Privium Fund Management B.V. Boosts Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Privium Fund Management B.V. boosted its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 8.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,800 shares of the industrial products company’s stock after purchasing an additional 950 shares during the period. Privium Fund Management B.V.’s holdings in Kornit Digital were worth $305,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its position in shares of Kornit Digital by 97.9% during the first quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 1,027 shares during the period. nVerses Capital LLC bought a new position in Kornit Digital in the second quarter worth approximately $40,000. Signaturefd LLC increased its holdings in Kornit Digital by 29.4% during the 2nd quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 779 shares during the period. Bank of New York Mellon Corp increased its holdings in 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 worth $235,000 after purchasing an additional 1,184 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in Kornit Digital by 26.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 3,633 shares in the last quarter. 92.76% of the stock is owned by hedge funds and other institutional investors.

Kornit Digital Stock Performance

Shares of Kornit Digital stock opened at $30.47 on Friday. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $31.19. The company has a market capitalization of $1.45 billion, a PE ratio of -34.63 and a beta of 1.93. The company has a 50-day simple moving average of $23.86 and a two-hundred day simple moving average of $18.58.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The company had revenue of $50.73 million during the quarter, compared to analysts’ expectations of $50.44 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Kornit Digital’s revenue for the quarter was down 14.3% compared to the same quarter last year. On average, equities analysts predict that Kornit Digital Ltd. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Craig Hallum upped their target price on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley increased their target price on shares of Kornit Digital from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Needham & Company LLC boosted their price target on shares of Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays boosted their price objective on shares of Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Kornit Digital has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.