Kodiak AI (NASDAQ:KDK) Given Buy Rating at Chardan Capital

Kodiak AI (NASDAQ:KDK)‘s stock had its “buy” rating reaffirmed by investment analysts at Chardan Capital in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $22.00 price objective on the stock. Chardan Capital’s price target points to a potential upside of 223.53% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Northland Securities set a $17.00 price objective on shares of Kodiak AI in a report on Thursday, October 30th. Zacks Research raised Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. TD Cowen assumed coverage on Kodiak AI in a report on Monday. They issued a “buy” rating and a $14.00 price target for the company. Weiss Ratings began coverage on Kodiak AI in a report on Saturday, October 11th. They set a “sell (e+)” rating on the stock. Finally, Northland Capmk upgraded Kodiak AI to a “strong-buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.90.

Kodiak AI Stock Down 15.0%

Shares of KDK stock traded down $1.20 during trading hours on Thursday, reaching $6.80. 522,694 shares of the company’s stock were exchanged, compared to its average volume of 670,580. Kodiak AI has a fifty-two week low of $5.77 and a fifty-two week high of $11.62. The firm has a market cap of $420.65 million, a PE ratio of 26.15 and a beta of -0.18.

Kodiak AI (NASDAQ:KDK) last announced its earnings results on Wednesday, November 12th. The company reported ($0.49) earnings per share (EPS) 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 analyst estimates of $0.50 million.

Institutional Investors Weigh In On Kodiak AI

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Kodiak AI in the 3rd quarter valued at $36,000. ARK Investment Management LLC bought a new stake in Kodiak AI during the 3rd quarter worth about $6,290,000. Amova Asset Management Americas Inc. acquired a new stake in Kodiak AI in the 3rd quarter valued at about $4,228,000. Finally, Barclays PLC bought a new position in shares of Kodiak AI in the third quarter worth about $830,000. 72.95% of the stock is owned by institutional investors and hedge funds.

Kodiak AI Company Profile

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.