Kodiak AI, Inc. (NASDAQ:KDK) Receives $15.70 Consensus Target Price from Analysts

Kodiak AI, Inc. (NASDAQ:KDK) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.70.

A number of equities analysts recently commented on KDK shares. TD Cowen decreased their target price on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Chardan Capital reaffirmed a “buy” rating and set a $22.00 price objective on shares of Kodiak AI in a research note on Wednesday, March 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a report on Friday, March 27th.

Kodiak AI Stock Performance

Shares of KDK opened at $7.20 on Monday. Kodiak AI has a 1 year low of $5.43 and a 1 year high of $11.62. The stock has a 50 day moving average price of $8.45. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -10.91 and a beta of -0.01.

Kodiak AI (NASDAQ:KDK) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $0.52 million.

Hedge Funds Weigh In On Kodiak AI

A number of large investors have recently bought and sold shares of KDK. Connective Capital Management LLC bought a new stake in Kodiak AI in the fourth quarter valued at approximately $435,000. XTX Topco Ltd purchased a new position in shares of Kodiak AI in the fourth quarter worth $188,000. Squarepoint Ops LLC purchased a new position in shares of Kodiak AI in the fourth quarter worth $282,000. Parkside Financial Bank & Trust bought a new stake in Kodiak AI during the 4th quarter valued at $44,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Kodiak AI during the 4th quarter valued at $6,831,000. 72.95% of the stock is owned by hedge funds and other institutional investors.

About Kodiak AI

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.