has Kornit Digital issued on next quarter's earnings? Kornit Digital updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $58.00 million-$62.00 million, compared to the consensus revenue estimate of $65.15 million. What is Ronen Samuel's approval rating as Kornit Digital's CEO? 15 employees have rated Kornit Digital Chief Executive Officer Ronen Samuel on Glassdoor.com. Ronen Samuel has an approval rating of 95% among the company's employees. This puts Ronen Samuel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Kornit Digital own? 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), Walt Disney (DIS), JD.com (JD) and Marvell Technology (MRVL). When did Kornit Digital IPO? (KRNT) raised $99 million in an IPO on Thursday, April 2nd 2015. The company issued 7,100,000 shares at a price of $13.00-$15.00 per share. Barclays and Citigroup acted as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers. What is Kornit Digital's stock symbol? Kornit Digital trades on the NASDAQ under the ticker symbol "KRNT." Who are Kornit Digital's major shareholders? Kornit Digital's stock is owned by many different institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (8.89%), Senvest Management LLC (8.74%), Granahan Investment Management LLC (6.23%), Wasatch Advisors LP (4.45%), Riverbridge Partners LLC (3.82%) and Meitav Investment House Ltd. (3.25%). How do I buy shares of Kornit Digital? Shares of KRNT stock 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. Compare Top Brokerages Here. What is Kornit Digital's stock price today? One share of KRNT stock can currently be purchased for approximately $18.64. How much money does Kornit Digital make? Kornit Digital (NASDAQ:KRNT) has a market capitalization of $934.24 million and generates $271.52 million in revenue each year. The industrial products company earns $-79,070,000.00 in net income (profit) each year or ($1.76) on an earnings per share basis. How many employees does Kornit Digital have? The company employs 934 workers across the globe. Does Kornit Digital have any subsidiaries? The following companies are subsidiares of Kornit Digital: Custom Gateway, Custom Gateway Limited, Kornit (Shanghai) Digital Co. Ltd., Kornit Digital Asia Pacific Limited, Kornit Digital Europe GmbH, Kornit Digital Japan KK, Kornit Digital North America Inc, Kornit Digital Technologies Ltd., Kornit Digital UK Ltd., and Voxel8.Read More How can I contact Kornit Digital? Kornit Digital's mailing address is 12 HAAMAL STREET, ROSH-HAAYIN L3, 4809246. The official website for the company is www.kornit.com. The industrial products company can be reached via phone at (723) 908-5800, via email at michael.callahan@icrinc.com, or via fax at 972-3908-0280. 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