Advisory Research Inc. Continues to Hold Holdings in Kornit Digital Ltd. (KRNT)

Advisory Research Inc. continued to hold its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,474 shares of the industrial products company’s stock at the close of the 2nd quarter. Advisory Research Inc. owned about 0.21% of Kornit Digital worth $1,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado bought a new stake in Kornit Digital during the 2nd quarter valued at approximately $101,000. Cowen Prime Services LLC boosted its position in Kornit Digital by 104.8% during the 2nd quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 3,100 shares in the last quarter. Van ECK Associates Corp boosted its position in Kornit Digital by 49.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 2,583 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Kornit Digital by 1,540.0% in the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Kornit Digital by 104.3% in the 1st quarter. Sei Investments Co. now owns 9,111 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 4,652 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/10/13/advisory-research-inc-continues-to-hold-holdings-in-kornit-digital-ltd-krnt.html.

A number of analysts have recently commented on KRNT shares. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub cut Kornit Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Stifel Nicolaus dropped their price target on Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Barclays PLC dropped their price target on Kornit Digital from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 27th. Finally, Needham & Company LLC dropped their price target on Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.83.

Shares of Kornit Digital Ltd. (NASDAQ:KRNT) traded down 3.28% during trading on Friday, reaching $14.75. 113,037 shares of the company were exchanged. The company’s 50-day moving average is $16.48 and its 200 day moving average is $16.48. The firm’s market capitalization is $497.59 million. Kornit Digital Ltd. has a 1-year low of $9.00 and a 1-year high of $23.15.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The company had revenue of $28.59 million during the quarter, compared to the consensus estimate of $29.81 million. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. Kornit Digital’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. Equities research analysts expect that Kornit Digital Ltd. will post $0.18 EPS for the current fiscal year.

Kornit Digital 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.

Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

What are top analysts saying about Kornit Digital Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kornit Digital Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit