NASDAQ:KRNTKornit Digital Stock Price, Forecast & News

Kornit Digital's stock was trading at $34.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KRNT stock has increased by 36.5% and is now trading at $47.06. 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) released its earnings results on Tuesday, May, 19th. The industrial products company reported ($0.22) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.09) by $0.13. The industrial products company had revenue of $26.80 million for the quarter, compared to analysts' expectations of $26.59 million. Kornit Digital had a negative net margin of 1.77% and a negative return on equity of 0.51%. The firm's revenue was down 31.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 EPS. View Kornit Digital's earnings history.

5 brokerages have issued 12 month price targets for Kornit Digital's shares. Their forecasts range from $34.00 to $46.00. On average, they anticipate Kornit Digital's share price to reach $40.25 in the next year. This suggests that the stock has a possible downside of 14.5%. View analysts' price targets for Kornit Digital.

Media coverage about KRNT stock has been trending neutral this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kornit Digital earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the industrial products company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutKornit Digital.

Some companies that are related to Kornit Digital include Mitsubishi Heavy Industries (MHVYF), Graco (GGG), AB SKF (SKFRY), Cimic Group (CIM), Tenaris (TS), TORAY INDUSTRIE/ADR (TRYIY), A. O. Smith (AOS), AptarGroup (ATR), DAI NIPPON PRTG/S (DNPLY), Hubbell (HUBB), ASAHI GLASS/ADR (ASGLY), Pentair (PNR), Reliance Steel & Aluminum (RS), Rolls-Royce (RR) and Donaldson (DCI). 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 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 retail and institutional investors. Top institutional shareholders include Wasatch Advisors Inc. (9.68%), Granahan Investment Management Inc. MA (3.75%), Blair William & Co. IL (3.52%), BlackRock Inc. (3.49%), Riverbridge Partners LLC (3.26%) and Harel Insurance Investments & Financial Services Ltd. (2.73%).

KRNT stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Phoenix Holdings Ltd., Janus Henderson Group PLC, Loomis Sayles & Co. L P, Lord Abbett & CO. LLC, Nuveen Asset Management LLC, Summit Creek Advisors LLC, and Chicago Capital LLC.

KRNT stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Wasatch Advisors Inc., Granahan Investment Management Inc. MA, Disciplined Growth Investors Inc. MN, Harel Insurance Investments & Financial Services Ltd., Aperture Investors LLC, Nicholas Investment Partners LP, and Waddell & Reed Financial 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 $47.06.

Kornit Digital has a market capitalization of $1.92 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]