Essex Investment Management Co. LLC increased its stake in Kornit Digital Ltd (NASDAQ:KRNT) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,993 shares of the industrial products company’s stock after acquiring an additional 10,256 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.15% of Kornit Digital worth $1,816,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kornit Digital by 29.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,272 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 520 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Kornit Digital by 42.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,351 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 703 shares in the last quarter. ETF Managers Group LLC increased its holdings in Kornit Digital by 4.3% in the 2nd quarter. ETF Managers Group LLC now owns 31,151 shares of the industrial products company’s stock worth $938,000 after acquiring an additional 1,279 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Kornit Digital by 13.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,900 shares of the industrial products company’s stock worth $440,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Kornit Digital by 15.7% in the 2nd quarter. Vanguard Group Inc. now owns 19,020 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 2,587 shares in the last quarter. 96.31% of the stock is owned by institutional investors.
KRNT traded up $0.48 on Thursday, hitting $34.42. 5,580 shares of the company’s stock were exchanged, compared to its average volume of 173,379. Kornit Digital Ltd has a fifty-two week low of $16.10 and a fifty-two week high of $34.09. The company has a current ratio of 7.23, a quick ratio of 6.35 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $31.26 and a 200-day moving average price of $29.15. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 143.42 and a beta of 1.10.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Kornit Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 27th. TheStreet raised shares of Kornit Digital from a “c+” rating to a “b” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of Kornit Digital from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 24th. Stifel Nicolaus set a $35.00 target price on shares of Kornit Digital and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine cut shares of Kornit Digital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.00.
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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.
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