Kornit Digital (NASDAQ:KRNT) Announces Earnings Results

Kornit Digital (NASDAQ:KRNT) released its quarterly earnings data on Wednesday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14), Zacks reports. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. Kornit Digital updated its Q1 2025 guidance to EPS.

Kornit Digital Stock Down 2.8 %

Shares of KRNT traded down $0.81 during midday trading on Wednesday, reaching $28.34. 211,061 shares of the stock were exchanged, compared to its average volume of 216,072. The stock’s 50 day simple moving average is $30.72 and its 200 day simple moving average is $25.97. The company has a market cap of $1.35 billion, a P/E ratio of -32.18 and a beta of 2.02. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.28.

Wall Street Analyst Weigh In

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

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.