Kornit Digital (KRNT) Given a $19.00 Price Target at Barclays

Barclays set a $19.00 price objective on Kornit Digital (NASDAQ:KRNT) in a report issued on Wednesday morning. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on KRNT. Citigroup lowered Kornit Digital from a buy rating to a neutral rating and decreased their target price for the stock from $21.50 to $14.00 in a research note on Wednesday, September 27th. Stifel Nicolaus decreased their target price on Kornit Digital from $20.00 to $18.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Canaccord Genuity reissued a buy rating and set a $18.00 target price (down previously from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Needham & Company LLC decreased their target price on Kornit Digital from $22.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Finally, Craig Hallum decreased their target price on Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $19.00.

Kornit Digital (KRNT) traded down $0.03 on Wednesday, reaching $15.07. The company had a trading volume of 742,734 shares, compared to its average volume of 424,192. Kornit Digital has a 1 year low of $12.85 and a 1 year high of $23.15. The firm has a market cap of $508.53 and a price-to-earnings ratio of -1,507.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new stake in Kornit Digital in the 3rd quarter valued at about $335,000. First Washington CORP acquired a new stake in Kornit Digital in the 3rd quarter valued at about $2,468,000. Parametric Portfolio Associates LLC raised its position in Kornit Digital by 97.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 78,516 shares of the industrial products company’s stock valued at $1,519,000 after purchasing an additional 38,738 shares in the last quarter. Stephens Investment Management Group LLC raised its position in Kornit Digital by 13.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,435,057 shares of the industrial products company’s stock valued at $21,956,000 after purchasing an additional 166,045 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Kornit Digital by 57.1% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 948,856 shares of the industrial products company’s stock valued at $14,517,000 after purchasing an additional 344,736 shares in the last quarter. 78.84% of the stock is currently owned by hedge funds and other institutional investors.

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Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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