Kornit Digital Ltd. (NASDAQ:KRNT) Stock Holdings Boosted by Trust Point Inc.

Trust Point Inc. lifted its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 10.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,694 shares of the industrial products company’s stock after buying an additional 1,826 shares during the period. Trust Point Inc.’s holdings in Kornit Digital were worth $610,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp raised its position in Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 393 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Kornit Digital by 69.7% in the 3rd quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 2,390 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Kornit Digital by 26.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 3,633 shares during the last quarter. Privium Fund Management B.V. boosted its holdings in Kornit Digital by 8.8% during the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock worth $305,000 after buying an additional 950 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Kornit Digital by 130.1% in the third quarter. Barclays PLC now owns 20,420 shares of the industrial products company’s stock valued at $527,000 after buying an additional 11,544 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.

Kornit Digital Trading Up 1.2 %

Shares of NASDAQ KRNT opened at $29.20 on Wednesday. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.28. The business has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $25.57. The firm has a market capitalization of $1.39 billion, a PE ratio of -33.18 and a beta of 2.02.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $50.73 million during the quarter, compared to analysts’ expectations of $50.44 million. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The firm’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same period last year, the company posted ($0.17) earnings per share. Research analysts anticipate that Kornit Digital Ltd. will post -0.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on Kornit Digital in a research note on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price objective for the company. Needham & Company LLC increased their price target on Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price objective on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Craig Hallum raised their target price on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.40.

Kornit Digital Profile

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.