Kodiak AI, Inc. (NASDAQ:KDK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Kodiak AI, Inc. (NASDAQ:KDK) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research 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 12 month price objective among brokers that have covered the stock in the last year is $15.90.

A number of research analysts have recently weighed in on KDK shares. Zacks Research raised Kodiak AI to a “hold” rating in a report on Tuesday, October 21st. Northland Securities set a $17.00 price target on shares of Kodiak AI in a report on Thursday, October 30th. Northland Capmk raised shares of Kodiak AI to a “strong-buy” rating in a research report on Wednesday, October 29th. Chardan Capital reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Kodiak AI in a report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th.

Institutional Trading of Kodiak AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rokos Capital Management US LP acquired a new stake in shares of Kodiak AI during the 3rd quarter valued at about $14,185,000. ARK Investment Management LLC acquired a new stake in Kodiak AI in the third quarter valued at approximately $6,290,000. AQR Arbitrage LLC acquired a new stake in Kodiak AI in the third quarter valued at approximately $4,802,000. Amova Asset Management Americas Inc. purchased a new stake in shares of Kodiak AI in the third quarter valued at approximately $4,228,000. Finally, Meteora Capital LLC acquired a new position in shares of Kodiak AI during the 3rd quarter worth approximately $3,924,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Price Performance

NASDAQ:KDK opened at $9.39 on Wednesday. The stock has a market capitalization of $1.70 billion, a PE ratio of -27.62 and a beta of -0.41. The company’s 50 day moving average price is $8.23. Kodiak AI has a 52 week low of $5.43 and a 52 week high of $11.62.

Kodiak AI (NASDAQ:KDK) last issued its quarterly 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 business 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.