Kornit Digital Ltd. (NASDAQ:KRNT) Shares Purchased by Meros Investment Management LP

Meros Investment Management LP grew its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 19.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 276,040 shares of the industrial products company’s stock after purchasing an additional 44,456 shares during the period. Kornit Digital makes up about 3.2% of Meros Investment Management LP’s holdings, making the stock its 9th biggest position. Meros Investment Management LP’s holdings in Kornit Digital were worth $7,131,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KRNT. Geode Capital Management LLC grew its holdings in Kornit Digital by 15.3% during the third quarter. Geode Capital Management LLC now owns 83,229 shares of the industrial products company’s stock worth $2,150,000 after acquiring an additional 11,049 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Kornit Digital by 2.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,113,832 shares of the industrial products company’s stock worth $54,611,000 after purchasing an additional 53,257 shares in the last quarter. Barclays PLC grew its stake in shares of Kornit Digital by 130.1% during the 3rd quarter. Barclays PLC now owns 20,420 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 11,544 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of Kornit Digital in the 3rd quarter valued at about $3,590,000. Finally, XTX Topco Ltd lifted its stake in shares of Kornit Digital by 50.5% in the third quarter. XTX Topco Ltd now owns 31,532 shares of the industrial products company’s stock valued at $815,000 after purchasing an additional 10,579 shares during the period. 92.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KRNT. Cantor Fitzgerald started coverage on shares of Kornit Digital in a report on Tuesday, November 26th. They issued an “overweight” rating and a $39.00 target price for the company. Barclays lifted their price objective on Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Morgan Stanley upped their target price on Kornit Digital from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Craig Hallum boosted their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their target price on shares of Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Kornit Digital Stock Down 1.1 %

NASDAQ KRNT opened at $31.59 on Wednesday. Kornit Digital Ltd. has a fifty-two week low of $13.59 and a fifty-two week high of $33.31. The business has a fifty day moving average of $27.86 and a 200-day moving average of $21.10. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -35.90 and a beta of 2.01.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $50.73 million during the quarter, compared to the consensus estimate of $50.44 million. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, analysts anticipate that Kornit Digital Ltd. will post -0.22 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.