Kodiak AI, Inc. (NASDAQ:KDK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Kodiak AI, Inc. (NASDAQ:KDKGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.00.

Several equities research analysts have issued reports on KDK shares. Northland Securities set a $11.00 price objective on shares of Kodiak AI in a research note on Monday, May 11th. Chardan Capital reduced their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen cut shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Craig Hallum started coverage on shares of Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Kodiak AI in a report on Wednesday, August 19th.

Get Our Latest Research Report on KDK

Institutional Investors Weigh In On Kodiak AI

A number of large investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new position in Kodiak AI during the 2nd quarter worth approximately $19,538,000. Rokos Capital Management US LP acquired a new stake in Kodiak AI in the third quarter valued at approximately $14,185,000. BlackRock Inc. acquired a new stake in Kodiak AI in the second quarter valued at approximately $9,073,000. ARK Investment Management LLC raised its stake in shares of Kodiak AI by 190.3% during the fourth quarter. ARK Investment Management LLC now owns 2,669,456 shares of the company’s stock valued at $29,150,000 after purchasing an additional 1,749,863 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Kodiak AI by 725.0% during the fourth quarter. Geode Capital Management LLC now owns 1,213,179 shares of the company’s stock valued at $13,254,000 after purchasing an additional 1,066,128 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Stock Performance

Shares of NASDAQ:KDK opened at $3.95 on Thursday. The stock has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $6.79. The stock has a market capitalization of $792.45 million, a P/E ratio of -0.84 and a beta of 0.45. Kodiak AI has a 1 year low of $3.76 and a 1 year high of $11.44.

Kodiak AI (NASDAQ:KDKGet Free Report) last posted 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 company had revenue of $3.50 million for the quarter. Analysts predict that Kodiak AI will post -0.63 earnings per share for the current year.

About Kodiak AI

(Get Free Report)

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.

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Analyst Recommendations for Kodiak AI (NASDAQ:KDK)

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