Cantor Fitzgerald Estimates Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT) – Investment analysts at Cantor Fitzgerald dropped their FY2025 earnings per share estimates for shares of Kornit Digital in a research report issued to clients and investors on Thursday, February 13th. Cantor Fitzgerald analyst T. Jensen now forecasts that the industrial products company will post earnings of ($0.30) per share for the year, down from their prior forecast of ($0.19). Cantor Fitzgerald currently has a “Overweight” rating and a $39.00 target price on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.22) per share.

A number of other analysts have also weighed in on KRNT. Needham & Company LLC upped their target price on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley boosted their price target on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Craig Hallum increased their price objective on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Kornit Digital Trading Down 6.3 %

Kornit Digital stock opened at $25.85 on Monday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -29.38 and a beta of 2.02. The firm has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $26.42. Kornit Digital has a 1-year low of $13.59 and a 1-year high of $34.28.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in Kornit Digital by 23.4% during 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 period. Russell Investments Group Ltd. increased its position in shares of Kornit Digital by 654.5% in the fourth quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 1,800 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Kornit Digital by 35.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 988 shares during the last quarter. Deutsche Bank AG grew its position in shares of Kornit Digital by 31.5% in the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company’s stock worth $148,000 after buying an additional 1,143 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Kornit Digital by 69.7% in the 3rd quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 2,390 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.

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.