Silverberg Bernstein Capital Management LLC Has $4.56 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Silverberg Bernstein Capital Management LLC trimmed its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 147,256 shares of the industrial products company’s stock after selling 950 shares during the period. Kornit Digital makes up 4.0% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 6th biggest holding. Silverberg Bernstein Capital Management LLC’s holdings in Kornit Digital were worth $4,558,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its position in Kornit Digital by 69.7% during the 3rd quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,390 shares during the last quarter. Privium Fund Management B.V. increased its stake in shares of Kornit Digital by 8.8% during the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock valued at $305,000 after buying an additional 950 shares during the period. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 1,184 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake 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 worth $256,000 after acquiring an additional 3,633 shares during the period. Finally, Trust Point Inc. boosted its holdings in Kornit Digital by 4.6% in the third quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Analysts Set New Price Targets

KRNT has been the subject of a number of research reports. Craig Hallum increased their price target on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays raised their target price 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 upped their price target on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Cantor Fitzgerald started coverage on Kornit Digital in a research report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price objective for the company. Finally, Needham & Company LLC boosted 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.40.

Kornit Digital Stock Performance

KRNT stock opened at $30.48 on Wednesday. The company’s fifty day moving average price is $31.35 and its 200-day moving average price is $24.04. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.28. The company has a market capitalization of $1.45 billion, a PE ratio of -34.64 and a beta of 2.01.

Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $50.73 million for the quarter, compared to the consensus estimate of $50.44 million. During the same quarter in the previous year, the company posted ($0.17) EPS. The company’s revenue was down 14.3% compared to the same quarter last year. On average, research analysts predict that Kornit Digital Ltd. will post -0.22 EPS for the current fiscal 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.