Kardigan, Inc. (NASDAQ:KARD – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $42.25.
Several research analysts recently weighed in on the stock. TD Cowen began coverage on shares of Kardigan in a research report on Monday, July 13th. They issued a “buy” rating and a $46.00 price objective on the stock. Leerink Partners initiated coverage on shares of Kardigan in a research report on Monday, July 13th. They set an “outperform” rating and a $37.00 target price for the company. Jefferies Financial Group began coverage on shares of Kardigan in a research note on Monday, July 13th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Kardigan from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, August 25th. Finally, Zacks Research raised shares of Kardigan to a “hold” rating in a report on Wednesday, July 15th.
Read Our Latest Stock Analysis on KARD
Kardigan Stock Performance
Kardigan (NASDAQ:KARD – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($4.61) earnings per share for the quarter. Research analysts forecast that Kardigan will post -3.41 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in Kardigan during the second quarter valued at about $119,000. Squarepoint Ops LLC bought a new stake in Kardigan during the second quarter worth about $247,000. Alyeska Investment Group L.P. purchased a new position in shares of Kardigan in the 2nd quarter worth about $716,000. Bank of America Corp DE purchased a new position in shares of Kardigan in the 2nd quarter worth about $1,283,000. Finally, Citadel Advisors LLC purchased a new position in shares of Kardigan in the 2nd quarter worth about $2,862,000.
About Kardigan
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