Kornit Digital Ltd (NASDAQ:KRNT) shares gapped down prior to trading on Wednesday . The stock had previously closed at $24.34, but opened at $25.51. Kornit Digital shares last traded at $24.58, with a volume of 16508 shares trading hands.
KRNT has been the subject of a number of research analyst reports. Zacks Investment Research cut Kornit Digital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Craig Hallum set a $25.00 target price on Kornit Digital and gave the company a “buy” rating in a research note on Thursday, February 14th. BidaskClub upgraded Kornit Digital from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, Needham & Company LLC raised their target price on Kornit Digital from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.29.
The company has a market cap of $875.92 million, a PE ratio of 107.88 and a beta of 1.08.
A number of large investors have recently made changes to their positions in KRNT. Legal & General Group Plc raised its stake in Kornit Digital by 71.1% during the third quarter. Legal & General Group Plc now owns 1,345 shares of the industrial products company’s stock valued at $29,000 after buying an additional 559 shares during the last quarter. Advisor Group Inc. raised its stake in Kornit Digital by 53.7% during the first quarter. Advisor Group Inc. now owns 1,434 shares of the industrial products company’s stock valued at $34,000 after buying an additional 501 shares during the last quarter. PRW Wealth Management LLC purchased a new position in Kornit Digital during the fourth quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kornit Digital by 31.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,752 shares of the industrial products company’s stock valued at $42,000 after buying an additional 419 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in Kornit Digital during the first quarter valued at $54,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
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About Kornit Digital (NASDAQ:KRNT)
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.
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