Zacks Investment Research upgraded shares of Kornit Digital (NASDAQ:KRNT) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Kornit Digital, Ltd. is engaged in developing, manufacturing and marketing industrial and commercial printing solutions. The company offers a portfolio of direct to garment printers from entry level to mass production; NeoPigment ink solutions; roll to roll printers and pretereatment systems and software for the garment and textile printing industry. Kornit Digital, Ltd. is headquartered in Rosh-Ha`Ayin, Israel. “

KRNT has been the subject of several other research reports. Barclays set a $19.00 target price on shares of Kornit Digital and gave the stock a buy rating in a research note on Wednesday, January 10th. BidaskClub downgraded shares of Kornit Digital from a sell rating to a strong sell rating in a research note on Tuesday, January 9th. TheStreet upgraded shares of Kornit Digital from a c rating to a b- rating in a research note on Thursday, January 11th. Finally, Citigroup upgraded shares of Kornit Digital from a neutral rating to a buy rating and set a $19.00 target price for the company in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Kornit Digital presently has a consensus rating of Buy and a consensus target price of $19.83.

Kornit Digital (NASDAQ:KRNT) opened at $13.50 on Wednesday. The firm has a market cap of $450.36, a PE ratio of 66.75, a PEG ratio of 0.94 and a beta of 0.02. Kornit Digital has a 12 month low of $12.85 and a 12 month high of $23.15.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.02 earnings per share for the quarter. Kornit Digital had a negative net margin of 0.71% and a positive return on equity of 4.62%. analysts expect that Kornit Digital will post 0.09 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Kornit Digital during the fourth quarter valued at approximately $103,000. Wells Fargo & Company MN grew its stake in Kornit Digital by 1,540.0% during the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 7,700 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Kornit Digital during the second quarter valued at approximately $198,000. Citadel Advisors LLC purchased a new position in Kornit Digital during the fourth quarter valued at approximately $186,000. Finally, Winslow Evans & Crocker Inc. grew its stake in Kornit Digital by 147.9% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 14,876 shares of the industrial products company’s stock valued at $240,000 after acquiring an additional 8,876 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

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About Kornit Digital

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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