Anchor Investment Management LLC Has $88,000 Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Anchor Investment Management LLC cut its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 19.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,000 shares of the industrial products company’s stock after selling 1,425 shares during the quarter. Anchor Investment Management LLC’s holdings in Kornit Digital were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KRNT. Moody National Bank Trust Division increased its position in Kornit Digital by 7.9% in the 1st quarter. Moody National Bank Trust Division now owns 42,981 shares of the industrial products company’s stock valued at $779,000 after acquiring an additional 3,162 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings in shares of Kornit Digital by 1.3% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 117,250 shares of the industrial products company’s stock valued at $2,125,000 after purchasing an additional 1,550 shares in the last quarter. Thompson Investment Management Inc. raised its position in Kornit Digital by 13.6% in the 1st quarter. Thompson Investment Management Inc. now owns 523,287 shares of the industrial products company’s stock worth $9,482,000 after purchasing an additional 62,607 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Kornit Digital by 6.7% during the 1st quarter. Wasatch Advisors LP now owns 1,810,302 shares of the industrial products company’s stock worth $32,803,000 after buying an additional 114,372 shares in the last quarter. Finally, Dudley & Shanley Inc. boosted its position in Kornit Digital by 47.2% in the 1st quarter. Dudley & Shanley Inc. now owns 153,400 shares of the industrial products company’s stock valued at $2,780,000 after buying an additional 49,180 shares during the last quarter. 92.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KRNT shares. Barclays lifted their target price on Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $27.00 price objective on shares of Kornit Digital in a report on Thursday, September 12th. Craig Hallum raised their target price on shares of Kornit Digital from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Morgan Stanley boosted their price target on shares of Kornit Digital from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, StockNews.com upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Kornit Digital Trading Up 1.8 %

Shares of KRNT opened at $26.31 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of -21.57 and a beta of 1.92. Kornit Digital Ltd. has a 1 year low of $13.29 and a 1 year high of $26.64. The stock’s 50-day moving average price is $20.20 and its two-hundred day moving average price is $17.20.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $48.62 million for the quarter, compared to the consensus estimate of $50.24 million. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. Kornit Digital’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period last year, the company posted ($0.28) EPS. As a group, equities analysts forecast that Kornit Digital Ltd. will post -0.28 EPS for the current year.

Kornit Digital Company Profile

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.