Kornit Digital Ltd. (KRNT) Trading 2.8% Higher
Kornit Digital Ltd. (NASDAQ:KRNT)’s share price traded up 2.8% on Friday . The stock traded as high as $11.57 and last traded at $11.00, with a volume of 81,333 shares trading hands. The stock had previously closed at $10.70.
Several equities analysts have weighed in on the company. TheStreet upgraded Kornit Digital from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Zacks Investment Research lowered Kornit Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. Stifel Nicolaus cut their target price on Kornit Digital from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Kornit Digital in a report on Tuesday, July 5th. Finally, Canaccord Genuity restated a “buy” rating and set a $20.00 target price on shares of Kornit Digital in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.00.
The firm has a market cap of $335.52 million and a P/E ratio of 86.02. The stock’s 50 day moving average is $10.25 and its 200 day moving average is $10.19.
Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.02. The company had revenue of $24 million for the quarter, compared to analysts’ expectations of $24.53 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that Kornit Digital Ltd. will post $0.27 EPS for the current year.
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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