Kodiak AI’s (KDK) “Buy” Rating Reaffirmed at Chardan Capital

Kodiak AI (NASDAQ:KDKGet Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Chardan Capital in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $12.00 price target on the stock. Chardan Capital’s price objective points to a potential upside of 208.48% from the company’s previous close.

A number of other research analysts have also recently weighed in on KDK. Needham & Company LLC started coverage on shares of Kodiak AI in a report on Wednesday. They issued a “buy” rating and a $8.00 price objective for the company. Oppenheimer initiated coverage on Kodiak AI in a research report on Tuesday, August 25th. They set an “outperform” rating and a $9.00 price target on the stock. Craig Hallum assumed coverage on Kodiak AI in a research report on Monday, June 15th. They issued a “buy” rating and a $12.00 price objective for the company. Weiss Ratings cut shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Finally, Citigroup restated a “buy” rating on shares of Kodiak AI in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.12.

View Our Latest Stock Analysis on KDK

Kodiak AI Trading Up 1.8%

Shares of NASDAQ:KDK opened at $3.89 on Wednesday. Kodiak AI has a 12-month low of $3.48 and a 12-month high of $11.43. The company has a market capitalization of $780.41 million, a PE ratio of -0.83 and a beta of 0.42. The business has a 50 day moving average of $4.30 and a two-hundred day moving average of $6.47.

Kodiak AI (NASDAQ:KDKGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The firm had revenue of $3.50 million for the quarter. Equities research analysts predict that Kodiak AI will post -0.63 earnings per share for the current fiscal year.

Institutional Trading of Kodiak AI

A number of hedge funds have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new stake in shares of Kodiak AI in the second quarter valued at approximately $19,538,000. ARK Investment Management LLC raised its stake in Kodiak AI by 190.3% during the fourth quarter. ARK Investment Management LLC now owns 2,669,456 shares of the company’s stock worth $29,150,000 after purchasing an additional 1,749,863 shares during the period. Rokos Capital Management US LP purchased a new stake in shares of Kodiak AI in the 3rd quarter valued at approximately $14,185,000. BlackRock Inc. acquired a new stake in shares of Kodiak AI during the 2nd quarter worth approximately $9,073,000. Finally, Amova Asset Management Americas Inc. raised its position in shares of Kodiak AI by 112.5% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock valued at $11,628,000 after buying an additional 888,480 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Company Profile

(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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