S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Copper More Critical than Lithium? (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Copper More Critical than Lithium? (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Copper More Critical than Lithium? (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Copper More Critical than Lithium? (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
NASDAQ:KRNT

Kornit Digital - KRNT Stock Forecast, Price & News

$29.67
-1.59 (-5.09%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$29.00
$31.31
50-Day Range
$22.17
$43.57
52-Week Range
$20.40
$181.38
Volume
868,854 shs
Average Volume
705,218 shs
Market Capitalization
$1.47 billion
P/E Ratio
247.27
Dividend Yield
N/A
Price Target
$72.80

Kornit Digital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
145.4% Upside
$72.80 Price Target
Short Interest
Healthy
3.83% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.35mentions of Kornit Digital in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.42) to ($0.16) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Industrial Products Sector

130th out of 182 stocks

Printing Trades Machinery Industry

2nd out of 2 stocks

KRNT stock logo

About Kornit Digital (NASDAQ:KRNT) Stock

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, consulting, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh HaAyin, Israel.

Kornit Digital Stock Down 5.1 %

KRNT opened at $29.67 on Wednesday. The firm has a market cap of $1.47 billion, a P/E ratio of 247.27 and a beta of 1.82. Kornit Digital has a 52 week low of $20.40 and a 52 week high of $181.38. The business has a fifty day simple moving average of $31.27 and a 200-day simple moving average of $60.59.

Kornit Digital (NASDAQ:KRNT - Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.18). The company had revenue of $83.29 million during the quarter, compared to analyst estimates of $88.60 million. Kornit Digital had a net margin of 1.54% and a return on equity of 1.63%. Sell-side analysts expect that Kornit Digital will post -1.42 earnings per share for the current year.

Analyst Ratings Changes

KRNT has been the subject of several analyst reports. Citigroup lowered their price objective on Kornit Digital from $90.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, July 6th. TheStreet lowered Kornit Digital from a "c-" rating to a "d+" rating in a research report on Thursday, June 2nd. Stifel Nicolaus lowered Kornit Digital from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $100.00 to $50.00 in a research report on Wednesday, July 6th. Needham & Company LLC lowered their price target on Kornit Digital from $75.00 to $38.00 and set a "buy" rating for the company in a research report on Wednesday, July 6th. Finally, Craig Hallum lowered Kornit Digital from a "buy" rating to a "hold" rating and lowered their price target for the stock from $54.00 to $26.00 in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Kornit Digital presently has an average rating of "Hold" and an average target price of $72.80.

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.

KRNT Stock News Headlines

Kornit Digital (KRNT) Scheduled to Post Earnings on Wednesday
Company News for Jul 7, 2022
Where Kornit Digital Stands With Analysts
Why Shares Of Kornit Digital Are Trading Lower Today
Bear of the Day: Kornit Digital, Ltd. (KRNT)
KRNT Jul 2022 35.000 put
See More Headlines
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.

KRNT Company Calendar

Last Earnings
11/10/2021
Today
8/10/2022
Next Earnings (Confirmed)
8/10/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Printing trades machinery
Sub-Industry
N/A
Current Symbol
NASDAQ:KRNT
Employees
882
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.80
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+145.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$15.53 million
Pretax Margin
1.51%

Debt

Sales & Book Value

Annual Sales
$322.01 million
Cash Flow
$0.64 per share
Book Value
$18.53 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.47 billion
Optionable
Optionable
Beta
1.82

Key Executives

  • Mr. Ronen Samuel (Age 52)
    CEO & Director
    Comp: $1M
  • Mr. Ilan Givon
    Exec. VP of Operations
  • Mr. Amir Shaked-Mandel
    Exec. VP of Corp. Devel.
  • Chuck Meyo
    Pres of Kornit Digital North America Inc
  • Mr. Ofer Ben-Zur (Age 57)
    Co-Founder & Director
  • Mr. Alon Rozner (Age 50)
    Chief Financial Officer
  • Mr. Kobi Mann (Age 43)
    Chief Technology Officer
  • Mr. Andrew G. Backman (Age 54)
    Global Head of Investor Relations
  • Mr. Omer Kulka (Age 45)
    Chief Marketing Officer
  • Ms. Ayelet Oryan Godard
    Exec. VP of HR













KRNT Stock - Frequently Asked Questions

Should I buy or sell Kornit Digital stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

5 equities research analysts have issued 1 year price objectives for Kornit Digital's shares. Their KRNT share price forecasts range from $26.00 to $200.00. On average, they expect the company's share price to reach $72.80 in the next year. This suggests a possible upside of 145.4% from the stock's current price.
View analysts price targets for KRNT
or view top-rated stocks among Wall Street analysts.

How has Kornit Digital's stock price performed in 2022?

Kornit Digital's stock was trading at $152.25 at the start of the year. Since then, KRNT shares have decreased by 80.5% and is now trading at $29.67.
View the best growth stocks for 2022 here
.

When is Kornit Digital's next earnings date?

Kornit Digital is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
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, August 10th 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 "10169717".

How were Kornit Digital's earnings last quarter?

Kornit Digital Ltd. (NASDAQ:KRNT) posted its earnings results on Wednesday, November, 10th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The industrial products company had revenue of $86.67 million for the quarter, compared to analysts' expectations of $90.16 million. Kornit Digital had a trailing twelve-month return on equity of 1.63% and a net margin of 1.54%. During the same quarter in the previous year, the business earned $0.13 earnings per share.

What guidance has Kornit Digital issued on next quarter's earnings?

Kornit Digital updated its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $56.40 million-$59.40 million, compared to the consensus revenue estimate of $91.41 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 acted 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 investors include Riverbridge Partners LLC (3.04%), abrdn plc (2.50%), Meitav Dash Investments Ltd. (2.20%), Harel Insurance Investments & Financial Services Ltd. (2.18%), Stephens Investment Management Group LLC (1.79%) and Chicago Capital LLC (1.18%).

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 $29.67.

How much money does Kornit Digital make?

Kornit Digital (NASDAQ:KRNT) has a market capitalization of $1.47 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 $0.12 on an earnings per share basis.

How many employees does Kornit Digital have?

Kornit Digital employs 882 workers across the globe.

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 8/10/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.