Kornit Digital (KRNT) Getting Somewhat Favorable Press Coverage, Study Finds

News coverage about Kornit Digital (NASDAQ:KRNT) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.8026197039257 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Kornit Digital traded down $0.10, reaching $18.90, during mid-day trading on Friday, according to MarketBeat Ratings. 159,046 shares of the stock were exchanged, compared to its average volume of 209,684. Kornit Digital has a 1 year low of $11.70 and a 1 year high of $20.00. The company has a market capitalization of $651.84 million, a PE ratio of 158.33 and a beta of 0.30.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $35.90 million for the quarter, compared to the consensus estimate of $35.26 million. Kornit Digital had a net margin of 1.47% and a return on equity of 2.69%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. equities analysts predict that Kornit Digital will post 0.28 earnings per share for the current fiscal year.

Several research firms recently commented on KRNT. Needham & Company LLC upped their price target on shares of Kornit Digital from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. BidaskClub upgraded shares of Kornit Digital from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 3rd. Canaccord Genuity upped their price target on shares of Kornit Digital from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Stifel Nicolaus initiated coverage on shares of Kornit Digital in a research note on Thursday, June 7th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Barclays restated a “buy” rating and set a $22.00 price target on shares of Kornit Digital in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.67.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.

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