Robert W. Baird Upgrades Kardigan (NASDAQ:KARD) to “Strong-Buy”

Kardigan (NASDAQ:KARD) was upgraded by stock analysts at Robert W. Baird to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

KARD has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price objective on Kardigan from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 25th. Wall Street Zen cut shares of Kardigan from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Jefferies Financial Group began coverage on shares of Kardigan in a research note on Monday, July 13th. They issued a “buy” rating and a $40.00 target price for the company. Leerink Partners initiated coverage on shares of Kardigan in a report on Monday, July 13th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Weiss Ratings assumed coverage on shares of Kardigan in a research report on Monday, September 14th. They set a “sell (d)” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kardigan presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Kardigan Price Performance

Shares of KARD opened at $12.74 on Wednesday. The stock’s 50-day moving average is $17.21. The firm has a market cap of $1.19 billion and a P/E ratio of -4.42. Kardigan has a fifty-two week low of $12.23 and a fifty-two week high of $27.00.

Kardigan (NASDAQ:KARD) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($4.61) earnings per share (EPS) for the quarter. As a group, analysts predict that Kardigan will post -3.72 earnings per share for the current fiscal year.

Institutional Trading of Kardigan

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new position in shares of Kardigan during the 2nd quarter worth approximately $119,000. Squarepoint Ops LLC acquired a new stake in Kardigan in the 2nd quarter valued at $247,000. Alyeska Investment Group L.P. acquired a new stake in Kardigan in the 2nd quarter valued at $716,000. Bank of America Corp DE acquired a new stake in Kardigan in the 2nd quarter valued at $1,283,000. Finally, Citadel Advisors LLC acquired a new stake in Kardigan in the 2nd quarter valued at $2,862,000.

Kardigan Company Profile