Kornit Digital Ltd. (NASDAQ:KRNT) Receives $33.40 Average Price Target from Analysts

Kornit Digital Ltd. (NASDAQ:KRNT) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $33.40.

KRNT has been the topic of several analyst reports. Cantor Fitzgerald started coverage on shares of Kornit Digital in a research note on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price target on the stock. Needham & Company LLC upped their price target on Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley raised 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. Finally, Craig Hallum upped their target price on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Institutional Trading of Kornit Digital

A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings 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 in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Kornit Digital by 35.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock worth $117,000 after buying an additional 988 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Kornit Digital by 69.7% in the 3rd 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 during the period. HighTower Advisors LLC bought a new position in Kornit Digital during the fourth quarter worth about $237,000. Finally, US Bancorp DE increased its position in shares of Kornit Digital by 7.4% in the 4th quarter. US Bancorp DE now owns 8,294 shares of the industrial products company’s stock valued at $257,000 after buying an additional 572 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors.

Kornit Digital Stock Performance

Kornit Digital stock opened at $29.15 on Friday. The firm’s 50 day moving average price is $30.72 and its two-hundred day moving average price is $25.97. The firm has a market cap of $1.39 billion, a PE ratio of -33.13 and a beta of 2.02. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.28.

Kornit Digital Company Profile

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.