Barclays PLC Has $527,000 Stock Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Barclays PLC grew its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 130.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,420 shares of the industrial products company’s stock after purchasing an additional 11,544 shares during the period. Barclays PLC’s holdings in Kornit Digital were worth $527,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KRNT. Signaturefd LLC grew its position in Kornit Digital by 69.7% in the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,390 shares in the last quarter. Privium Fund Management B.V. boosted its stake in shares of Kornit Digital by 8.8% during the 3rd 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 grew its holdings in shares of Kornit Digital by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 1,184 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Kornit Digital by 26.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 3,633 shares during the last quarter. Finally, Trust Point Inc. raised its holdings in Kornit Digital by 4.6% during the third quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 785 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KRNT. Cantor Fitzgerald began coverage on Kornit Digital in a research report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price target on the stock. Craig Hallum upped their price target on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Barclays upped their target price on shares of Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC lifted their price target on Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Kornit Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

Kornit Digital Price Performance

KRNT stock opened at $29.70 on Friday. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.28. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -33.75 and a beta of 2.01. The company has a fifty day moving average price of $31.34 and a two-hundred day moving average price of $24.22.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.11 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 analyst estimates of $50.44 million. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. Kornit Digital’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) EPS. Research analysts anticipate 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.