NASDAQ:KRNT Kornit Digital Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Kornit Digital Ltd Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $57.09 -0.20 (-0.35 %) (As of 09/17/2020 12:00 AM ET) Add Compare Share Today's Range$55.25Now: $57.09▼$57.8050-Day Range$52.09MA: $58.91▼$65.5552-Week Range$22.17Now: $57.09▼$65.91Volume1.96 million shsAverage Volume349,048 shsMarket Capitalization$2.34 billionP/E RatioN/ADividend YieldN/ABeta1.6 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital, Ltd. was founded in 2002 and is headquartered in Rosh-Ha`Ayin, Israel.Read More Beat the Market (BTM) Rank™ 1.3 Analyst's Opinion Consensus RatingKornit Digital has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $55.25, Kornit Digital has a forecasted downside of 3.2% from its current price of $57.09.Amount of Analyst CoverageKornit Digital has only been the subject of 3 research reports in the past 90 days. Previous Next 2.9 Community Rank Outperform VotesKornit Digital has received 339 “outperform” votes. (Add your “outperform” vote.)Underperform VotesKornit Digital has received 247 “underperform” votes. (Add your “underperform” vote.)Community SentimentKornit Digital has received 57.85% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Kornit Digital and other stocks. Vote “Outperform” if you believe KRNT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe KRNT will underperform the S&P 500 over the long term. You may vote once every thirty days. 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 1.0 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 Institutions93.91% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Kornit Digital are expected to grow in the coming year, from ($0.11) to $0.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kornit Digital is -285.44, 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 -285.44, 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 6.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.17 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Printing trades machinery Sub-IndustryN/A SectorIndustrial Products Current SymbolNASDAQ:KRNT Previous Symbol CUSIPN/A CIK1625791 Webwww.kornit.com Phone972-3908-5800Debt Debt-to-Equity Ratio0.06 Current Ratio7.06 Quick Ratio5.89Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$179.87 million Price / Sales12.99 Cash Flow$0.44 per share Price / Cash Flow130.50 Book Value$8.31 per share Price / Book6.87Profitability EPS (Most Recent Fiscal Year)$0.36 Net Income$10.17 million Net Margins-5.05% Return on Equity-2.09% Return on Assets-1.76%Miscellaneous Employees444 Outstanding Shares40,942,000Market Cap$2.34 billion Next Earnings Date11/16/2020 (Estimated) OptionableOptionable $57.09 -0.20 (-0.35 %) (As of 09/17/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive KRNT News and Ratings via Email Sign-up to receive the latest news and ratings for KRNT and its competitors with MarketBeat's FREE daily newsletter. Kornit Digital (NASDAQ:KRNT) Frequently Asked Questions How has Kornit Digital's stock price been impacted by Coronavirus (COVID-19)? 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 shares have increased by 65.6% and is now trading at $57.09. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Kornit Digital? 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. When is Kornit Digital's next earnings date? Kornit Digital is scheduled to release its next quarterly earnings announcement on Monday, November 16th 2020. View our earnings forecast for Kornit Digital. How were Kornit Digital's earnings last quarter? Kornit Digital Ltd (NASDAQ:KRNT) released its earnings results on Tuesday, August, 11th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.13) by $0.04. The industrial products company earned $37.44 million during the quarter, compared to analysts' expectations of $34.65 million. Kornit Digital had a negative return on equity of 2.09% and a negative net margin of 5.05%. View Kornit Digital's earnings history. What price target have analysts set for KRNT? 5 Wall Street analysts have issued twelve-month price objectives for Kornit Digital's shares. Their forecasts range from $36.00 to $68.00. On average, they anticipate Kornit Digital's share price to reach $55.25 in the next year. This suggests that the stock has a possible downside of 3.2%. View analysts' price targets for Kornit Digital. Are investors shorting Kornit Digital? Kornit Digital saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,210,000 shares, a decline of 18.2% from the July 30th total of 1,480,000 shares. Based on an average daily trading volume, of 381,800 shares, the days-to-cover ratio is presently 3.2 days. View Kornit Digital's Short Interest. Who are some of Kornit Digital's key competitors? Some companies that are related to Kornit Digital include DISCO CORP/ADR (DSCSY), A. O. Smith (AOS), Mitsubishi Heavy Industries (MHVYF), Hubbell (HUBB), Pentair (PNR), TORAY INDUSTRIE/ADR (TRYIY), HITACHI CONSTR/ADR (HTCMY), Wynn Macau (XYIGF), AptarGroup (ATR), ADT (ADT), Reliance Steel & Aluminum (RS), Berry Global Group (BERY), DAI NIPPON PRTG/S (DNPLY), HD Supply (HDS) and Tenaris (TS). View all competitors. 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 (CCL), Micron Technology (MU), Taiwan Semiconductor Mfg. (TSM), CVS Health (CVS), Walt Disney (DIS), JD.Com (JD) and Verizon Communications (VZ). Who are Kornit Digital's key executives? Kornit Digital's management team includes the following people: Mr. Ronen Samuel, Chief Exec. Officer (Age 50)Mr. Guy Avidan, Chief Financial Officer (Age 57)Mr. Gilad Yron, Exec. VP of Sales (Age 46)Mr. Ofer Ben-Zur, Co-Founder & Director (Age 54)Mr. Ilan Givon, VP of Operations 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 $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. 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 retail and institutional investors. Top institutional shareholders include Wasatch Advisors Inc. (9.40%), American Capital Management Inc. (6.95%), Riverbridge Partners LLC (3.30%), FMR LLC (3.23%), Stephens Investment Management Group LLC (3.18%) and Harel Insurance Investments & Financial Services Ltd. (2.68%). Which institutional investors are selling Kornit Digital stock? KRNT stock was sold by a variety of institutional investors in the last quarter, including Blair William & Co. IL, Summit Creek Advisors LLC, Wasatch Advisors Inc., CWM LLC, American Capital Management Inc., Silvercrest Asset Management Group LLC, Kornitzer Capital Management Inc. KS, and Chicago Capital LLC. Which institutional investors are buying Kornit Digital stock? KRNT stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., Redwood Investments LLC, Driehaus Capital Management LLC, Aperture Investors LLC, Nicholas Investment Partners LP, Assenagon Asset Management S.A., and California Public Employees Retirement System. How do I buy shares of Kornit Digital? 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. What is Kornit Digital's stock price today? One share of KRNT stock can currently be purchased for approximately $57.09. How big of a company is Kornit Digital? Kornit Digital has a market capitalization of $2.34 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. What is Kornit Digital's official website? The official website for Kornit Digital is www.kornit.com. How can I contact Kornit Digital? 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] This page was last updated on 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
