Assenagon Asset Management S.A. Increases Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Assenagon Asset Management S.A. raised its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 421.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 470,674 shares of the industrial products company's stock after purchasing an additional 380,392 shares during the period. Assenagon Asset Management S.A. owned 0.99% of Kornit Digital worth $14,567,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Kornit Digital by 69.7% during the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company's stock valued at $150,000 after buying an additional 2,390 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 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 valued at $235,000 after purchasing an additional 1,184 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Kornit Digital by 26.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company's stock worth $256,000 after purchasing an additional 3,633 shares in the last quarter. Privium Fund Management B.V. raised its stake in shares of Kornit Digital by 8.8% in the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company's stock worth $305,000 after purchasing an additional 950 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Kornit Digital by 22.7% in the second quarter. XTX Topco Ltd now owns 20,953 shares of the industrial products company's stock valued at $307,000 after purchasing an additional 3,881 shares in the last quarter. Institutional investors own 92.76% of the company's stock.

Analysts Set New Price Targets

KRNT has been the subject of several recent research reports. Barclays upped their price target on Kornit Digital from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 1st. Morgan Stanley upped their target price on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Craig Hallum boosted their price target on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC increased their price objective on shares of Kornit Digital from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald began coverage on Kornit Digital in a research note on Tuesday, November 26th. They issued an "overweight" rating and a $39.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kornit Digital currently has an average rating of "Moderate Buy" and a consensus target price of $33.40.

Kornit Digital Stock Down 0.4 %

KRNT traded down $0.12 during trading hours on Friday, hitting $29.70. The stock had a trading volume of 209,602 shares, compared to its average volume of 192,915. Kornit Digital Ltd. has a 1 year low of $13.59 and a 1 year high of $34.28. The company's fifty day simple moving average is $31.34 and its 200 day simple moving average is $24.22. The stock has a market cap of $1.41 billion, a PE ratio of -33.75 and a beta of 2.01.

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 the consensus estimate of $0.07 by $0.04. The firm had revenue of $50.73 million during the quarter, compared to the consensus estimate of $50.44 million. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The company's revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share. As a group, equities analysts expect that Kornit Digital Ltd. will post -0.22 EPS for the current year.

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.