Taylor Frigon Capital Management LLC cut its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,587 shares of the industrial products company's stock after selling 74,796 shares during the period. Kornit Digital makes up about 2.1% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 4th largest holding. Taylor Frigon Capital Management LLC owned about 0.31% of Kornit Digital worth $4,128,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of 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. Privium Fund Management B.V. raised its holdings in Kornit Digital by 8.8% during 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 in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Kornit Digital by 3.6% during the third 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 in the last quarter. Barclays PLC raised its holdings in Kornit Digital by 130.1% during the third quarter. Barclays PLC now owns 20,420 shares of the industrial products company's stock worth $527,000 after purchasing an additional 11,544 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Kornit Digital by 6.0% during the fourth quarter. Handelsbanken Fonder AB now owns 17,657 shares of the industrial products company's stock worth $546,000 after purchasing an additional 1,000 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.
Kornit Digital Trading Down 0.3 %
NASDAQ:KRNT traded down $0.07 during trading hours on Friday, hitting $24.76. 261,863 shares of the stock traded hands, compared to its average volume of 280,609. The firm has a 50 day moving average price of $29.16 and a 200 day moving average price of $26.93. Kornit Digital Ltd. has a fifty-two week low of $13.59 and a fifty-two week high of $34.28. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -70.74 and a beta of 2.02.
Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced 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%. Research analysts predict that Kornit Digital Ltd. will post -0.2 EPS for the current year.
Analyst Ratings Changes
KRNT has been the topic of several research reports. Needham & Company LLC upped their price target on Kornit Digital from $31.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a report on Thursday. Morgan Stanley upped their price target on Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Finally, Craig Hallum upped their price target on Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.
Read Our Latest Analysis on Kornit Digital
Kornit Digital Company Profile
(
Free Report)
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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