Brokers Issue Forecasts for Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT) – Analysts at Cantor Fitzgerald reduced their FY2025 earnings estimates for shares of Kornit Digital in a research note issued to investors on Thursday, February 13th. Cantor Fitzgerald analyst T. Jensen now forecasts that the industrial products company will earn ($0.30) per share for the year, down from their prior estimate of ($0.19). 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.

Several other research analysts also recently commented on the company. Morgan Stanley lifted their target price on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Craig Hallum increased their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC lifted their target price on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Kornit Digital Trading Down 6.3 %

NASDAQ KRNT opened at $25.85 on Monday. The firm’s fifty day moving average price is $30.41 and its two-hundred day moving average price is $26.42. Kornit Digital has a 1 year low of $13.59 and a 1 year high of $34.28. The firm has a market capitalization of $1.23 billion, a P/E ratio of -29.38 and a beta of 2.02.

Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp grew its holdings in Kornit Digital by 23.4% in the fourth 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 period. Russell Investments Group Ltd. grew its stake in shares of Kornit Digital by 654.5% in the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company’s stock valued at $64,000 after buying an additional 1,800 shares during the period. Parkside Financial Bank & Trust increased its position in Kornit Digital by 35.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock valued at $117,000 after buying an additional 988 shares in the last quarter. Deutsche Bank AG raised its stake in Kornit Digital by 31.5% during the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company’s stock worth $148,000 after buying an additional 1,143 shares during the period. Finally, Signaturefd LLC boosted its holdings in Kornit Digital by 69.7% in 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. 92.76% of the stock is owned by institutional investors and hedge funds.

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.