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

Kodiak AI, Inc. (NASDAQ:KDK) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.90.

Several research firms have recently issued reports on KDK. Wall Street Zen cut Kodiak AI to a “strong sell” rating in a report on Friday, November 28th. Chardan Capital reissued a “buy” rating and issued a $22.00 price target on shares of Kodiak AI in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. Zacks Research raised shares of Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. Finally, Citigroup started coverage on shares of Kodiak AI in a report on Monday, October 20th. They issued a “buy” rating and a $13.50 target price for the company.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Kodiak AI in the 3rd quarter worth about $36,000. Farther Finance Advisors LLC acquired a new stake in Kodiak AI during the 4th quarter worth approximately $78,000. Curated Wealth Partners LLC acquired a new stake in Kodiak AI during the 4th quarter worth approximately $649,000. Barclays PLC purchased a new position in Kodiak AI in the third quarter valued at approximately $830,000. Finally, UBS Group AG acquired a new position in Kodiak AI during the third quarter valued at approximately $1,059,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Price Performance

Kodiak AI stock opened at $9.15 on Friday. The firm has a market cap of $1.66 billion, a PE ratio of -26.91 and a beta of -0.40. Kodiak AI has a 12-month low of $5.43 and a 12-month high of $11.62. The business’s 50-day moving average price is $9.12.

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.