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. Since then, KRNT shares have increased by 46.2% and is now trading at $50.41. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Kornit Digital.

Kornit Digital is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Kornit Digital.

Kornit Digital Ltd (NASDAQ:KRNT) issued its quarterly earnings data on Tuesday, May, 19th. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.09) by $0.13. The industrial products company earned $26.80 million during the quarter, compared to analyst estimates of $26.59 million. Kornit Digital had a negative return on equity of 0.51% and a negative net margin of 1.77%. The company's revenue was down 31.6% on a year-over-year basis. During the same period last year, the business earned $0.03 earnings per share. View Kornit Digital's earnings history.

5 equities research analysts have issued 1 year price targets for Kornit Digital's stock. Their forecasts range from $36.00 to $50.00. On average, they anticipate Kornit Digital's stock price to reach $44.25 in the next year. This suggests that the stock has a possible downside of 12.2%. View analysts' price targets for Kornit Digital.

News articles about KRNT stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Kornit Digital earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Kornit Digital.

Some companies that are related to Kornit Digital include KION GRP AG/ADR (KIGRY), A. O. Smith (AOS), Mitsubishi Heavy Industries (MHVYF), Tenaris (TS), AptarGroup (ATR), TORAY INDUSTRIE/ADR (TRYIY), DAI NIPPON PRTG/S (DNPLY), Cimic Group (CIM), Hubbell (HUBB), Pentair (PNR), ASAHI GLASS/ADR (ASGLY), GEA Group Aktiengesellschaft (GEAGY), ADT (ADT), Norsk Hydro ASA (NHYDY) and Berry Global Group (BERY). View all competitors.

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 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 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%), Summit Creek Advisors LLC (0.45%) and Envestnet Asset Management Inc. (0.08%).

KRNT stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, and Harel Insurance Investments & Financial Services Ltd..

KRNT stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, and Envestnet Asset 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 $50.41.

Kornit Digital has a market capitalization of $2.06 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]