Kodiak AI’s (KDK) Buy Rating Reiterated at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of Kodiak AI (NASDAQ:KDK) in a research report released on Wednesday,Benzinga reports. They currently have a $22.00 price target on the stock.

KDK has been the subject of a number of other reports. TD Cowen dropped their price objective on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Wall Street Zen cut Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.70.

Kodiak AI Price Performance

Shares of KDK opened at $6.91 on Wednesday. The company has a 50 day moving average of $8.62. The stock has a market capitalization of $1.26 billion, a P/E ratio of -10.47 and a beta of -0.34. Kodiak AI has a 1-year low of $5.43 and a 1-year high of $11.62.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $1.05 million for the quarter, compared to analyst estimates of $0.52 million.

Hedge Funds Weigh In On Kodiak AI

A number of large investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust bought a new stake in Kodiak AI in the fourth quarter worth $44,000. JPMorgan Chase & Co. purchased a new position in shares of Kodiak AI in the third quarter worth about $36,000. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI in the 4th quarter valued at about $78,000. Ieq Capital LLC purchased a new stake in Kodiak AI during the 4th quarter valued at about $186,000. Finally, XTX Topco Ltd bought a new position in Kodiak AI during the 4th quarter worth approximately $188,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

About Kodiak AI

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.