Kardigan, Inc. (NASDAQ:KARD) Stock Has Average Price Target of $42.25

Kardigan, Inc. (NASDAQ:KARD) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $42.25.

Several analysts have commented on KARD shares. JPMorgan Chase & Co. decreased their price target on shares of Kardigan from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, August 25th. TD Cowen began coverage on shares of Kardigan in a report on Monday, July 13th. They issued a “buy” rating and a $46.00 price target on the stock. Wall Street Zen downgraded Kardigan from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zacks Research upgraded Kardigan to a “hold” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings assumed coverage on Kardigan in a research note on Monday, September 14th. They set a “sell (d)” rating on the stock.

Kardigan Price Performance

KARD opened at $14.79 on Wednesday. Kardigan has a 12 month low of $13.75 and a 12 month high of $27.00. The stock has a fifty day moving average of $19.21.

Kardigan (NASDAQ:KARD) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($4.61) earnings per share for the quarter. Research analysts expect that Kardigan will post -3.41 earnings per share for the current year.

Institutional Trading of Kardigan

Several large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new stake in Kardigan during the second quarter worth about $247,000. Citadel Advisors LLC acquired a new position in Kardigan in the second quarter valued at approximately $2,862,000. Braidwell LP purchased a new stake in Kardigan in the 2nd quarter worth approximately $7,155,000. Montanova Capital LLC purchased a new stake in Kardigan in the 2nd quarter worth approximately $9,540,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Kardigan during the 2nd quarter worth approximately $716,000.

About Kardigan