Harbor Capital Advisors Inc. Has $2.70 Million Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Harbor Capital Advisors Inc. cut its holdings in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 37.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,348 shares of the industrial products company's stock after selling 52,723 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.18% of Kornit Digital worth $2,703,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KRNT. B. Riley Wealth Advisors Inc. lifted its holdings in Kornit Digital by 3.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company's stock worth $468,000 after purchasing an additional 625 shares during the last quarter. Trust Point Inc. lifted its stake in shares of Kornit Digital by 4.6% in the third quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company's stock worth $462,000 after buying an additional 785 shares during the last quarter. Privium Fund Management B.V. lifted 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 buying an additional 950 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $235,000 after buying an additional 1,184 shares during the period. Finally, Sei Investments Co. grew its stake in Kornit Digital by 0.6% in the 2nd quarter. Sei Investments Co. now owns 206,464 shares of the industrial products company's stock valued at $3,023,000 after buying an additional 1,214 shares during the last quarter. 92.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KRNT has been the subject of a number of recent analyst reports. Craig Hallum upped their price target on shares of Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC boosted their price objective on Kornit Digital from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barclays raised their target price on Kornit Digital from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Tuesday, October 1st. Cantor Fitzgerald initiated coverage on Kornit Digital in a report on Tuesday, November 26th. They set an "overweight" rating and a $39.00 price target for the company. 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 report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Kornit Digital has a consensus rating of "Moderate Buy" and an average target price of $33.40.

Kornit Digital Trading Down 1.1 %

KRNT traded down $0.32 on Friday, hitting $29.77. 270,484 shares of the stock traded hands, compared to its average volume of 195,547. The business has a fifty day moving average price of $31.13 and a two-hundred day moving average price of $23.83. The firm has a market capitalization of $1.42 billion, a PE ratio of -33.83 and a beta of 2.01. Kornit Digital Ltd. has a 52 week low of $13.59 and a 52 week high of $34.28.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. The business had revenue of $50.73 million for the quarter, compared to analysts' expectations of $50.44 million. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. Kornit Digital's quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.17) earnings per share. On average, equities research analysts forecast that Kornit Digital Ltd. will post -0.22 EPS for the current fiscal year.

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.