Kornit Digital Ltd. (NASDAQ:KRNT) Stock Holdings Lowered by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC reduced its holdings in Kornit Digital Ltd. (NASDAQ:KRNTGet Rating) by 23.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,652 shares of the industrial products company’s stock after selling 500 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Kornit Digital were worth $137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EFG Asset Management North America Corp. bought a new stake in shares of Kornit Digital in the 1st quarter worth approximately $1,045,000. Nuveen Asset Management LLC raised its holdings in shares of Kornit Digital by 8.8% during the fourth quarter. Nuveen Asset Management LLC now owns 944,491 shares of the industrial products company’s stock valued at $143,799,000 after acquiring an additional 76,415 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in shares of Kornit Digital by 0.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 51,836 shares of the industrial products company’s stock valued at $7,892,000 after acquiring an additional 302 shares during the period. Barclays PLC raised its holdings in shares of Kornit Digital by 50.8% during the fourth quarter. Barclays PLC now owns 26,804 shares of the industrial products company’s stock valued at $4,080,000 after acquiring an additional 9,024 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Kornit Digital by 182.2% during the fourth quarter. First Horizon Advisors Inc. now owns 604 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 390 shares during the period. 92.13% of the stock is currently owned by institutional investors.

Kornit Digital Stock Performance

Shares of KRNT opened at $27.29 on Tuesday. The company has a market capitalization of $1.35 billion, a PE ratio of 227.44 and a beta of 1.82. Kornit Digital Ltd. has a 52 week low of $20.40 and a 52 week high of $181.38. The company’s 50 day moving average price is $32.63 and its 200 day moving average price is $63.37.

Kornit Digital (NASDAQ:KRNTGet Rating) last posted its earnings results on Wednesday, May 11th. The industrial products company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.18). The business had revenue of $83.29 million during the quarter, compared to the consensus estimate of $88.60 million. Kornit Digital had a return on equity of 1.63% and a net margin of 1.54%. On average, equities analysts forecast that Kornit Digital Ltd. will post -1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KRNT has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Kornit Digital from a “buy” rating to a “hold” rating and cut their price target for the company from $54.00 to $26.00 in a report on Wednesday, July 6th. Stifel Nicolaus lowered shares of Kornit Digital from a “buy” rating to a “hold” rating and cut their price target for the company from $100.00 to $50.00 in a report on Wednesday, July 6th. Needham & Company LLC cut their price target on shares of Kornit Digital from $75.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 6th. TheStreet lowered shares of Kornit Digital from a “c-” rating to a “d+” rating in a report on Thursday, June 2nd. Finally, Citigroup lowered their price objective on shares of Kornit Digital from $90.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.80.

Kornit Digital Company Profile

(Get Rating)

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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.

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Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

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