Cantor Fitzgerald Comments on Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Kornit Digital in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen expects that the industrial products company will earn ($0.19) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $39.00 target price on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.22) per share.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $50.73 million during the quarter, compared to the consensus estimate of $50.44 million. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The business’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) EPS.

Other research analysts have also issued research reports about the company. Craig Hallum boosted their price objective on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays increased their price target on shares of Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Needham & Company LLC lifted their price objective on shares of Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Morgan Stanley increased their target price on Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.40.

Kornit Digital Stock Down 0.5 %

Kornit Digital stock opened at $30.19 on Thursday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -34.31 and a beta of 2.01. The business has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $24.75. Kornit Digital has a 52 week low of $13.59 and a 52 week high of $34.28.

Hedge Funds Weigh In On Kornit Digital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Capital LLC boosted its position in Kornit Digital by 8.1% during the third quarter. Chicago Capital LLC now owns 3,089,263 shares of the industrial products company’s stock valued at $79,811,000 after buying an additional 231,659 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Kornit Digital by 2.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,113,832 shares of the industrial products company’s stock worth $54,611,000 after purchasing an additional 53,257 shares during the last quarter. Riverbridge Partners LLC increased its stake in shares of Kornit Digital by 21.1% in the fourth quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company’s stock worth $59,643,000 after buying an additional 335,713 shares during the period. Artemis Investment Management LLP raised its holdings in Kornit Digital by 138.2% during the 4th quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company’s stock valued at $19,867,000 after buying an additional 372,443 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in Kornit Digital by 35.7% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 621,043 shares of the industrial products company’s stock valued at $16,045,000 after buying an additional 163,543 shares during the period. Institutional investors own 92.76% of the company’s stock.

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.