Is Kornit Digital (KRNT) a good stock to buy now?


Wasatch Micro Cap Fund recently released its Q2 2021 Letter to Investors, a copy of which you can download here. The fund returned 3.11% for the quarter, underperforming its benchmark, the Russell Microcap Index, which returned 4.14% in the same quarter. You should check out the Top 5 Wasatch Stock Picks for Investors to Buy Right Now, which could be the biggest winners of 2021.

In the Q2 2021 letter to investors, the fund highlighted a few stocks and Kornit Digital Ltd. (NASDAQ: KRNT) is one of them. Kornit Digital Ltd. (NASDAQ: KRNT) provides digital printing solutions for the printed textile industry. During the last three months, the Kornit Digital Ltd. share (NASDAQ: KRNT) gained 28%. Here’s what the fund says:

“Kornit Digital Ltd. (KRNT) also contributed the most. On-demand production solutions. Driven by the sustainability of Kornit’s environmentally friendly technology, the company’s global initiatives have added a growing number of leading customers to its rapidly growing installed base.

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Copyright: zefart / 123RF Photo Stock

In August, we published an article revealing that Kornit Digital Ltd. (NASDAQ: KRNT) was one of 10 stocks that posted strong quarterly earnings.

In the first quarter of 2021, the number of bull hedge fund positions on Kornit Digital Ltd. (NASDAQ: KRNT) rose about 60% from the previous quarter (see chart here), so a number of other hedge fund managers believe in KRNT’s growth. potential. Our calculations showed that Kornit Digital Ltd. (NASDAQ: KRNT) is not ranked in the top 30 most popular stocks among hedge funds.

The 10 largest stocks among hedge funds returned 231.2% between 2015 and 2020 and outperformed S&P 500 Index ETFs by more than 126 percentage points. We know it sounds amazing. You rejected our articles on major hedge fund stocks mainly because other media provided you with biased information about poor performance of hedge funds. You could have doubled the size of your nest egg by investing in the best hedge fund stocks instead of stupid S&P 500 ETFs. Here you can watch our video on the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: none. This article originally appeared on Insider Monkey.

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