Kardigan, Inc. (NASDAQ:KARD) Stock Has Consensus Price Target of $42.25 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Kardigan, with four buy ratings, one hold, and one sell. The average 12-month price target is $42.25, well above the stock’s $14.66 opening price.
• Kardigan shares have declined 0.8% and are trading near their one-year low of $13.75, compared with a 52-week high of $27.00.
• The company reported a quarterly loss of $4.61 per share, while analysts expect a full-year loss of approximately $3.41 per share. Several institutional investors, including Jupiter Topco and Montanova Capital, recently initiated sizable positions.

Shares of Kardigan, Inc. (NASDAQ:KARD - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.25.

Several research firms have weighed in on KARD. Jefferies Financial Group began coverage on shares of Kardigan in a research note on Monday, July 13th. They issued a "buy" rating and a $40.00 price target for the company. Wall Street Zen lowered shares of Kardigan from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings assumed coverage on Kardigan in a research note on Monday, September 14th. They set a "sell (d)" rating on the stock. TD Cowen started coverage on Kardigan in a report on Monday, July 13th. They issued a "buy" rating and a $46.00 price objective on the stock. Finally, Leerink Partners started coverage on Kardigan in a research note on Monday, July 13th. They issued an "outperform" rating and a $37.00 target price for the company.

Kardigan Trading Down 0.8%

KARD stock opened at $14.66 on Wednesday. Kardigan has a one year low of $13.75 and a one year high of $27.00. The business's 50 day simple moving average is $19.64.

Kardigan (NASDAQ:KARD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($4.61) earnings per share (EPS) for the quarter. On average, analysts anticipate that Kardigan will post -3.41 EPS for the current year.

Hedge Funds Weigh In On Kardigan

A number of large investors have recently bought and sold shares of KARD. Jupiter Topco LLC bought a new stake in Kardigan in the second quarter valued at approximately $17,715,000. Montanova Capital LLC bought a new position in shares of Kardigan in the second quarter worth approximately $9,540,000. Bank of New York Mellon Corp purchased a new position in shares of Kardigan in the second quarter worth $9,010,000. Braidwell LP purchased a new position in shares of Kardigan in the second quarter worth $7,155,000. Finally, Citadel Advisors LLC bought a new stake in Kardigan during the 2nd quarter valued at $2,862,000.

About Kardigan

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