FY2025 EPS Estimates for Kornit Digital Lowered by Analyst

Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) - Equities researchers at Cantor Fitzgerald cut their FY2025 earnings estimates for Kornit Digital in a report released on Thursday, February 13th. Cantor Fitzgerald analyst T. Jensen now expects that the industrial products company will post earnings per share of ($0.30) for the year, down from their previous forecast of ($0.19). Cantor Fitzgerald has a "Overweight" rating and a $39.00 price objective on the stock. The consensus estimate for Kornit Digital's current full-year earnings is ($0.20) per share.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%.

Other analysts have also issued research reports about the stock. Craig Hallum increased their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Needham & Company LLC increased their price target on Kornit Digital from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective on Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kornit Digital has an average rating of "Moderate Buy" and a consensus target price of $34.00.

Kornit Digital Stock Down 1.8 %

Shares of Kornit Digital stock traded down $0.48 on Monday, reaching $25.57. 207,740 shares of the stock were exchanged, compared to its average volume of 262,935. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.28. The business has a 50 day moving average price of $30.17 and a two-hundred day moving average price of $26.49. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -73.06 and a beta of 2.02.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Kornit Digital during the 4th quarter valued at about $399,000. Castleark Management LLC purchased a new stake in shares of Kornit Digital in the fourth quarter valued at approximately $4,200,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Kornit Digital by 11.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 115,695 shares of the industrial products company's stock worth $3,581,000 after buying an additional 11,496 shares during the period. Shellback Capital LP purchased a new position in shares of Kornit Digital during the 4th quarter valued at approximately $319,000. Finally, Pathstone Holdings LLC grew its stake in Kornit Digital by 0.8% in the 4th quarter. Pathstone Holdings LLC now owns 859,668 shares of the industrial products company's stock valued at $26,607,000 after acquiring an additional 6,503 shares during the period. 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.