Kornit Digital Ltd. (NASDAQ:KRNT) Holdings Decreased by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,351 shares of the industrial products company’s stock after selling 79,878 shares during the period. Blair William & Co. IL owned about 1.30% of Kornit Digital worth $9,097,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC lifted its position in shares of Kornit Digital by 29.4% in the second quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 779 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Kornit Digital by 97.9% during the 1st quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company’s stock valued at $38,000 after buying an additional 1,027 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Kornit Digital by 8.0% during 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. Silverberg Bernstein Capital Management LLC increased its stake in shares of Kornit Digital by 1.3% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 117,250 shares of the industrial products company’s stock worth $2,125,000 after acquiring an additional 1,550 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Kornit Digital during the second quarter worth $40,000. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Stock Performance

Shares of NASDAQ KRNT opened at $24.21 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -19.84 and a beta of 1.90. The business’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $16.66. Kornit Digital Ltd. has a 52 week low of $13.29 and a 52 week high of $24.88.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $48.62 million for the quarter, compared to analyst estimates of $50.24 million. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. Kornit Digital’s revenue was down 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.28) EPS. As a group, equities research analysts forecast that Kornit Digital Ltd. will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

KRNT has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 target price on shares of Kornit Digital in a research report on Thursday, September 12th. StockNews.com raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Craig Hallum lifted their target price on shares of Kornit Digital from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Morgan Stanley boosted their target price on shares of Kornit Digital from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th.

Kornit Digital 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.