Kornit Digital (KRNT) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRNT shares.
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3 Wall Street research analysts have issued 1 year target prices for Kornit Digital's stock. Their KRNT share price targets range from $23.00 to $27.00. On average, they predict the company's stock price to reach $24.67 in the next twelve months. This suggests a possible upside of 55.6% from the stock's current price.
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Kornit Digital's stock was trading at $19.16 at the beginning of the year. Since then, KRNT shares have decreased by 17.3% and is now trading at $15.85.
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Kornit Digital saw a drop in short interest in March. As of March 31st, there was short interest totaling 974,800 shares, a drop of 13.7% from the March 15th total of 1,130,000 shares. Based on an average trading volume of 536,100 shares, the short-interest ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Kornit Digital Ltd. (NASDAQ:KRNT) posted its quarterly earnings results on Wednesday, February, 14th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.08. The industrial products company had revenue of $56.59 million for the quarter, compared to analysts' expectations of $57.35 million. Kornit Digital had a negative net margin of 29.28% and a negative trailing twelve-month return on equity of 5.05%.

ETFs with the largest weight of Kornit Digital (NASDAQ:KRNT) stock in their portfolio include iShares MSCI Israel ETF (EIS) and Harbor Small Cap Explorer ETF (QWST).Amplify BlueStar Israel Technology ETF (ITEQ).

Kornit Digital issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $43.0 million-$48.0 million, compared to the consensus revenue estimate of $46.9 million.

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.

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).

Kornit Digital (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 acted as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers.

Kornit Digital's stock is owned by many different institutional and retail investors. Top institutional shareholders include Thompson Investment Management Inc. (1.10%), Silverberg Bernstein Capital Management LLC (0.25%), Moody National Bank Trust Division (0.09%) and Yarbrough Capital LLC (0.04%).

Shares of KRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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