Kornit Digital Ltd. $KRNT is Silverberg Bernstein Capital Management LLC’s 8th Largest Position

Silverberg Bernstein Capital Management LLC boosted its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 17.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 331,256 shares of the industrial products company’s stock after buying an additional 50,174 shares during the quarter. Kornit Digital makes up about 2.8% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 8th biggest position. Silverberg Bernstein Capital Management LLC owned approximately 0.74% of Kornit Digital worth $4,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Kornit Digital during the second quarter valued at $31,000. State of Tennessee Department of Treasury acquired a new position in Kornit Digital in the 2nd quarter worth about $35,000. CIBC Private Wealth Group LLC increased its position in Kornit Digital by 1,359.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,927 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 1,795 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Kornit Digital during the 3rd quarter worth about $27,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kornit Digital by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,800 shares of the industrial products company’s stock worth $2,248,000 after purchasing an additional 2,105 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Kornit Digital Trading Up 0.9%

Shares of Kornit Digital stock opened at $15.07 on Thursday. The firm has a fifty day simple moving average of $14.63 and a 200-day simple moving average of $14.18. The stock has a market capitalization of $674.99 million, a price-to-earnings ratio of -48.61 and a beta of 1.79. Kornit Digital Ltd. has a 1-year low of $11.93 and a 1-year high of $23.48.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Kornit Digital had a negative net margin of 6.49% and a negative return on equity of 1.07%. The business had revenue of $58.86 million for the quarter, compared to analyst estimates of $58.16 million. During the same period last year, the business posted $0.18 EPS. Kornit Digital’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts predict that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Kornit Digital in a research note on Wednesday, February 11th. Morgan Stanley reiterated a “positive” rating and issued a $17.00 target price on shares of Kornit Digital in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kornit Digital in a research report on Friday, December 26th. Finally, Wall Street Zen upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.25.

About Kornit Digital

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.