Oppenheimer Asset Management Inc. increased its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT – Free Report) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,307 shares of the industrial products company’s stock after buying an additional 12,770 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.11% of Kornit Digital worth $1,588,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRNT. Fifth Third Bancorp boosted its holdings in shares of Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock valued at $64,000 after buying an additional 393 shares during the period. Privium Fund Management B.V. lifted its position in Kornit Digital by 8.8% in the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 950 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Kornit Digital by 6.0% in the 4th quarter. Handelsbanken Fonder AB now owns 17,657 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 1,000 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Kornit Digital by 3.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 625 shares during the period. Finally, Trust Point Inc. increased its holdings in Kornit Digital by 10.2% during the 4th quarter. Trust Point Inc. now owns 19,694 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 1,826 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
KRNT has been the topic of a number of research reports. Cantor Fitzgerald upgraded Kornit Digital to a “strong-buy” rating in a report on Thursday, February 27th. Needham & Company LLC boosted their target price on Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Morgan Stanley raised their price target 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. Finally, Craig Hallum boosted their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.
Kornit Digital Stock Down 5.1 %
KRNT stock opened at $23.49 on Tuesday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -67.11 and a beta of 2.02. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.28. The business has a 50 day moving average price of $28.99 and a two-hundred day moving average price of $27.05.
Kornit Digital (NASDAQ:KRNT – Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. On average, equities research analysts anticipate that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal year.
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.
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