Essex Investment Management Co. LLC Raises Stock Position in Kornit Digital Ltd (NASDAQ:KRNT)

Share on StockTwits

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.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Kornit Digital had a return on equity of 3.04% and a net margin of 5.69%. The business had revenue of $43.89 million for the quarter, compared to analyst estimates of $45.91 million. During the same period last year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, equities analysts predict that Kornit Digital Ltd will post 0.3 EPS for the current year.

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.

Read More: The Discount Rate – What You Need to Know

Want to see what other hedge funds are holding KRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kornit Digital Ltd (NASDAQ:KRNT).

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

Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Jennifer R. Condame Sells 1,609 Shares of Graham Co.  Stock
Jennifer R. Condame Sells 1,609 Shares of Graham Co. Stock
Michael R. Smith Purchases 5,000 Shares of ICC Holdings Inc  Stock
Michael R. Smith Purchases 5,000 Shares of ICC Holdings Inc Stock
Insider Selling: eXp World Holdings Inc  CAO Sells 8,334 Shares of Stock
Insider Selling: eXp World Holdings Inc CAO Sells 8,334 Shares of Stock
Mario J. Gabelli Buys 2,264 Shares of Associated Capital Group Inc  Stock
Mario J. Gabelli Buys 2,264 Shares of Associated Capital Group Inc Stock
Joshua Levine Sells 17,587 Shares of Accuray Incorporated  Stock
Joshua Levine Sells 17,587 Shares of Accuray Incorporated Stock
Hanger Inc  Shares Purchased by Barclays PLC
Hanger Inc Shares Purchased by Barclays PLC


© 2006-2019 Ticker Report