NASDAQ:KRNT Kornit Digital - KRNT Stock Forecast, Price & News Adding Choose a watchlist: 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. $28.73 -0.06 (-0.21%) (As of 02/3/2023 11:20 AM ET) Add Compare Share Share Today's Range$27.78▼$28.8450-Day Range$20.54▼$28.7952-Week Range$19.44▼$106.14Volume59,268 shsAverage Volume386,603 shsMarket Capitalization$1.43 billionP/E RatioN/ADividend YieldN/APrice Target$36.33 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Kornit Digital MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside28.6% Upside$36.33 Price TargetShort InterestHealthy2.27% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.54Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.10) to ($0.33) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsIndustrial Products Sector61st out of 175 stocksPrinting Trades Machinery Industry1st out of 1 stocks 3.3 Analyst's Opinion Consensus RatingKornit Digital has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.33, Kornit Digital has a forecasted upside of 28.6% from its current price of $28.25.Amount of Analyst CoverageKornit Digital has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.27% of the outstanding shares of Kornit Digital have been sold short.Short Interest Ratio / Days to CoverKornit Digital has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Kornit Digital has recently decreased by 23.65%, indicating that investor sentiment is improving significantly. 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRNT. Previous Next 2.5 News and Social Media Coverage News SentimentKornit Digital has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Kornit Digital this week, compared to 1 article on an average week.Search Interest7 people have searched for KRNT on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days. Previous Next 1.7 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 InsidersOnly 0.21% of the stock of Kornit Digital is held by insiders.Percentage Held by Institutions93.05% 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 ($1.10) to ($0.33) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kornit Digital is -33.23, 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 -33.23, 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 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Kornit Digital (NASDAQ:KRNT) StockKornit Digital Ltd. is engaged in the development, designing, manufacture, and marketing of industrial and commercial printing solutions for the garment, apparel, and textile industries. It offers printing solutions for apparel, polyester, sportswear, beachwear, accessories, paradigm shirt, textiles, curtains, cushions and couches. The company was founded by Ofer Ben-Zur on January 16, 2002 and is headquartered in Rosh HaAyin, Israel.Read More Receive KRNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Kornit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address KRNT Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comKornit Digital (KRNT) Surges 11.0%: Is This an Indication of Further Gains?January 30, 2023 | finance.yahoo.comKornit Digital Sets Fourth Quarter and Full Year 2022 Earnings Release Date and WebcastFebruary 3, 2023 | Investing Trends (Ad)The Humble Mineral at the Heart of the EV Revolution (Not Lithium)You may know of graphite as what's in the tip of a No. 2 pencil, but it is the key to many forms of renewable energy. Today, this humble mineral is at the epicenter of the electric car revolution. Because what most people don't know is today's EV batteries contain more than 220 pounds of graphite – more than lithium, copper or aluminum!January 30, 2023 | americanbankingnews.comKornit Digital Ltd. (NASDAQ:KRNT) Sees Significant Decrease in Short InterestJanuary 28, 2023 | americanbankingnews.comKornit Digital Ltd. (NASDAQ:KRNT) Receives $36.33 Consensus Price Target from BrokeragesJanuary 14, 2023 | benzinga.comKornit Digital Stock (NASDAQ:KRNT), Quotes and News SummaryJanuary 9, 2023 | finance.yahoo.comKornit Digital to Participate in 25th Annual Needham Growth ConferenceJanuary 4, 2023 | finance.yahoo.comIs Kornit Digital Ltd. (NASDAQ:KRNT) Expensive For A Reason? A Look At Its Intrinsic ValueFebruary 3, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! December 20, 2022 | seekingalpha.comKRNT Kornit Digital Ltd.December 8, 2022 | finance.yahoo.comKornit Digital (NASDAQ:KRNT shareholders incur further losses as stock declines 8.5% this week, taking one-year losses to 86%November 11, 2022 | finance.yahoo.comKornit Digital Third Quarter 2022 Earnings: Misses ExpectationsNovember 9, 2022 | seekingalpha.comKornit Digital Ltd. (KRNT) Q3 2022 Earnings Call TranscriptNovember 9, 2022 | finance.yahoo.comKornit Digital Reports Third Quarter 2022 ResultsOctober 19, 2022 | finance.yahoo.comKornit Digital Issues Second-Annual Impact Report; Reaffirms Commitment to Impact Strategy Focused on Long-Term Industry ChangeOctober 19, 2022 | finance.yahoo.comKornit Digital Encourages Textile Industry to “Be the Change” by Adopting Groundbreaking, Sustainable, High-Volume, On-Demand Production at PRINTING United Expo 2022October 18, 2022 | finance.yahoo.comKornit Digital Sets Third Quarter Earnings Release Date and WebcastSeptember 24, 2022 | finance.yahoo.comKornit Digital Ltd. (KRNT)August 22, 2022 | finance.yahoo.comAre Options Traders Betting on a Big Move in Kornit Digital (KRNT) Stock?August 11, 2022 | markets.businessinsider.comExpert Ratings for Kornit DigitalAugust 10, 2022 | seekingalpha.comKornit Digital Ltd. (KRNT) CEO Ronen Samuel on Q2 2022 Results - Earnings Call TranscriptAugust 10, 2022 | nz.finance.yahoo.comKornit Digital Reports Second Quarter 2022 ResultsAugust 10, 2022 | finance.yahoo.comKornit Digital (NASDAQ:KRNT) May Have Issues Allocating Its CapitalJuly 18, 2022 | nasdaq.comInteresting KRNT Put And Call Options For September 16thJuly 14, 2022 | finance.yahoo.comSome Analysts Just Cut Their Kornit Digital Ltd. (NASDAQ:KRNT) EstimatesJuly 7, 2022 | finance.yahoo.comCompany News for Jul 7, 2022July 6, 2022 | seekingalpha.comKornit plunges 23% after pre-announcing weak Q2 results, Citi slashes price targetSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive KRNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Kornit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address KRNT Company Calendar Last Earnings11/09/2022Today2/03/2023Next Earnings (Confirmed)2/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Printing trades machinery Sub-IndustryN/A SectorIndustrial Products Current SymbolNASDAQ:KRNT CUSIPN/A CIK1625791 Webwww.kornit.com Phone(723) 908-5800Fax972-3908-0280Employees882Year Founded2002Price Target and Rating Average Stock Price Forecast$36.33 High Stock Price Forecast$50.