Kodiak AI (NASDAQ:KDK – Get Free Report) had its target price dropped by equities researchers at Chardan Capital to $4.50 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Chardan Capital‘s target price points to a potential upside of 332.69% from the company’s current price.
KDK has been the subject of several other research reports. Zacks Research raised shares of Kodiak AI from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. Morgan Stanley began coverage on shares of Kodiak AI in a report on Friday, September 11th. They issued an “equal weight” rating and a $9.00 price objective on the stock. Citigroup reaffirmed a “buy” rating on shares of Kodiak AI in a research report on Wednesday, August 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kodiak AI in a report on Thursday, October 15th. Finally, Wall Street Zen downgraded shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.69.
View Our Latest Stock Analysis on Kodiak AI
Kodiak AI Stock Performance
Shares of Kodiak AI stock traded down $0.12 during trading hours on Thursday, hitting $1.04. The company’s stock had a trading volume of 4,968,246 shares, compared to its average volume of 1,595,339. The stock has a market cap of $208.64 million, a price-to-earnings 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. The firm has a fifty day moving average of $2.95 and a 200-day moving average of $5.23.
Kodiak AI (NASDAQ:KDK – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.50 million during the quarter. On average, sell-side analysts expect that Kodiak AI will post -0.93 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Kodiak AI
Hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new stake in Kodiak AI during the 2nd quarter worth approximately $19,538,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Kodiak AI by 112.5% during the 1st 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. Amova Asset Management Americas Inc. lifted its holdings in 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 worth $11,628,000 after buying an additional 888,480 shares in the last quarter. BlackRock Inc. acquired a new stake in Kodiak AI during the 2nd quarter worth approximately $9,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Kodiak AI during the 2nd quarter worth approximately $1,276,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.
Kodiak AI Company Profile
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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