Analysts Issue Forecasts for Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Kornit Digital in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen expects that the industrial products company will earn ($0.19) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $39.00 price target on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.22) per share.

KRNT has been the subject of a number of other research reports. Morgan Stanley raised their price objective on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays raised their price objective on Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Craig Hallum raised their price objective on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.40.

Kornit Digital Stock Up 0.3 %

Shares of NASDAQ:KRNT opened at $30.43 on Thursday. The business has a 50 day moving average price of $31.25 and a 200 day moving average price of $24.57. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.28. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -34.58 and a beta of 2.01.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. The firm had revenue of $50.73 million during the quarter, compared to the consensus estimate of $50.44 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KRNT. Fifth Third Bancorp boosted its position in shares of Kornit Digital by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 393 shares during the last quarter. Signaturefd LLC lifted its holdings in Kornit Digital by 69.7% during the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 2,390 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Kornit Digital by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 1,184 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Kornit Digital by 26.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 3,633 shares in the last quarter. Finally, Privium Fund Management B.V. lifted its holdings in Kornit Digital by 8.8% during the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 950 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors.

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 in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.