Brokers Issue Forecasts for Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT) – Investment analysts at Cantor Fitzgerald decreased their FY2025 EPS estimates for Kornit Digital in a research note issued to investors on Thursday, February 13th. Cantor Fitzgerald analyst T. Jensen now expects that the industrial products company will post earnings per share of ($0.30) for the year, down from their previous estimate of ($0.19). Cantor Fitzgerald currently has a “Overweight” rating and a $39.00 target price on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.22) per share.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%.

A number of other equities research analysts have also recently commented on the stock. Craig Hallum increased their target price on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their price objective on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Kornit Digital Price Performance

Shares of KRNT stock opened at $27.60 on Monday. The company’s 50-day simple moving average is $30.50 and its two-hundred day simple moving average is $26.33. Kornit Digital has a one year low of $13.59 and a one year high of $34.28. The company has a market capitalization of $1.31 billion, a P/E ratio of -31.36 and a beta of 2.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Chicago Capital LLC lifted its stake in shares of Kornit Digital by 8.1% in the 3rd quarter. Chicago Capital LLC now owns 3,089,263 shares of the industrial products company’s stock worth $79,811,000 after acquiring an additional 231,659 shares during the period. Signaturefd LLC increased its holdings in Kornit Digital by 69.7% during the 3rd quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 2,390 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Kornit Digital by 238.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 90,282 shares of the industrial products company’s stock valued at $2,332,000 after acquiring an additional 63,629 shares in the last quarter. Tectonic Advisors LLC purchased a new stake in shares of Kornit Digital during the third quarter worth about $705,000. Finally, Roubaix Capital LLC purchased a new stake in shares of Kornit Digital during the third quarter worth about $2,635,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

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.