Kornit Digital - KRNT Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KRNT shares.
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5 equities research analysts have issued 1-year price targets for Kornit Digital's shares. Their KRNT share price forecasts range from $25.00 to $50.00. On average, they predict the company's stock price to reach $38.20 in the next year. This suggests a possible upside of 55.7% from the stock's current price.
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Kornit Digital's stock was trading at $152.25 on January 1st, 2022. Since then, KRNT stock has decreased by 83.9% and is now trading at $24.54.
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Kornit Digital saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 1,420,000 shares, a drop of 14.5% from the October 31st total of 1,660,000 shares. Based on an average daily volume of 576,100 shares, the short-interest ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Kornit Digital Ltd. (NASDAQ:KRNT) issued its earnings results on Wednesday, November, 10th. The industrial products company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The industrial products company had revenue of $86.67 million for the quarter, compared to the consensus estimate of $90.16 million. Kornit Digital had a negative net margin of 14.45% and a negative trailing twelve-month return on equity of 4.44%. During the same quarter in the previous year, the company earned $0.13 earnings per share.

Kornit Digital issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $66.00 million-$70.00 million, compared to the consensus revenue estimate of $69.36 million.

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.

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).

(KRNT) raised $99 million in an initial public offering (IPO) 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 a variety of retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (8.49%), Senvest Management LLC (6.60%), Meitav Dash Investments Ltd. (3.26%), Riverbridge Partners LLC (2.91%), BlackRock Inc. (2.80%) and Harel Insurance Investments & Financial Services Ltd. (2.48%).

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.
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One share of KRNT stock can currently be purchased for approximately $24.54.

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $1.22 billion and generates $322.01 million in revenue each year. The industrial products company earns $15.53 million in net income (profit) each year or ($0.85) on an earnings per share basis.

The company employs 882 workers across the globe.

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.