Privium Fund Management B.V. Increases Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Privium Fund Management B.V. lifted its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 8.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,800 shares of the industrial products company’s stock after buying an additional 950 shares during the quarter. Privium Fund Management B.V.’s holdings in Kornit Digital were worth $305,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC lifted its position in shares of Kornit Digital by 97.9% in the first quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 1,027 shares in the last quarter. nVerses Capital LLC bought a new position in Kornit Digital in the 2nd quarter worth approximately $40,000. Signaturefd LLC grew its holdings in Kornit Digital by 29.4% during the 2nd 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 in 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. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Kornit Digital by 26.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock worth $256,000 after buying an additional 3,633 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KRNT. Craig Hallum raised their target price on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC lifted their target price on Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com raised Kornit Digital from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Morgan Stanley lifted their price objective on Kornit Digital from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Barclays raised their target price on shares of Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Kornit Digital Trading Up 0.2 %

KRNT opened at $30.47 on Friday. The stock has a 50-day moving average of $23.86 and a 200 day moving average of $18.58. Kornit Digital Ltd. has a 12 month low of $13.59 and a 12 month high of $31.19. The firm has a market cap of $1.45 billion, a P/E ratio of -34.63 and a beta of 1.93.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $50.73 million during the quarter, compared to analyst estimates of $50.44 million. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period last year, the company earned ($0.17) EPS. On average, research analysts forecast that Kornit Digital Ltd. will post -0.28 earnings per share for the current fiscal year.

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.