Shares of Kornit Digital Ltd (NASDAQ:KRNT) traded up 9% during trading on Tuesday . The company traded as high as $26.66 and last traded at $26.36, 411,597 shares changed hands during mid-day trading. An increase of 18% from the average session volume of 348,178 shares. The stock had previously closed at $24.18.

A number of analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price objective on shares of Kornit Digital in a research report on Friday, February 28th. BidaskClub lowered Kornit Digital from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 20th. Needham & Company LLC lowered their price objective on Kornit Digital from $45.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. ValuEngine lowered Kornit Digital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Craig Hallum lifted their price objective on Kornit Digital from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Kornit Digital currently has a consensus rating of “Buy” and an average price target of $42.00.

The company has a quick ratio of 4.55, a current ratio of 5.34 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.07 billion, a P/E ratio of 228.25 and a beta of 1.02. The stock has a fifty day simple moving average of $38.40 and a 200-day simple moving average of $35.13.

Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings data on Tuesday, February 11th. The industrial products company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. Kornit Digital had a return on equity of 3.02% and a net margin of 3.18%. The business had revenue of $48.65 million for the quarter, compared to analysts’ expectations of $48.49 million. Sell-side analysts anticipate that Kornit Digital Ltd will post 0.54 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Kornit Digital by 3.7% during the 3rd quarter. State Street Corp now owns 219,251 shares of the industrial products company’s stock valued at $6,749,000 after purchasing an additional 7,833 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in Kornit Digital in the 4th quarter valued at approximately $42,000. California State Teachers Retirement System lifted its stake in Kornit Digital by 27.9% in the 3rd quarter. California State Teachers Retirement System now owns 40,448 shares of the industrial products company’s stock valued at $1,245,000 after acquiring an additional 8,819 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Kornit Digital by 7.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 35,606 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Phoenix Holdings Ltd. bought a new stake in Kornit Digital in the 3rd quarter valued at approximately $25,234,000. Institutional investors and hedge funds own 88.41% of the company’s stock.

Kornit Digital Company Profile (NASDAQ:KRNT)

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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