Kardigan (NASDAQ:KARD) Stock Rated Overweight in New Coverage at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald initiated coverage on shares of Kardigan (NASDAQ:KARD) in a research note issued to investors on Thursday, Briefing.com reports. The firm set an “overweight” rating and a $50.00 price target on the stock. Cantor Fitzgerald‘s price target would indicate a potential upside of 264.17% from the company’s previous close.

KARD has been the topic of several other research reports. UBS Group initiated coverage on Kardigan in a report on Monday, October 12th. They issued a “buy” rating and a $25.00 target price on the stock. Robert W. Baird began coverage on shares of Kardigan in a research note on Wednesday, October 21st. They issued an “outperform” rating and a $43.00 price objective on the stock. Zacks Research raised Kardigan to a “hold” rating in a report on Wednesday, July 15th. Jefferies Financial Group assumed coverage on Kardigan in a research report on Monday, July 13th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Kardigan from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kardigan has an average rating of “Moderate Buy” and an average target price of $41.00.

Kardigan Stock Up 1.0%

Shares of Kardigan stock opened at $13.73 on Thursday. The stock has a market cap of $1.28 billion and a PE ratio of -4.77. The firm’s 50-day moving average price is $16.61. Kardigan has a 12 month low of $12.23 and a 12 month high of $27.00.

Kardigan (NASDAQ:KARD) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($4.61) earnings per share (EPS) for the quarter. Equities research analysts anticipate that Kardigan will post -3.41 EPS for the current year.

Institutional Investors Weigh In On Kardigan

A number of large investors have recently modified their holdings of KARD. China Universal Asset Management Co. Ltd. purchased a new position in shares of Kardigan during the 3rd quarter valued at approximately $47,000. Legal & General Group Plc bought a new stake in Kardigan during the 2nd quarter valued at $119,000. Squarepoint Ops LLC bought a new stake in Kardigan during the second quarter worth approximately $247,000. Alyeska Investment Group L.P. bought a new position in shares of Kardigan during the 2nd quarter valued at about $716,000. Finally, Bank of America Corp DE purchased a new stake in shares of Kardigan during the second quarter valued at $1,283,000.

Kardigan Company Profile