Kornit Digital Stock Forecast, Price & 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 (WHO). Since then, KRNT shares have increased by 141.2% and is now trading at $83.18.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Kornit Digital.

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Kornit Digital is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for Kornit Digital.

Kornit Digital Ltd. (NASDAQ:KRNT) posted its earnings results on Tuesday, November, 10th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.04. The industrial products company earned $59.55 million during the quarter, compared to the consensus estimate of $55.29 million. Kornit Digital had a negative return on equity of 2.09% and a negative net margin of 5.05%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share.
View Kornit Digital's earnings history.

5 analysts have issued 1 year price targets for Kornit Digital's shares. Their forecasts range from $68.00 to $76.00. On average, they expect Kornit Digital's share price to reach $70.80 in the next twelve months. This suggests that the stock has a possible downside of 14.9%.
View analysts' price targets for Kornit Digital.

Kornit Digital saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 585,200 shares, a decline of 20.8% from the October 15th total of 738,800 shares. Based on an average daily trading volume, of 239,300 shares, the short-interest ratio is currently 2.4 days.
View Kornit Digital's Short Interest.

Some companies that are related to Kornit Digital include The ExOne (XONE), voxeljet (VJET), voxeljet (VJET), Suny Cellular Communication (SCIXF) and Delphax Technologies (DLPX).
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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 Group (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 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 Wasatch Advisors Inc. (10.96%), Standard Life Aberdeen plc (3.46%), Riverbridge Partners LLC (3.37%), Harel Insurance Investments & Financial Services Ltd. (2.89%), Blair William & Co. IL (2.45%) and BlackRock Inc. (2.35%).

KRNT stock was sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Chicago Capital LLC, Arrowstreet Capital Limited Partnership, Blair William & Co. IL, Summit Creek Advisors LLC, Artemis Investment Management LLP, Sphera Funds Management LTD., and Phoenix Holdings Ltd..

KRNT stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Victory Capital Management Inc., Allianz Asset Management GmbH, Harel Insurance Investments & Financial Services Ltd., Raymond James Financial Services Advisors Inc., Riverbridge Partners LLC, State of Tennessee Treasury Department, and Empowered Funds LLC.

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 $83.18.

Kornit Digital has a market capitalization of $3.41 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 547 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]