Kodiak AI, Inc. (KDK) - What Are Analysts Saying About This Stock?

Key Points

• Analyst sentiment is moderately positive: Eleven analysts give Kodiak AI an average “Moderate Buy” rating, with seven buys, one strong buy, one hold and two sells. The average 12-month price target is $10.89.
• The stock has fallen sharply and remains unprofitable: Shares opened at $1.59, near the 52-week low of $1.51 versus a high of $11.35. Kodiak AI reported a quarterly loss of $0.50 per share, missing the consensus estimate of a $0.17 loss, on $3.50 million in revenue.
• Institutional ownership is substantial: Hedge funds and other institutional investors own approximately 72.95% of the company, with recent purchases from Alyeska Investment Group and BlackRock among others.

Kodiak AI, Inc. (NASDAQ:KDK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.89.

KDK has been the topic of a number of recent research reports. Weiss Ratings cut shares of Kodiak AI from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, July 17th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Kodiak AI in a report on Monday, September 28th. Morgan Stanley assumed coverage on shares of Kodiak AI in a research note on Friday, September 11th. They issued an "equal weight" rating and a $9.00 price objective for the company. Wall Street Zen cut shares of Kodiak AI from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Finally, Citigroup reiterated a "buy" rating on shares of Kodiak AI in a research report on Wednesday, August 19th.

Kodiak AI Stock Performance

Shares of Kodiak AI stock opened at $1.59 on Friday. Kodiak AI has a 52-week low of $1.51 and a 52-week high of $11.35. The stock's 50-day simple moving average is $3.21 and its 200 day simple moving average is $5.39. The stock has a market capitalization of $318.99 million, a P/E ratio of -0.34 and a beta of 0.60.

Kodiak AI (NASDAQ:KDK - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The business had revenue of $3.50 million for the quarter. Equities research analysts forecast that Kodiak AI will post -0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. bought a new stake in shares of Kodiak AI during the second quarter valued at about $19,538,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Kodiak AI by 112.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company's stock worth $11,645,000 after buying an additional 888,480 shares in the last quarter. Amova Asset Management Americas Inc. boosted its position in shares of Kodiak AI by 112.5% in the first quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company's stock valued at $11,628,000 after acquiring an additional 888,480 shares during the period. BlackRock Inc. bought a new position in shares of Kodiak AI in the second quarter valued at approximately $9,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Kodiak AI during the second quarter valued at approximately $1,276,000. Hedge funds and other institutional investors own 72.95% of the company's stock.

About Kodiak AI

Kodiak AI, Inc develops autonomous vehicle technology designed primarily for the trucking and logistics industries. Its platform is intended to enable autonomous operation of heavy-duty commercial vehicles, with an emphasis on improving transportation safety, efficiency and reliability.

The company's technology includes the Kodiak Driver, an autonomous driving system that combines sensors, onboard computing and artificial-intelligence software to perceive road conditions, plan routes and control vehicles.

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