Kodiak AI, Inc. (NASDAQ:KDK) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Kodiak AI, Inc. (NASDAQ:KDK – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.90.

Several research firms have recently weighed in on KDK. Weiss Ratings reissued a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday. Cantor Fitzgerald started coverage on Kodiak AI in a research report on Monday, October 20th. They issued an “overweight” rating and a $13.00 price target for the company. Zacks Research raised Kodiak AI to a “hold” rating in a research note on Tuesday, October 21st. Wall Street Zen lowered shares of Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Finally, Northland Capmk raised shares of Kodiak AI to a “strong-buy” rating in a research report on Wednesday, October 29th.

View Our Latest Stock Analysis on KDK

Kodiak AI Price Performance

Shares of KDK opened at $10.44 on Friday. The stock has a 50 day simple moving average of $7.72. Kodiak AI has a 12-month low of $5.43 and a 12-month high of $11.62. The firm has a market cap of $1.89 billion, a PE ratio of -30.71 and a beta of -0.04.

Kodiak AI (NASDAQ:KDK – Get Free Report) last issued its earnings results on Wednesday, November 12th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.33). The company had revenue of $0.77 million for the quarter, compared to analysts’ expectations of $0.50 million.

Institutional Trading of Kodiak AI

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of Kodiak AI in the third quarter worth $36,000. Barclays PLC acquired a new stake in Kodiak AI during the 3rd quarter worth about $830,000. UBS Group AG acquired a new stake in Kodiak AI during the 3rd quarter worth about $1,059,000. Meteora Capital LLC purchased a new position in Kodiak AI during the 3rd quarter valued at about $3,924,000. Finally, Amova Asset Management Americas Inc. acquired a new position in shares of Kodiak AI in the 3rd quarter valued at about $4,228,000. 72.95% of the stock is owned by institutional investors and hedge funds.

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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