NASDAQ:KRNT Kornit Digital (KRNT) Stock Price, News & Analysis $17.89 -0.35 (-1.92%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$17.43▼$18.3850-Day Range$14.04▼$20.4852-Week Range$13.29▼$21.86Volume226,383 shsAverage Volume352,274 shsMarket Capitalization$853.98 millionP/E RatioN/ADividend YieldN/APrice Target$24.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Kornit Digital alerts: Email Address Kornit Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside37.9% Upside$24.67 Price TargetShort InterestHealthy1.61% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.64Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.28) to ($0.26) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.39 out of 5 starsIndustrial Products Sector123rd out of 165 stocksPrinting Trades Machinery Industry1st out of 1 stocks 3.5 Analyst's Opinion Consensus RatingKornit Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageKornit Digital has only been the subject of 1 research reports in the past 90 days.Read more about Kornit Digital's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.61% of the outstanding shares of Kornit Digital have been sold short.Short Interest Ratio / Days to CoverKornit Digital has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Kornit Digital has recently increased by 6.14%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldKornit Digital does not currently pay a dividend.Dividend GrowthKornit Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRNT. Previous Next 2.6 News and Social Media Coverage News SentimentKornit Digital has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Kornit Digital this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Kornit Digital to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Kornit Digital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.21% of the stock of Kornit Digital is held by insiders.Percentage Held by Institutions92.76% of the stock of Kornit Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Kornit Digital's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Kornit Digital are expected to grow in the coming year, from ($0.28) to ($0.26) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kornit Digital is -14.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Kornit Digital is -14.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioKornit Digital has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Kornit Digital's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Kornit Digital Stock (NASDAQ:KRNT)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. The company's products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and system upgrade kits, maintenance and support, consulting, and professional services. It serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh Haayin, Israel.Read More KRNT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KRNT Stock News HeadlinesSeptember 4 at 1:45 AM | americanbankingnews.comShort Interest in Kornit Digital Ltd. (NASDAQ:KRNT) Grows By 6.1%August 22, 2024 | seekingalpha.comKornit Digital: Investors Cheer New Go-To-Market Approach But Downgrading On ValuationSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 8, 2024 | msn.comKornit Digital reports mixed Q2 results; initiates Q3 outlookAugust 8, 2024 | markets.businessinsider.comBuy Rating Justified by Kornit Digital’s Strong Margins, Innovative Revenue Model, and Positive Growth OutlookAugust 8, 2024 | seekingalpha.comKornit Digital Ltd. (KRNT) Q2 2024 Earnings Call TranscriptAugust 7, 2024 | seekingalpha.comKornit Digital Ltd. 2024 Q2 - Results - Earnings Call PresentationAugust 7, 2024 | globenewswire.comKornit Digital Announces Investor Event to be Held on September 10th in Conjunction with its Participation at the Printing United Trade Show in Las Vegas, NVSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 7, 2024 | globenewswire.comKornit Digital Reports Second Quarter 2024 ResultsAugust 6, 2024 | markets.businessinsider.comKornit-Digital is about to announce its earnings — here's what to expectAugust 6, 2024 | msn.comKornit Digital Q2 2024 Earnings PreviewJuly 30, 2024 | finance.yahoo.comWe're Hopeful That Kornit Digital (NASDAQ:KRNT) Will Use Its Cash WiselyJuly 28, 2024 | seekingalpha.comKornit Digital: A Compelling Turnaround Opportunity Poised To Rebound MateriallyJuly 22, 2024 | globenewswire.comKornit Digital Sets Second Quarter 2024 Earnings Release Date and WebcastJune 3, 2024 | globenewswire.comKornit Digital to Participate in William Blair 44th Annual Growth Stock ConferenceMay 13, 2024 | seekingalpha.comKornit Digital: New Go-To-Market Approach Holds Long-Term Promise - BuyMay 9, 2024 | markets.businessinsider.comBuy Rating Affirmed for Kornit Digital Amidst Strong Performance and Strategic InitiativesSee More Headlines Receive KRNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Kornit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/07/2024Today9/07/2024Next Earnings (Estimated)11/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrial Products Industry Printing trades machinery Sub-IndustryMachinery Current SymbolNASDAQ:KRNT CUSIPN/A CIK1625791 Webwww.kornit.com Phone(723) 908-5800Fax972-3908-0280Employees880Year Founded2002Price Target and Rating Average Stock Price Target$24.67 High Stock Price Target$27.00 Low Stock Price Target$23.00 Potential Upside/Downside+37.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.22) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-64,350,000.00 Net Margins-23.63% Pretax Margin-23.03% Return on Equity-3.22% Return on Assets-2.97% Debt Debt-to-Equity RatioN/A Current Ratio13.84 Quick Ratio12.22 Sales & Book Value Annual Sales$208.21 million Price / Sales4.10 Cash FlowN/A Price / Cash FlowN/A Book Value$16.52 per share Price / Book1.08Miscellaneous Outstanding Shares47,735,000Free Float47,635,000Market Cap$853.98 million OptionableOptionable Beta1.90 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Ronen Samuel (Age 55)CEO & Director Comp: $496kMr. Kobi Mann (Age 45)Chief Technology Officer Comp: $296kMr. Amir Shaked-MandelExecutive Vice President of Corporate DevelopmentMr. Chris GovierPresident of Kornit EMEAMr. Ilan EladPresident of Kornit AmericasMr. Ofer Ben-Zur (Age 59)Co-Founder & Independent Director Comp: $475kMs. Lauri A. Hanover (Age 65)Chief Financial Officer Mr. Ilan GivonExecutive Vice President of OperationsMr. Jared James MaymonGlobal Head of Investor RelationsMr. Omer Kulka (Age 47)Chief Marketing Officer More ExecutivesKey CompetitorsHaywardNYSE:HAYWAzentaNASDAQ:AZTAATSNYSE:ATSEnerpac Tool GroupNYSE:EPACDNOWNYSE:DNOWView All CompetitorsInstitutional OwnershipLHM Inc.Bought 375,691 shares on 8/22/2024Ownership: 0.787%B. Riley Wealth Advisors Inc.Bought 3,633 shares on 8/19/2024Ownership: 0.037%Disciplined Growth Investors Inc. MNBought 111,971 shares on 8/16/2024Ownership: 4.317%Marathon Capital ManagementBought 35,380 shares on 8/15/2024Ownership: 0.215%DSC Advisors L.P.Bought 4,439 shares on 8/15/2024Ownership: 0.125%View All Institutional Transactions KRNT Stock Analysis - Frequently Asked Questions How have KRNT shares performed this year? Kornit Digital's stock was trading at $19.16 at the start of the year. Since then, KRNT shares have decreased by 6.6% and is now trading at $17.89. View the best growth stocks for 2024 here. How were Kornit Digital's earnings last quarter? Kornit Digital Ltd. (NASDAQ:KRNT) issued its quarterly earnings data on Wednesday, August, 7th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm's revenue was down 13.5% compared to the same quarter last year. What is Ronen Samuel's approval rating as Kornit Digital's CEO? 15 employees have rated Kornit Digital Chief Executive Officer Ronen Samuel on Glassdoor.com. Ronen Samuel has an approval rating of 95% among the company's employees. This puts Ronen Samuel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Does Kornit Digital have any subsidiaries? Kornit Digital subsidiaries include these companies: Voxel8, Custom Gateway, Custom Gateway Limited, Kornit Digital Asia Pacific Limited, Kornit Digital Europe GmbH, Kornit Digital Japan KK, Kornit Digital North America Inc, and more. When did Kornit Digital IPO? Kornit Digital (KRNT) raised $99 million in an IPO on Thursday, April 2nd 2015. The company issued 7,100,000 shares at a price of $13.00-$15.00 per share. Barclays and Citigroup acted as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers. Who are Kornit Digital's major shareholders? Top institutional investors of Kornit Digital include Chicago Capital LLC (6.01%), Disciplined Growth Investors Inc. MN (4.32%), Meitav Investment House Ltd. (2.43%) and William Blair Investment Management LLC (2.07%). How do I buy shares of Kornit Digital? Shares of KRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Kornit Digital own? Based on aggregate information from My MarketBeat watchlists, some other companies that Kornit Digital investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), QUALCOMM (QCOM), Carnival Co. & (CCL), Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM) and CVS Health (CVS). 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