Winslow Evans & Crocker Inc. Has $620,000 Position in Kornit Digital Ltd (NASDAQ:KRNT)

Winslow Evans & Crocker Inc. grew its position in Kornit Digital Ltd (NASDAQ:KRNT) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,576 shares of the industrial products company’s stock after purchasing an additional 4,156 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Kornit Digital were worth $620,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of KRNT. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kornit Digital by 31.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,752 shares of the industrial products company’s stock valued at $42,000 after buying an additional 419 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Kornit Digital by 70.7% in the fourth quarter. Legal & General Group Plc now owns 2,296 shares of the industrial products company’s stock valued at $43,000 after buying an additional 951 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Kornit Digital in the first quarter valued at about $54,000. DekaBank Deutsche Girozentrale bought a new position in shares of Kornit Digital in the first quarter valued at about $165,000. Finally, WINTON GROUP Ltd bought a new position in shares of Kornit Digital in the second quarter valued at about $207,000. Institutional investors own 84.16% of the company’s stock.

Shares of KRNT stock traded up $0.34 on Wednesday, reaching $31.38. The company had a trading volume of 1,610 shares, compared to its average volume of 230,499. The company has a current ratio of 2.94, a quick ratio of 2.04 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.24 billion, a PE ratio of 130.17 and a beta of 1.06. The stock’s 50-day simple moving average is $29.75. Kornit Digital Ltd has a 12 month low of $16.10 and a 12 month high of $32.20.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Monday, May 13th. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kornit Digital had a net margin of 6.88% and a return on equity of 4.27%. The company had revenue of $38.20 million during the quarter, compared to the consensus estimate of $37.97 million. During the same period last year, the company earned $0.06 earnings per share. The business’s revenue was up 22.8% compared to the same quarter last year. Analysts anticipate that Kornit Digital Ltd will post 0.42 EPS for the current year.

A number of research firms recently issued reports on KRNT. BidaskClub raised Kornit Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday. TheStreet cut Kornit Digital from a “b” rating to a “c+” rating in a report on Tuesday, May 28th. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of Kornit Digital in a research note on Tuesday, June 18th. Finally, Stifel Nicolaus upped their price target on Kornit Digital from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $26.80.

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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.

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Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

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