Kodiak AI, Inc. (NASDAQ:KDK) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is “Moderate Buy”: Seven of 10 analysts rate Kodiak AI a buy, two a hold and one a sell; the average one-year price target is $9.19.
• Kodiak AI reported quarterly EPS of $0.09, beating analyst expectations of a $0.25 loss, on revenue of $2.97 million.
• The shares opened at $1.45, below their 50-day average of $2.23 and 200-day average of $5.74; the stock’s 52-week range is $0.95–$11.35.

Kodiak AI, Inc. (NASDAQ:KDK - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $9.19.

A number of research analysts have recently issued reports on KDK shares. Oppenheimer began coverage on shares of Kodiak AI in a research note on Tuesday, August 25th. They set an "outperform" rating and a $9.00 price target on the stock. Zacks Research raised shares of Kodiak AI from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 14th. Cantor Fitzgerald restated an "overweight" rating on shares of Kodiak AI in a research report on Monday, September 28th. Morgan Stanley initiated coverage on Kodiak AI in a report on Friday, September 11th. They issued an "equal weight" rating and a $9.00 price objective on the stock. Finally, Citigroup reiterated a "buy" rating on shares of Kodiak AI in a research report on Wednesday, August 19th.

Kodiak AI Price Performance

Shares of NASDAQ KDK opened at $1.45 on Tuesday. The stock has a fifty day moving average price of $2.23 and a 200 day moving average price of $5.74. Kodiak AI has a 1-year low of $0.95 and a 1-year high of $11.35. The company has a market cap of $290.90 million, a PE ratio of -1.99 and a beta of 0.75.

Kodiak AI (NASDAQ:KDK - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.34. The firm had revenue of $2.97 million for the quarter. Analysts anticipate that Kodiak AI will post -0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new position in Kodiak AI in the second quarter worth $19,538,000. BlackRock Inc. acquired a new stake in Kodiak AI in the second quarter valued at $9,073,000. Amova Asset Management Americas Inc. boosted its position in shares of Kodiak AI by 112.5% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company's stock worth $11,628,000 after purchasing an additional 888,480 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Kodiak AI by 112.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company's stock worth $11,645,000 after purchasing an additional 888,480 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Kodiak AI during the 2nd quarter worth $1,276,000. Institutional investors and hedge funds own 72.95% of the company's stock.

About Kodiak AI

Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company's platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.

Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.