Kornit Digital Ltd. (NASDAQ:KRNT) Shares Acquired by LHM Inc.

LHM Inc. raised its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 12.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 453,964 shares of the industrial products company’s stock after acquiring an additional 49,755 shares during the period. Kornit Digital makes up about 4.5% of LHM Inc.’s holdings, making the stock its 4th largest position. LHM Inc.’s holdings in Kornit Digital were worth $14,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in Kornit Digital by 23.4% during the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 393 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Kornit Digital by 35.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 988 shares in the last quarter. US Bancorp DE grew its position in Kornit Digital by 7.4% during the fourth quarter. US Bancorp DE now owns 8,294 shares of the industrial products company’s stock worth $257,000 after buying an additional 572 shares in the last quarter. Privium Fund Management B.V. grew its position in 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 worth $305,000 after buying an additional 950 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Kornit Digital by 3.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company’s stock worth $468,000 after buying an additional 625 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KRNT. Morgan Stanley lifted 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. Craig Hallum lifted their price target on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Cantor Fitzgerald raised Kornit Digital to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC boosted their target price on Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kornit Digital currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Kornit Digital Trading Down 0.4 %

NASDAQ KRNT opened at $22.93 on Thursday. The stock has a 50-day moving average of $28.64 and a 200-day moving average of $27.05. The firm has a market cap of $1.09 billion, a PE ratio of -65.51 and a beta of 2.02. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 1.51% and a negative net margin of 8.24%. As a group, equities research analysts forecast that Kornit Digital Ltd. will post -0.2 earnings per share for the current fiscal year.

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.