Kodiak AI (NASDAQ:KDK) Earns Buy Rating from Chardan Capital

Kodiak AI (NASDAQ:KDK – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Chardan Capital in a report released on Friday, Benzinga reports. They currently have a $12.00 target price on the stock. Chardan Capital’s target price would suggest a potential upside of 406.97% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Zacks Research cut Kodiak AI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Citigroup reiterated a “buy” rating on shares of Kodiak AI in a research note on Wednesday, August 19th. Weiss Ratings downgraded Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Morgan Stanley began coverage on Kodiak AI in a research note on Friday, September 11th. They issued an “equal weight” rating and a $9.00 price objective on the stock. Finally, Wall Street Zen downgraded Kodiak AI from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.89.

Get Our Latest Stock Report on Kodiak AI

Kodiak AI Stock Down 14.9%

KDK stock traded down $0.41 during mid-day trading on Friday, reaching $2.37. 13,063,667 shares of the company traded hands, compared to its average volume of 1,007,004. The stock has a market cap of $474.87 million, a price-to-earnings ratio of -0.50 and a beta of 0.42. Kodiak AI has a fifty-two week low of $2.13 and a fifty-two week high of $11.35. The firm’s 50 day moving average price is $3.95 and its 200 day moving average price is $6.06.

Kodiak AI (NASDAQ:KDK – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The business had revenue of $3.50 million during the quarter. On average, analysts anticipate that Kodiak AI will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KDK. HighTower Advisors LLC bought a new position in Kodiak AI in the second quarter valued at $121,000. Alyeska Investment Group L.P. bought a new position in Kodiak AI in the second quarter valued at $19,538,000. Hsbc Holdings PLC bought a new position in Kodiak AI in the second quarter valued at $248,000. Bank of America Corp DE bought a new position in Kodiak AI in the second quarter valued at $586,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Kodiak AI during the second quarter valued at about $103,000. Institutional investors own 72.95% of the company’s stock.

About Kodiak AI

(Get Free Report)

Kodiak AI, Inc (NASDAQ: KDK) develops autonomous vehicle technology for the trucking and logistics industries. The company’s platform is designed to enable self-driving commercial trucks, with an emphasis on improving freight transportation safety, efficiency and reliability.

Its products and services include autonomous-driving software, vehicle systems and supporting hardware designed for long-haul trucking applications. Kodiak’s technology is intended to help commercial fleets operate vehicles with reduced dependence on human drivers, while supporting remote supervision, fleet management and deployment across defined freight routes.

The company was founded in 2018 as Kodiak Robotics by Don Burnett and has focused primarily on autonomous trucking in the United States.

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Analyst Recommendations for Kodiak AI (NASDAQ:KDK)

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