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

Chardan Capital restated their buy rating on shares of Kodiak AI (NASDAQ:KDK) in a research report released on Wednesday,Benzinga reports. They currently have a $12.00 price target on the stock.

A number of other equities analysts also recently commented on KDK. Wall Street Zen downgraded shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Oppenheimer began coverage on shares of Kodiak AI in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $9.00 price objective on the stock. Weiss Ratings lowered shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Needham & Company LLC started coverage on shares of Kodiak AI in a research report on Wednesday. They set a “buy” rating and a $8.00 target price for the company. Finally, Citigroup restated a “buy” rating on shares of Kodiak AI in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.89.

Kodiak AI Trading Down 1.6%

Shares of NASDAQ KDK opened at $3.74 on Wednesday. Kodiak AI has a 12-month low of $3.48 and a 12-month high of $11.42. The stock’s fifty day simple moving average is $4.21 and its two-hundred day simple moving average is $6.38. The stock has a market capitalization of $750.32 million, a PE ratio of -0.79 and a beta of 0.42.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The firm had revenue of $3.50 million during the quarter. On average, equities analysts predict that Kodiak AI will post -0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kodiak AI

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new position in shares of Kodiak AI in the 4th quarter valued at $44,000. JPMorgan Chase & Co. purchased a new stake in shares of Kodiak AI in the 3rd quarter valued at $36,000. Ieq Capital LLC acquired a new stake in shares of Kodiak AI in the fourth quarter worth $186,000. XTX Topco Ltd acquired a new stake in shares of Kodiak AI in the fourth quarter worth $188,000. Finally, Cannon Global Investment Management LLC acquired a new stake in Kodiak AI during the first quarter worth about $119,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

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.