Cantor Fitzgerald Forecasts Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNTFree Report) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Kornit Digital in a report issued 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 currently has a “Overweight” rating and a $39.00 target price on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.22) per share.

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

Check Out Our Latest Research Report on Kornit Digital

Kornit Digital Trading Down 0.3 %

Kornit Digital stock opened at $30.34 on Thursday. The firm has a 50 day simple moving average of $31.22 and a 200 day simple moving average of $24.61. 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 $1.44 billion, a price-to-earnings ratio of -34.48 and a beta of 2.01.

Kornit Digital (NASDAQ:KRNTGet Free Report) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The firm had revenue of $50.73 million during the quarter, compared to analyst estimates of $50.44 million. During the same quarter last year, the business earned ($0.17) earnings per share. The company’s quarterly revenue was down 14.3% on a year-over-year basis.

Institutional Trading of Kornit Digital

Several institutional investors and hedge funds have recently modified their holdings of KRNT. Assenagon Asset Management S.A. grew its holdings in shares of Kornit Digital by 421.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 470,674 shares of the industrial products company’s stock worth $14,567,000 after purchasing an additional 380,392 shares in the last quarter. LHM Inc. purchased a new position in Kornit Digital in the 2nd quarter worth approximately $5,500,000. Artemis Investment Management LLP grew its stake in Kornit Digital by 138.2% in the 4th quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company’s stock worth $19,867,000 after buying an additional 372,443 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Kornit Digital in the 3rd quarter worth $8,887,000. Finally, Riverbridge Partners LLC raised its position in shares of Kornit Digital by 21.1% during the 4th quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company’s stock valued at $59,643,000 after buying an additional 335,713 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

About Kornit Digital

(Get Free Report)

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.

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