Stifel Nicolaus Maintains Kornit Digital Ltd to Buy with Price Target $15.00

Brokerage firm Stifel Nicolaus Maintains its rating on Kornit Digital Ltd(NASDAQ:KRNT). In a research note issued to the investors, the brokerage major Lowers the price-target to $15.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Aug 3, 2016.

Kornit Digital Ltd (KRNT) made into the market gainers list on Fridays trading session with the shares advancing 0.05% or 0.005 points. Due to strong positive momentum, the stock ended at $9.92, which is also near the day’s high of $10.09. The stock began the session at $9.92 and the volume stood at 90,523 shares. The 52-week high of the shares is $13.92 and the 52 week low is $8.1001. The company has a current market capitalization of $301 M and it has 3,02,95,950 shares in outstanding.

Kornit Digital Ltd(KRNT) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.02.

Kornit Digital Ltd. develops designs and markets digital printing solutions for the printed textile industry. The Company is focused on the direct-to-garment (DTG) segment of the printed textile industry. The Company’s solutions include its digital printing systems ink and other consumables associated software and value added services that allow for large scale printing of short runs of complex images and designs directly on finished garments. Its line of DTG systems offers a range of performance options which include the number and size of printing pallets number of print heads printing throughput and process ink colors as well as other customizable features. The Company’s high-throughput systems consist of its Avalanche family of systems Storm II and Paradigm II. The Company’s ink and other consumables consist of its NeoPigment ink binding agent priming fluid wiping fluid and flushing fluid.

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