FY2025 EPS Estimates for Kornit Digital Lifted by Analyst

Kornit Digital Ltd. (NASDAQ:KRNT) – Cantor Fitzgerald lifted their FY2025 EPS estimates for shares of Kornit Digital in a report released on Thursday, May 15th. Cantor Fitzgerald analyst T. Jensen now forecasts that the industrial products company will earn ($0.24) per share for the year, up from their previous forecast of ($0.30). Cantor Fitzgerald currently has a “Strong-Buy” rating on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.20) per share.

Separately, Needham & Company LLC raised their target price on shares of Kornit Digital from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

Kornit Digital Trading Up 0.7%

NASDAQ:KRNT opened at $22.55 on Monday. The company has a market capitalization of $1.07 billion, a P/E ratio of -64.43 and a beta of 2.00. Kornit Digital has a 12 month low of $13.59 and a 12 month high of $34.29. The business’s 50-day moving average is $19.39 and its 200 day moving average is $25.84.

Hedge Funds Weigh In On Kornit Digital

A number of institutional investors and hedge funds have recently modified their holdings of KRNT. Polar Asset Management Partners Inc. boosted its stake in Kornit Digital by 21.7% during the first quarter. Polar Asset Management Partners Inc. now owns 584,460 shares of the industrial products company’s stock worth $11,151,000 after buying an additional 104,017 shares during the period. Granahan Investment Management LLC lifted its holdings in shares of Kornit Digital by 6.2% in the 1st quarter. Granahan Investment Management LLC now owns 1,693,833 shares of the industrial products company’s stock worth $32,318,000 after acquiring an additional 98,284 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Kornit Digital during the 1st quarter worth about $1,601,000. Driehaus Capital Management LLC grew its holdings in Kornit Digital by 14.3% during the 1st quarter. Driehaus Capital Management LLC now owns 472,228 shares of the industrial products company’s stock valued at $9,010,000 after purchasing an additional 59,172 shares during the last quarter. Finally, Trexquant Investment LP raised its position in Kornit Digital by 3.4% in the 1st quarter. Trexquant Investment LP now owns 194,711 shares of the industrial products company’s stock worth $3,715,000 after purchasing an additional 6,404 shares during the period. Hedge funds and other institutional investors own 92.76% of the company’s stock.

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 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.