NASDAQ:KRNT

Kornit Digital (KRNT) Stock Price, News & Analysis

$15.38
-0.19 (-1.22%)
(As of 05/10/2024 ET)
Today's Range
$15.36
$15.97
50-Day Range
$15.18
$18.70
52-Week Range
$13.29
$31.94
Volume
472,131 shs
Average Volume
236,807 shs
Market Capitalization
$734.24 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$24.67

Kornit Digital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
60.4% Upside
$24.67 Price Target
Short Interest
Healthy
1.78% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of Kornit Digital in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.28) to ($0.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.86 out of 5 stars

Industrial Products Sector

111th out of 169 stocks

Printing Trades Machinery Industry

1st out of 1 stocks

KRNT stock logo

About Kornit Digital Stock (NASDAQ:KRNT)

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. The company's 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 system upgrade kits, maintenance and support, consulting, and professional services. It serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh Haayin, Israel.

KRNT Stock Price History

KRNT Stock News Headlines

Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar. For one main reason.
Kornit Digital Reports First Quarter 2024 Results
Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar. For one main reason.
Kornit Digital (NASDAQ:KRNT) Downgraded by StockNews.com
Kornit Digital Ltd (KRNT)
KRNT Mar 2024 22.500 call
Kornit Digital Q4 2023 Earnings Preview
Craig-Hallum Sticks to Its Buy Rating for Kornit Digital (KRNT)
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
5/12/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Printing trades machinery
Sub-Industry
N/A
Current Symbol
NASDAQ:KRNT
Employees
873
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$24.67
High Stock Price Target
$27.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+60.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-64,350,000.00
Pretax Margin
-26.69%

Debt

Sales & Book Value

Annual Sales
$219.79 million
Book Value
$16.44 per share

Miscellaneous

Free Float
47,635,000
Market Cap
$734.24 million
Optionable
Optionable
Beta
1.88

Social Links

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Key Executives

  • Mr. Ronen SamuelMr. Ronen Samuel (Age 55)
    CEO & Director
    Comp: $496k
  • Mr. Kobi Mann (Age 45)
    Chief Technology Officer
    Comp: $296k
  • Mr. Amir Shaked-Mandel
    Executive Vice President of Corporate Development
  • Mr. Chris Govier
    President of Kornit EMEA
  • Mr. Ilan Elad
    President of Kornit Americas
  • Mr. Ofer Ben-Zur (Age 59)
    Co-Founder & Independent Director
    Comp: $475k
  • Ms. Lauri A. Hanover (Age 65)
    Chief Financial Officer
  • Mr. Ilan Givon
    Executive Vice President of Operations
  • Mr. Jared James Maymon
    Global Head of Investor Relations
  • Mr. Omer Kulka (Age 47)
    Chief Marketing Officer

KRNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Kornit Digital stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kornit Digital in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KRNT shares.
View KRNT analyst ratings
or view top-rated stocks.

What is Kornit Digital's stock price target for 2024?

3 Wall Street research analysts have issued 12 month target prices for Kornit Digital's shares. 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 60.4% from the stock's current price.
View analysts price targets for KRNT
or view top-rated stocks among Wall Street analysts.

How have KRNT shares performed in 2024?

Kornit Digital's stock was trading at $19.16 at the beginning of 2024. Since then, KRNT stock has decreased by 19.7% and is now trading at $15.38.
View the best growth stocks for 2024 here
.

When is Kornit Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our KRNT earnings forecast
.

How were Kornit Digital's earnings last quarter?

Kornit Digital Ltd. (NASDAQ:KRNT) posted its quarterly earnings data on Wednesday, February, 14th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 27.17% and a negative trailing twelve-month return on equity of 4.31%.

What ETFs hold Kornit Digital's stock?

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

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

Kornit Digital updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $47.0 million-$52.0 million, compared to the consensus revenue estimate of $53.5 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?

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

Who are Kornit Digital's major shareholders?

Kornit Digital's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.79%), Riverbridge Partners LLC (3.77%), William Blair Investment Management LLC (1.95%), Blair William & Co. IL (1.47%), Thompson Investment Management Inc. (1.10%) and Sei Investments Co. (0.43%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Kornit Digital have any subsidiaries?
The following companies are subsidiares of Kornit Digital: Custom Gateway, Custom Gateway Limited, Kornit (Shanghai) Digital Co. Ltd., Kornit Digital Asia Pacific Limited, Kornit Digital Europe GmbH, Kornit Digital Japan KK, Kornit Digital North America Inc, Kornit Digital Technologies Ltd., Kornit Digital UK Ltd., and Voxel8.
Read More
This page (NASDAQ:KRNT) was last updated on 5/12/2024 by MarketBeat.com Staff

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