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

Kodiak AI, Inc. (NASDAQ:KDK) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.90.

A number of research firms have weighed in on KDK. Northland Securities set a $17.00 price target on shares of Kodiak AI in a research note on Thursday, October 30th. Zacks Research raised Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen downgraded Kodiak AI to a “strong sell” rating in a research report on Friday, November 28th. TD Cowen initiated coverage on Kodiak AI in a research note on Monday, November 10th. They set a “buy” rating and a $14.00 price target for the company. Finally, Cantor Fitzgerald began coverage on Kodiak AI in a report on Monday, October 20th. They issued an “overweight” rating and a $13.00 price objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KDK. Meteora Capital LLC purchased a new position in Kodiak AI in the third quarter valued at about $3,924,000. AQR Arbitrage LLC acquired a new position in shares of Kodiak AI in the 3rd quarter valued at approximately $4,802,000. Rokos Capital Management US LP acquired a new position in shares of Kodiak AI in the 3rd quarter valued at approximately $14,185,000. UBS Group AG acquired a new stake in shares of Kodiak AI during the third quarter worth approximately $1,059,000. Finally, Barclays PLC bought a new stake in shares of Kodiak AI in the third quarter worth $830,000. 72.95% of the stock is owned by institutional investors and hedge funds.

Kodiak AI Trading Up 10.6%

Shares of NASDAQ KDK opened at $10.32 on Friday. The business’s 50-day moving average price is $7.63. The stock has a market capitalization of $1.87 billion, a P/E ratio of -30.35 and a beta of -0.04. Kodiak AI has a 12 month low of $5.43 and a 12 month high of $11.62.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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.

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. 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.