2 weeks Ago By ABMN Staff
Marathon Capital Management grew its stake in shares of Kornit Digital Ltd. ( NASDAQ:KRNT – Free Report ) by 52.5% in the second quarter, Holdings Channel reports.
The institutional investor owned 102,775 shares of the industrial products company’s stock after purchasing an additional 35,380 shares during the period. Marathon Capital Management’s holdings in Kornit Digital were worth $1,505,000 as of its most recent filing with the SEC. A number of other large investors have also made changes to their positions in the stock.
Signaturefd LLC raised its position in shares of Kornit Digital by 29.4% during the second quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock valued at $50,000 after buying an additional 779 shares during the last quarter.
Headlands Technologies LLC raised its position in shares of Kornit Digital by 97.9% during the first quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company’s stock valued at $38,000 after buying an additional 1,027 shares during the last quarter.
Bank of New York Mellon Corp raised its position in shares of Kornit Digital by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock valued at $235,000 after buying an additional 1,184 shares during the last quarter.
Sei Investments Co. raised its position in shares of Kornit Digital by 0.6% during the second quarter.
Sei Investments Co. now owns 206,464 shares of the industrial products company’s stock valued at $3,023,000 after buying an additional 1,214 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its position in 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 worth $2,125,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 92.
76% of the company’s stock. Analyst Ratings Changes Several research firms recently issued reports on KRNT. StockNews.
com raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley raised their price target on shares of Kornit Digital from $20.00 to $26.
00 and gave the company an “overweight” rating in a report on Friday, September 13th. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price target on shares of Kornit Digital in a report on Thursday, September 12th.
Finally, Craig Hallum lifted their target price on shares of Kornit Digital from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.
Kornit Digital Stock Up 1.2 % Shares of NASDAQ KRNT opened at $25.18 on Friday.
The company’s fifty day moving average is $18.93 and its 200-day moving average is $16.85.
The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -20.64 and a beta of 1.
90. Kornit Digital Ltd. has a twelve month low of $13.
29 and a twelve month high of $25.36. Kornit Digital ( NASDAQ:KRNT – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 7th.
The industrial products company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.
03. The business had revenue of $48.62 million for the quarter, compared to analysts’ expectations of $50.
24 million. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.
22%. The firm’s revenue was down 13.5% compared to the same quarter last year.
During the same period in the previous year, the firm posted ($0.28) EPS. On average, research analysts anticipate that Kornit Digital Ltd.
will post -0.28 EPS for the current fiscal year. About Kornit Digital ( Free Report ) 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. Recommended Stories 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 – Free Report ). 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.
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