Kornit Digital Ltd. (KRNT) Shares Up 2.8%
Kornit Digital Ltd. (NASDAQ:KRNT) shot 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 traded. The stock had previously closed at $10.70.
Several research analysts recently commented on the company. Stifel Nicolaus cut their price target on Kornit Digital from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Kornit Digital from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, May 5th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Kornit Digital in a research note on Friday, June 10th. TheStreet upgraded Kornit Digital from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Kornit Digital in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $16.00.
The company has a market cap of $335.52 million and a price-to-earnings ratio of 86.02. The firm has a 50 day moving average price of $10.23 and a 200 day moving average price of $10.19.
Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.02. During the same quarter in the prior year, the company posted $0.07 earnings per share. The firm earned $24 million during the quarter, compared to the consensus estimate of $24.53 million. The business’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts predict that Kornit Digital Ltd. will post $0.27 earnings per share for the current fiscal 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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