Winslow Evans & Crocker Inc. acquired a new stake in Kornit Digital Ltd. (NASDAQ:KRNT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,100 shares of the industrial products company’s stock, valued at approximately $273,000.
Several other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in Kornit Digital by 104.3% in the first quarter. Sei Investments Co. now owns 9,111 shares of the industrial products company’s stock valued at $174,000 after buying an additional 4,652 shares during the last quarter. Credit Suisse AG bought a new position in Kornit Digital during the first quarter valued at approximately $319,000. Renaissance Technologies LLC bought a new position in Kornit Digital during the fourth quarter valued at approximately $218,000. TIAA CREF Investment Management LLC boosted its position in Kornit Digital by 244.8% in the first quarter. TIAA CREF Investment Management LLC now owns 33,110 shares of the industrial products company’s stock valued at $632,000 after buying an additional 23,507 shares during the last quarter. Finally, Swiss National Bank boosted its position in Kornit Digital by 165.7% in the first quarter. Swiss National Bank now owns 38,000 shares of the industrial products company’s stock valued at $726,000 after buying an additional 23,700 shares during the last quarter. 63.29% of the stock is owned by institutional investors and hedge funds.
Shares of Kornit Digital Ltd. (KRNT) traded down 0.30% during midday trading on Friday, hitting $16.85. 345,011 shares of the company were exchanged. Kornit Digital Ltd. has a one year low of $8.90 and a one year high of $23.15. The company has a 50-day moving average of $20.09 and a 200 day moving average of $18.63. The company’s market capitalization is $567.14 million.
Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. The company had revenue of $28.59 million during the quarter, compared to the consensus estimate of $29.81 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts expect that Kornit Digital Ltd. will post $0.41 earnings per share for the current fiscal year.
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Several research firms recently commented on KRNT. BidaskClub cut shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday. Canaccord Genuity restated a “buy” rating and issued a $24.00 price objective on shares of Kornit Digital in a research note on Tuesday. Zacks Investment Research upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Craig Hallum assumed coverage on shares of Kornit Digital in a research note on Tuesday, July 11th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Barclays PLC increased their price objective on shares of Kornit Digital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.86.
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.
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