Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. cut its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,141,292 shares of the industrial products company’s stock after selling 3,753 shares during the period. Meitav Investment House Ltd. owned about 2.40% of Kornit Digital worth $35,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KRNT. Fifth Third Bancorp boosted its stake in Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 393 shares during the period. Signaturefd LLC boosted its position in Kornit Digital by 69.7% during the 3rd quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,390 shares during the period. Privium Fund Management B.V. boosted its position in Kornit Digital by 8.8% during the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 950 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in Kornit Digital by 3.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company’s stock worth $468,000 after buying an additional 625 shares during the last quarter. Finally, Barclays PLC increased its position in Kornit Digital by 130.1% in the third quarter. Barclays PLC now owns 20,420 shares of the industrial products company’s stock worth $527,000 after buying an additional 11,544 shares during the period. Institutional investors own 92.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $39.00 price target on shares of Kornit Digital in a research report on Thursday, February 13th. Needham & Company LLC raised their price target on shares of Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Morgan Stanley boosted their price objective on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Craig Hallum increased their price objective on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kornit Digital currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Kornit Digital Trading Up 0.9 %

Shares of NASDAQ:KRNT opened at $26.09 on Thursday. The company has a 50 day moving average of $30.17 and a 200-day moving average of $26.49. The firm has a market cap of $1.24 billion, a P/E ratio of -74.53 and a beta of 2.02. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.28.

Kornit Digital (NASDAQ:KRNT) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 1.51% and a negative net margin of 8.24%. Equities research analysts forecast that Kornit Digital Ltd. will post -0.14 EPS for the current year.

Kornit Digital 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.