Kodiak AI’s (KDK) “Buy” Rating Reaffirmed at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of Kodiak AI (NASDAQ:KDK) in a research report released on Wednesday,Benzinga reports. The brokerage currently has a $22.00 price objective on the stock.

A number of other brokerages have also commented on KDK. Wall Street Zen lowered Kodiak AI to a “strong sell” rating in a report on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. Finally, TD Cowen decreased their target price on Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

Kodiak AI Stock Performance

NASDAQ:KDK opened at $7.55 on Wednesday. Kodiak AI has a 52 week low of $5.43 and a 52 week high of $11.62. The company has a 50-day moving average price of $8.71. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -11.44 and a beta of -0.34.

Kodiak AI (NASDAQ:KDK) last announced its earnings results on Tuesday, March 10th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $0.52 million.

Institutional Investors Weigh In On Kodiak AI

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Kodiak AI in the third quarter valued at approximately $36,000. Parkside Financial Bank & Trust purchased a new stake in Kodiak AI in the fourth quarter worth $44,000. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI in the fourth quarter valued at $78,000. Ieq Capital LLC bought a new stake in shares of Kodiak AI in the fourth quarter valued at $186,000. Finally, XTX Topco Ltd purchased a new position in shares of Kodiak AI during the 4th quarter valued at $188,000. Institutional investors own 72.95% of the company’s stock.

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.