News stories about Kornit Digital (NASDAQ:KRNT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.5620045456155 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Kornit Digital (KRNT) traded up 0.99% during midday trading on Monday, hitting $15.25. The stock had a trading volume of 203,603 shares. The firm has a 50 day moving average of $16.09 and a 200 day moving average of $16.09. Kornit Digital has a 52 week low of $9.00 and a 52 week high of $23.15. The firm’s market cap is $514.46 million.
Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $28.59 million for the quarter, compared to the consensus estimate of $29.81 million. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. Equities research analysts predict that Kornit Digital will post $0.18 EPS for the current year.
Several equities analysts have weighed in on KRNT shares. Craig Hallum started coverage on Kornit Digital in a research note on Tuesday, July 11th. They set a “buy” rating and a $26.00 price objective on the stock. Zacks Investment Research upgraded Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut Kornit Digital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and set a $24.00 target price on shares of Kornit Digital in a research note on Tuesday, August 8th. Finally, Citigroup Inc. cut Kornit Digital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.50 to $14.00 in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.83.
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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.
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