Shares of Kornit Digital Ltd (NASDAQ:KRNT) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.33.

A number of research firms recently weighed in on KRNT. TheStreet upgraded Kornit Digital from a “c+” rating to a “b” rating in a report on Wednesday, August 7th. Zacks Investment Research upgraded Kornit Digital from a “strong sell” rating to a “hold” rating in a report on Saturday, August 24th. BidaskClub upgraded Kornit Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 27th. ValuEngine cut Kornit Digital from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus set a $35.00 price target on Kornit Digital and gave the stock a “buy” rating in a report on Wednesday, August 7th.

Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in Kornit Digital in the 2nd quarter valued at approximately $888,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Kornit Digital by 15.2% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,954,254 shares of the industrial products company’s stock worth $93,532,000 after purchasing an additional 390,395 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Kornit Digital during the 2nd quarter worth $103,000. CWM LLC lifted its stake in shares of Kornit Digital by 18.0% during the 3rd quarter. CWM LLC now owns 272,113 shares of the industrial products company’s stock worth $8,376,000 after purchasing an additional 41,451 shares during the period. Finally, Essex Investment Management Co. LLC lifted its stake in shares of Kornit Digital by 21.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 58,993 shares of the industrial products company’s stock worth $1,816,000 after purchasing an additional 10,256 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ KRNT traded down $0.23 during trading on Thursday, reaching $34.35. 205,300 shares of the company’s stock were exchanged, compared to its average volume of 307,668. The stock has a market cap of $1.39 billion, a P/E ratio of 143.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 6.35 and a current ratio of 7.23. The company has a 50 day moving average price of $32.49 and a two-hundred day moving average price of $29.69. Kornit Digital has a 1 year low of $16.10 and a 1 year high of $35.73.

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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.

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