StockNews.com lowered shares of Kornit Digital (NASDAQ:KRNT – Free Report) from a hold rating to a sell rating in a research note published on Wednesday.
Separately, Needham & Company LLC restated a buy rating and issued a $27.00 target price on shares of Kornit Digital in a research note on Thursday, May 9th.
View Our Latest Report on KRNT
Kornit Digital Stock Performance
Kornit Digital (NASDAQ:KRNT – Get Free Report) last released its earnings results on Wednesday, May 8th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The firm had revenue of $43.78 million during the quarter, compared to the consensus estimate of $45.85 million. Kornit Digital had a negative net margin of 27.17% and a negative return on equity of 4.31%. On average, equities research analysts forecast that Kornit Digital will post -0.28 EPS for the current year.
Institutional Investors Weigh In On Kornit Digital
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of Kornit Digital by 29.4% during the 2nd quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 779 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Kornit Digital by 97.9% during the 1st quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 1,027 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Kornit Digital by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 1,184 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Kornit Digital by 12.4% during the 4th quarter. Van ECK Associates Corp now owns 13,099 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its stake in shares of Kornit Digital by 1.3% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 117,250 shares of the industrial products company’s stock worth $2,125,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.
Kornit Digital Company Profile
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. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
Further Reading
- Five stocks we like better than Kornit Digital
- What Are Dividends? Buy the Best Dividend Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- Why Are These Companies Considered Blue Chips?
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.com's FREE daily email newsletter.