Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,053,392 shares of the industrial products company’s stock after selling 6,027 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 2.61% of Kornit Digital worth $32,423,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of KRNT. Tower Research Capital LLC TRC bought a new stake in Kornit Digital during the 3rd quarter worth approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kornit Digital by 29.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,272 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 520 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Kornit Digital by 42.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,351 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 703 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Kornit Digital during the 2nd quarter worth approximately $103,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Kornit Digital during the 3rd quarter worth approximately $114,000. 99.77% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on KRNT. ValuEngine cut shares of Kornit Digital from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Zacks Investment Research raised shares of Kornit Digital from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 price target (up from $34.00) on shares of Kornit Digital in a research note on Tuesday, November 19th. William Blair reaffirmed an “outperform” rating on shares of Kornit Digital in a research note on Monday, November 18th. Finally, BidaskClub raised shares of Kornit Digital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Kornit Digital presently has a consensus rating of “Buy” and an average price target of $29.25.
Shares of KRNT traded down $0.31 during mid-day trading on Tuesday, hitting $31.78. 66,210 shares of the company’s stock were exchanged, compared to its average volume of 261,329. The company has a market cap of $1.31 billion, a PE ratio of 132.42 and a beta of 1.09. Kornit Digital Ltd has a 52 week low of $16.10 and a 52 week high of $35.73. The company has a 50-day simple moving average of $33.67 and a 200 day simple moving average of $30.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.72 and a quick ratio of 6.83.
Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Monday, November 18th. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). The business had revenue of $49.70 million for the quarter, compared to the consensus estimate of $48.68 million. Kornit Digital had a return on equity of 2.15% and a net margin of 4.75%. Kornit Digital’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. On average, analysts anticipate that Kornit Digital Ltd will post 0.23 earnings per share for the current year.
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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