Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Kornit Digital in a note issued to investors on Thursday, February 27th. Cantor Fitzgerald analyst T. Jensen expects that the industrial products company will earn ($0.30) per share for the year. Cantor Fitzgerald has a "Strong-Buy" rating on the stock. The consensus estimate for Kornit Digital's current full-year earnings is ($0.20) per share.
A number of other equities research analysts have also issued reports on the company. Needham & Company LLC upped their target price on Kornit Digital from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Craig Hallum upped their price objective on Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley increased 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
Get Our Latest Analysis on KRNT
Kornit Digital Trading Down 4.8 %
Shares of KRNT stock traded down $1.09 during trading hours on Monday, hitting $21.84. The company's stock had a trading volume of 233,795 shares, compared to its average volume of 304,105. The business has a fifty day moving average of $28.43 and a 200-day moving average of $27.02. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.29. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -62.40 and a beta of 2.02.
Kornit Digital (NASDAQ:KRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.07 EPS for the quarter, missing analysts' consensus estimates 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%.
Institutional Investors Weigh In On Kornit Digital
Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in Kornit Digital by 23.4% during the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock worth $64,000 after buying an additional 393 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Kornit Digital by 654.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock worth $64,000 after acquiring an additional 1,800 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Kornit Digital by 35.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock worth $117,000 after acquiring an additional 988 shares during the period. Deutsche Bank AG boosted its position in shares of Kornit Digital by 31.5% in the fourth quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock worth $148,000 after acquiring an additional 1,143 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Kornit Digital in the fourth quarter valued at approximately $159,000. Institutional investors and hedge funds own 92.76% of the company's stock.
About Kornit Digital
(
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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.
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