Kornit Digital Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Kornit Digital stock.
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Kornit Digital saw a decline in short interest during the month of August. As of August 13th, there was short interest totaling 389,500 shares, a decline of 12.2% from the July 29th total of 443,700 shares. Based on an average trading volume of 185,200 shares, the short-interest ratio is presently 2.1 days.
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Kornit Digital is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 2021.
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Kornit Digital Ltd. (NASDAQ:KRNT) posted its quarterly earnings data on Monday, August, 9th. The industrial products company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The industrial products company earned $88.30 million during the quarter, compared to analyst estimates of $77.44 million. Kornit Digital had a trailing twelve-month return on equity of 5.02% and a net margin of 7.40%. The business's revenue was up 131.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS.
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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 327.5% and is now trading at $147.39.
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Kornit Digital issued an update on its third quarter 2021 earnings guidance on Tuesday, September, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $88 million-$92 million, compared to the consensus revenue estimate of $81.47 million.

7 equities research analysts have issued 12 month price objectives for Kornit Digital's stock. Their forecasts range from $100.00 to $150.00. On average, they expect Kornit Digital's share price to reach $133.50 in the next year. This suggests that the stock has a possible downside of 9.4%.
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15 employees have rated Kornit Digital CEO Ronen Samuel on Glassdoor.com. Ronen Samuel has an approval rating of 95% among Kornit Digital's employees. This puts Ronen Samuel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Kornit Digital include Komatsu (KMTUY), Xylem (XYL), Dover (DOV), Ingersoll Rand (IR), W.W. Grainger (GWW), Amcor (AMCR), Avery Dennison (AVY), BAE Systems (BA), IDEX (IEX), Norsk Hydro ASA (NHYDY), Halma (HLMAF), NortonLifeLock (NLOK), Crown (CCK), Plug Power (PLUG) and Nordson (NDSN).
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 (MRVL).

(KRNT) raised $99 million in an initial public offering (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 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 number of retail and institutional investors. Top institutional investors include Wasatch Advisors Inc. (8.97%), American Capital Management Inc. (5.27%), Artisan Partners Limited Partnership (4.23%), Invesco Ltd. (3.72%), Migdal Insurance & Financial Holdings Ltd. (3.27%) and abrdn plc (2.69%).

KRNT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Disciplined Growth Investors Inc. MN, Wasatch Advisors Inc., Nuveen Asset Management LLC, Stephens Investment Management Group LLC, Kornitzer Capital Management Inc. KS, Migdal Insurance & Financial Holdings Ltd., and Pier Capital LLC.

KRNT stock was purchased by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Artisan Partners Limited Partnership, M&G Investment Management Ltd., Artemis Investment Management LLP, Blair William & Co. IL, Bamco Inc. NY, Aubrey Capital Management Ltd, and Cowen Prime Advisors LLC.

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.
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One share of KRNT stock can currently be purchased for approximately $147.39.

Kornit Digital has a market capitalization of $6.78 billion and generates $193.33 million in revenue each year.

Kornit Digital employs 672 workers across the globe.

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

Kornit Digital is headquartered at 12 HAAMAL STREET, ROSH-HAAYIN L3, 4809246.

Kornit Digital's mailing address is 12 HAAMAL STREET, ROSH-HAAYIN L3, 4809246. The industrial products company can be reached via phone at (723) 908-5800 or via email at [email protected]