Cantor Fitzgerald Predicts Kornit Digital FY2025 Earnings

Kornit Digital Ltd. (NASDAQ:KRNT) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Kornit Digital in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen anticipates that the industrial products company will post earnings of ($0.19) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $39.00 price objective on the stock. The consensus estimate for Kornit Digital’s current full-year earnings is ($0.22) per share.

Other equities research analysts have also issued research reports about the stock. Craig Hallum increased their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays increased their price target on Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Morgan Stanley lifted their price target on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Needham & Company LLC upped their price objective on Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.40.

Kornit Digital Price Performance

Shares of KRNT stock opened at $30.19 on Thursday. The firm has a 50-day moving average of $31.18 and a 200-day moving average of $24.75. Kornit Digital has a one year low of $13.59 and a one year high of $34.28. The company has a market cap of $1.44 billion, a P/E ratio of -34.31 and a beta of 2.01.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $50.44 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Kornit Digital’s revenue was down 14.3% compared to the same quarter last year.

Hedge Funds Weigh In On Kornit Digital

Several institutional investors and hedge funds have recently bought and sold shares of KRNT. Bank of New York Mellon Corp lifted its position in shares of Kornit Digital by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock valued at $235,000 after buying an additional 1,184 shares during the last quarter. XTX Topco Ltd lifted its holdings in Kornit Digital by 22.7% during the second quarter. XTX Topco Ltd now owns 20,953 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 3,881 shares during the last quarter. Sei Investments Co. boosted its position in Kornit Digital by 0.6% during the second quarter. Sei Investments Co. now owns 206,464 shares of the industrial products company’s stock worth $3,023,000 after purchasing an additional 1,214 shares during the period. DSC Advisors L.P. increased its stake in shares of Kornit Digital by 8.1% in the second quarter. DSC Advisors L.P. now owns 59,439 shares of the industrial products company’s stock worth $870,000 after purchasing an additional 4,439 shares in the last quarter. Finally, Marathon Capital Management raised its position in shares of Kornit Digital by 52.5% in the second quarter. Marathon Capital Management now owns 102,775 shares of the industrial products company’s stock valued at $1,505,000 after purchasing an additional 35,380 shares during the period. 92.76% of the stock is owned by institutional investors.

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.