Hodges Capital Management Inc. Has $1.43 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Hodges Capital Management Inc. lowered its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 66.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,200 shares of the industrial products company’s stock after selling 92,770 shares during the quarter. Hodges Capital Management Inc. owned 0.10% of Kornit Digital worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KRNT. Fifth Third Bancorp grew its position in shares of Kornit Digital by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock valued at $64,000 after buying an additional 393 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Kornit Digital by 69.7% in the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 2,390 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in 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 valued at $256,000 after acquiring an additional 3,633 shares during the last quarter. Privium Fund Management B.V. increased its position in Kornit Digital by 8.8% during the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 950 shares during the period. Finally, Trust Point Inc. raised its holdings in Kornit Digital by 4.6% during the 3rd quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 92.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KRNT. Morgan Stanley upped their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Craig Hallum upped their price target on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Cantor Fitzgerald started coverage on Kornit Digital in a research report on Tuesday, November 26th. They issued an “overweight” rating and a $39.00 price objective for the company. Finally, Needham & Company LLC upped their target price on Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.40.

Kornit Digital Price Performance

KRNT stock opened at $28.86 on Tuesday. Kornit Digital Ltd. has a 1 year low of $13.59 and a 1 year high of $34.28. The stock has a market capitalization of $1.37 billion, a PE ratio of -32.80 and a beta of 2.02. The company’s 50-day moving average is $31.02 and its 200-day moving average is $25.38.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. The firm had revenue of $50.73 million during the quarter, compared to analysts’ expectations of $50.44 million. During the same quarter last year, the firm posted ($0.17) earnings per share. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. On average, 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.