Kornit Digital (KRNT) Upgraded to B- by TheStreet

TheStreet upgraded shares of Kornit Digital (NASDAQ:KRNT) from a c rating to a b- rating in a research note released on Thursday morning.

KRNT has been the topic of several other reports. Barclays set a $19.00 price target on shares of Kornit Digital and gave the stock a buy rating in a research note on Wednesday. Stifel Nicolaus decreased their price target on shares of Kornit Digital from $20.00 to $18.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. BidaskClub downgraded shares of Kornit Digital from a sell rating to a strong sell rating in a research note on Tuesday. Craig Hallum reduced their target price on shares of Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Finally, Needham & Company LLC reduced their target price on shares of Kornit Digital from $22.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $19.00.

Kornit Digital (NASDAQ KRNT) traded up $0.62 during trading hours on Thursday, hitting $15.70. 545,851 shares of the stock traded hands, compared to its average volume of 299,392. The stock has a market capitalization of $508.56, a P/E ratio of -1,570.00, a P/E/G ratio of 1.07 and a beta of 0.17. Kornit Digital has a 12-month low of $12.85 and a 12-month high of $23.15.

A number of hedge funds have recently modified their holdings of KRNT. American Capital Management Inc. acquired a new stake in shares of Kornit Digital during the third quarter valued at about $16,717,000. Granahan Investment Management Inc. MA increased its position in shares of Kornit Digital by 61.0% during the third quarter. Granahan Investment Management Inc. MA now owns 1,969,554 shares of the industrial products company’s stock valued at $30,134,000 after acquiring an additional 746,240 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Kornit Digital during the third quarter valued at about $8,850,000. Wasatch Advisors Inc. acquired a new stake in shares of Kornit Digital during the second quarter valued at about $8,604,000. Finally, FMR LLC acquired a new stake in shares of Kornit Digital during the second quarter valued at about $7,757,000. 78.84% of the stock is currently 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.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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