Kornit Digital (KRNT) Raised to B- at TheStreet

TheStreet upgraded shares of Kornit Digital (NASDAQ:KRNT) from a c rating to a b- rating in a report released on Thursday morning.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity reaffirmed a buy rating and issued a $18.00 price objective (down previously from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Barclays reduced their price objective on shares of Kornit Digital from $18.00 to $17.00 and set an overweight rating for the company in a report on Wednesday, November 8th. Craig Hallum reduced their price objective on shares of Kornit Digital from $20.00 to $26.00 in a report on Thursday, September 28th. Citigroup cut shares of Kornit Digital from a buy rating to a neutral rating and dropped their price target for the stock from $21.50 to $14.00 in a research report on Wednesday, September 27th. Finally, BidaskClub cut shares of Kornit Digital from a hold rating to a sell rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $19.00.

Shares of Kornit Digital (NASDAQ KRNT) opened at $15.70 on Thursday. The firm has a market cap of $508.56, a PE ratio of -1,570.00, a P/E/G ratio of 1.07 and a beta of 0.17. Kornit Digital has a 1-year low of $12.85 and a 1-year high of $23.15.

A number of institutional investors have recently modified their holdings of KRNT. Van ECK Associates Corp raised its position in Kornit Digital by 49.4% in the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 2,583 shares in the last quarter. Wells Fargo & Company MN raised its position in Kornit Digital by 1,540.0% in the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 7,700 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Kornit Digital in the second quarter worth about $198,000. ETF Managers Group LLC bought a new stake in Kornit Digital in the second quarter worth about $211,000. Finally, Hood River Capital Management LLC bought a new stake in Kornit Digital in the third quarter worth about $246,000. Hedge funds and other institutional investors own 78.84% of the company’s stock.

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About Kornit Digital

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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