FY2025 EPS Estimates for Kornit Digital Reduced by Analyst

Kornit Digital Ltd. (NASDAQ:KRNT) – Equities researchers at Cantor Fitzgerald decreased their FY2025 earnings estimates for Kornit Digital in a report released on Thursday, August 7th. Cantor Fitzgerald analyst T. Jensen now expects that the industrial products company will post earnings per share of ($0.32) for the year, down from their previous forecast of ($0.27). The consensus estimate for Kornit Digital’s current full-year earnings is ($0.20) per share. Cantor Fitzgerald also issued estimates for Kornit Digital’s FY2026 earnings at ($0.43) EPS.

Other analysts also recently issued research reports about the stock. Needham & Company LLC lowered their price objective on shares of Kornit Digital from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Barclays set a $22.00 price objective on shares of Kornit Digital and gave the company an “equal weight” rating in a research report on Thursday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Kornit Digital in a research note on Thursday, May 15th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $31.40.

Kornit Digital Stock Down 6.0%

Shares of NASDAQ:KRNT opened at $14.19 on Monday. Kornit Digital has a 52-week low of $12.78 and a 52-week high of $34.28. The company has a 50 day moving average of $20.01 and a two-hundred day moving average of $21.42. The company has a market capitalization of $635.57 million, a price-to-earnings ratio of -56.76 and a beta of 1.90.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Kornit Digital had a negative net margin of 5.43% and a negative return on equity of 0.74%. The company had revenue of $49.75 million during the quarter, compared to the consensus estimate of $52.07 million. During the same quarter last year, the company earned $0.02 earnings per share. Kornit Digital’s revenue for the quarter was up 2.5% on a year-over-year basis.

Hedge Funds Weigh In On Kornit Digital

Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. boosted its stake in shares of Kornit Digital by 3.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 52,953 shares of the industrial products company’s stock valued at $1,010,000 after buying an additional 1,646 shares during the last quarter. Artemis Investment Management LLP boosted its stake in shares of Kornit Digital by 5.0% during the 1st quarter. Artemis Investment Management LLP now owns 673,832 shares of the industrial products company’s stock valued at $12,857,000 after buying an additional 31,924 shares during the last quarter. Acuitas Investments LLC bought a new position in Kornit Digital during the first quarter worth $695,000. Moody National Bank Trust Division lifted its stake in Kornit Digital by 39.9% during the first quarter. Moody National Bank Trust Division now owns 118,883 shares of the industrial products company’s stock worth $2,268,000 after purchasing an additional 33,878 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Kornit Digital by 78.6% during the fourth quarter. Northern Trust Corp now owns 204,005 shares of the industrial products company’s stock worth $6,314,000 after purchasing an additional 89,790 shares during the last quarter. 92.76% of the stock is currently owned by hedge funds and other institutional investors.

About Kornit Digital

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.