Kornit Digital Ltd. (NASDAQ:KRNT) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 18,111 shares of the industrial products company’s stock after buying an additional 625 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Kornit Digital were worth $468,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Kornit Digital by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock worth $235,000 after buying an additional 1,184 shares during the period. Taylor Frigon Capital Management LLC increased its holdings in Kornit Digital by 21.0% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 243,814 shares of the industrial products company’s stock worth $3,569,000 after acquiring an additional 42,383 shares in the last quarter. Signaturefd LLC grew its position in shares of Kornit Digital by 29.4% in the second quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 779 shares during the period. nVerses Capital LLC acquired a new stake in shares of Kornit Digital in the second quarter valued at about $40,000. Finally, Privium Fund Management B.V. acquired a new position in shares of Kornit Digital during the 2nd quarter worth about $159,000. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on KRNT. Craig Hallum lifted 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. Cantor Fitzgerald assumed coverage on Kornit Digital in a research report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price target for the company. Barclays increased their price objective on Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Morgan Stanley lifted their target price on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Needham & Company LLC increased their target price on shares of Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Kornit Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

Kornit Digital Stock Up 1.9 %

Shares of KRNT opened at $32.11 on Friday. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $34.28. The company has a market capitalization of $1.53 billion, a PE ratio of -36.49 and a beta of 2.01. The stock has a fifty day simple moving average of $28.87 and a two-hundred day simple moving average of $21.88.

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

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.