NASDAQ:KRNTKornit Digital Stock Price, Forecast & News

Kornit Digital's stock was trading at $34.48 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, KRNT stock has increased by 64.2% and is now trading at $56.63.
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5 Wall Street 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, resulting in a consensus recommendation of "Buy."
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Kornit Digital is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020.
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Kornit Digital will be holding an earnings conference call on Tuesday, August 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Kornit Digital Ltd (NASDAQ:KRNT) announced its earnings results on Tuesday, May, 19th. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by $0.13. The industrial products company earned $26.80 million during the quarter, compared to the consensus estimate of $26.59 million. Kornit Digital had a negative net margin of 1.77% and a negative return on equity of 0.51%. The business's quarterly revenue was down 31.6% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share.
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5 analysts have issued twelve-month price objectives for Kornit Digital's shares. Their forecasts range from $36.00 to $50.00. On average, they anticipate Kornit Digital's share price to reach $44.25 in the next year. This suggests that the stock has a possible downside of 21.9%.
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Press coverage about KRNT stock has trended very positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Kornit Digital earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
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Some companies that are related to Kornit Digital include ADT (ADT), Allegion (ALLE), Packaging Corp Of America (PKG), Graco (GGG), AB SKF (SKFRY), DISCO CORP/ADR (DSCSY), KION GRP AG/ADR (KIGRY), A. O. Smith (AOS), Mitsubishi Heavy Industries (MHVYF), Hubbell (HUBB), AptarGroup (ATR), TORAY INDUSTRIE/ADR (TRYIY), Tenaris (TS), Pentair (PNR) and Cimic Group (CIM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Kornit Digital investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), AT&T (T), Verizon Communications (VZ), Alibaba Group (BABA), Walt Disney (DIS), JD.Com (JD), Cisco Systems (CSCO) and CVS Health (CVS).

(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.

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

Kornit Digital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (3.30%), Harel Insurance Investments & Financial Services Ltd. (2.68%), Chicago Capital LLC (2.42%), Victory Capital Management Inc. (0.91%), Pembroke Management LTD (0.80%) and Kornitzer Capital Management Inc. KS (0.69%).

KRNT stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, CWM LLC, Kornitzer Capital Management Inc. KS, Chicago Capital LLC, Analyst IMS Investment Management Services Ltd., Russell Investments Group Ltd., Harel Insurance Investments & Financial Services Ltd., and Cowen Prime Services LLC.

KRNT stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Redwood Investments LLC, Aperture Investors LLC, Assenagon Asset Management S.A., Riverbridge Partners LLC, Pembroke Management LTD, Swiss National Bank, and Thompson Investment Management Inc..

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

One share of KRNT stock can currently be purchased for approximately $56.63.

Kornit Digital has a market capitalization of $2.32 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 444 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]