Analysts Issue Forecasts for Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Kornit Digital in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen expects that the industrial products company will post earnings of ($0.19) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $39.00 price target on the stock. The consensus estimate for Kornit Digital's current full-year earnings is ($0.22) per share.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The business had revenue of $50.73 million for the quarter, compared to analyst estimates of $50.44 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. Kornit Digital's revenue was down 14.3% on a year-over-year basis.

KRNT has been the subject of a number of other reports. Morgan Stanley boosted their price target on Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Needham & Company LLC increased their price target on Kornit Digital from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Barclays increased their price target on shares of Kornit Digital from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Tuesday, October 1st. Finally, Craig Hallum increased their target price on shares of Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kornit Digital currently has an average rating of "Moderate Buy" and a consensus price target of $33.40.

Kornit Digital Trading Down 0.3 %

Kornit Digital stock traded down $0.09 on Thursday, hitting $30.34. 75,077 shares of the stock traded hands, compared to its average volume of 247,748. The firm has a market cap of $1.44 billion, a P/E ratio of -34.48 and a beta of 2.01. The business's fifty day simple moving average is $31.22 and its 200 day simple moving average is $24.61. Kornit Digital has a 1 year low of $13.59 and a 1 year high of $34.28.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KRNT. Principal Financial Group Inc. acquired a new position in shares of Kornit Digital in the 3rd quarter valued at $934,000. Tectonic Advisors LLC acquired a new stake in shares of Kornit Digital in the third quarter valued at $705,000. Loomis Sayles & Co. L P acquired a new position in Kornit Digital during the 3rd quarter worth approximately $8,887,000. Dudley & Shanley Inc. increased its holdings in Kornit Digital by 25.3% in the third quarter. Dudley & Shanley Inc. now owns 259,525 shares of the industrial products company's stock valued at $6,705,000 after buying an additional 52,425 shares during the last quarter. Finally, Telemark Asset Management LLC acquired a new stake in shares of Kornit Digital during the 3rd quarter worth about $1,033,000. Institutional investors and hedge funds own 92.76% of the company's stock.

About Kornit Digital

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.