Kodiak AI (NASDAQ:KDK – Get Free Report) had its price target cut by analysts at Chardan Capital to $4.50 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Chardan Capital‘s price target suggests a potential upside of 332.69% from the company’s current price.
Other research analysts have also issued research reports about the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kodiak AI in a research report on Monday, September 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kodiak AI in a report on Thursday, October 15th. Needham & Company LLC assumed coverage on shares of Kodiak AI in a research note on Wednesday, September 9th. They set a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen cut shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Finally, Oppenheimer initiated coverage on shares of Kodiak AI in a report on Tuesday, August 25th. They issued an “outperform” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kodiak AI currently has an average rating of “Moderate Buy” and a consensus target price of $9.69.
Get Our Latest Stock Analysis on KDK
Kodiak AI Price Performance
Shares of NASDAQ KDK traded down $0.12 during midday trading on Thursday, hitting $1.04. 4,968,143 shares of the company’s stock were exchanged, compared to its average volume of 1,595,339. The stock’s 50 day moving average price is $2.95 and its 200-day moving average price is $5.23. The firm has a market cap of $208.64 million, a P/E ratio of -0.22 and a beta of 0.60. Kodiak AI has a twelve month low of $1.03 and a twelve month high of $11.35.
Kodiak AI (NASDAQ:KDK – Get Free Report) last posted its 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 during the quarter. On average, analysts expect that Kodiak AI will post -0.93 EPS for the current fiscal year.
Hedge Funds Weigh In On Kodiak AI
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in Kodiak AI in the 2nd quarter valued at about $19,538,000. BlackRock Inc. acquired a new stake in Kodiak AI during the second quarter valued at approximately $9,073,000. Amova Asset Management Americas Inc. boosted its holdings in Kodiak AI by 112.5% during the first quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock worth $11,628,000 after buying an additional 888,480 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Kodiak AI by 112.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock worth $11,645,000 after buying an additional 888,480 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kodiak AI in the second quarter worth approximately $1,276,000. 72.95% of the stock is owned by institutional investors.
About Kodiak AI
Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company’s platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.
Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.
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