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+26.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.85) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$15.53 million Net Margins-14.45% Pretax Margin-15.28% Return on Equity-4.44% Return on Assets-3.96% Debt Debt-to-Equity RatioN/A Current Ratio7.33 Quick Ratio6.24 Sales & Book Value Annual Sales$322.01 million Price / Sales4.44 Cash Flow$0.68 per share Price / Cash Flow42.09 Book Value$18.53 per share Price / Book1.55Miscellaneous Outstanding Shares49,780,000Free Float49,680,000Market Cap$1.43 billion OptionableOptionable Beta1.68 Social Links Key ExecutivesRonen SamuelChief Executive Officer & DirectorIlan GivonExecutive Vice President-OperationsLauri A. HanoverChief Financial Officer & DirectorKobi MannChief Technology OfficerBenzion SenderExecutive VP-Research & DevelopmentKey CompetitorsTriMasNASDAQ:TRSTennantNYSE:TNCEnergy RecoveryNASDAQ:ERIIiRobotNASDAQ:IRBTStandex InternationalNYSE:SXIView All CompetitorsInsiders & InstitutionsEssex Investment Management Co. LLCSold 6,920 shares on 2/3/2023Ownership: 0.312%Simplex Trading LLCBought 12,500 shares on 2/2/2023Ownership: 0.000%CWM LLCSold 11,584 shares on 2/1/2023Ownership: 0.121%Legacy Advisors LLCBought 4,591 shares on 2/1/2023Ownership: 0.029%Janney Montgomery Scott LLCBought 1,120 shares on 2/1/2023Ownership: 0.020%View All Institutional Transactions KRNT Stock - Frequently Asked Questions Should I buy or sell Kornit Digital stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRNT shares. View KRNT analyst ratings or view top-rated stocks. What is Kornit Digital's stock price forecast for 2023? 6 brokers have issued 12-month 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 $36.33 in the next year. This suggests a possible upside of 26.2% from the stock's current price. View analysts price targets for KRNT or view top-rated stocks among Wall Street analysts. How have KRNT shares performed in 2023? Kornit Digital's stock was trading at $22.97 on January 1st, 2023. Since then, KRNT shares have increased by 25.3% and is now trading at $28.79. View the best growth stocks for 2023 here. Are investors shorting Kornit Digital? Kornit Digital saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,130,000 shares, a drop of 23.6% from the December 31st total of 1,480,000 shares. Based on an average daily volume of 352,200 shares, the days-to-cover ratio is presently 3.2 days. View Kornit Digital's Short Interest. When is Kornit Digital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023. View our KRNT earnings forecast. How can I listen to Kornit Digital's earnings call? Kornit Digital will be holding an earnings conference call on Wednesday, February 15th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735879". How were Kornit Digital's earnings last quarter? Kornit Digital Ltd. (NASDAQ:KRNT) issued its earnings results on Wednesday, November, 9th. The industrial products company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.13. The industrial products company earned $66.79 million during the quarter, compared to analyst estimates of $68.06 million. Kornit Digital had a negative trailing twelve-month return on equity of 4.44% and a negative net margin of 14.45%. What guidance has Kornit Digital issued on next quarter's earnings? Kornit Digital issued an update on its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share 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. What is Ronen Samuel's approval rating as Kornit Digital's CEO? 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. 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 Co. & (CCL), Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM), CVS Health (CVS), Walt Disney (DIS), JD.com (JD) and Marvell Technology (MRVL). When did Kornit Digital IPO? (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. 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 a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.74%), Harel Insurance Investments & Financial Services Ltd. (2.40%), Stephens Investment Management Group LLC (2.22%), Chicago Capital LLC (1.53%), Migdal Insurance & Financial Holdings Ltd. (0.95%) and New York State Common Retirement Fund (0.58%). How do I buy shares of Kornit Digital? 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. Compare Top Brokerages Here. What is Kornit Digital's stock price today? One share of KRNT stock can currently be purchased for approximately $28.79. How much money does Kornit Digital make? Kornit Digital (NASDAQ:KRNT) has a market capitalization of $1.43 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. How many employees does Kornit Digital have? The company employs 882 workers across the globe. Does Kornit Digital have any subsidiaries? The following companies are subsidiares of Kornit Digital: Custom Gateway, Custom Gateway Limited, Kornit (Shanghai) Digital Co. Ltd., Kornit Digital Asia Pacific Limited, Kornit Digital Europe GmbH, Kornit Digital Japan KK, Kornit Digital North America Inc, Kornit Digital Technologies Ltd., Kornit Digital UK Ltd., and Voxel8.Read More How can I contact Kornit Digital? 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. This page (NASDAQ:KRNT) was last updated on 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from 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. 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