Kodiak AI, Inc. (NASDAQ:KDK) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Shares of Kodiak AI have a consensus analyst rating of Moderate Buy from seven firms (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 12‑month price target of $15.70.
• In the latest quarter Kodiak AI reported a loss of ($0.22) EPS, missing estimates by $0.06 while revenue of $1.05M beat expectations; the stock opened at $6.91 and the company has a market cap of $1.26B with a 52‑week range of $5.43–$11.62.
• Institutional investors own about 72.95% of the company, with new stakes disclosed from ARK Investment Management, JPMorgan Chase, Amova Asset Management, Barclays and UBS.

Shares of Kodiak AI, Inc. (NASDAQ:KDK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research 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 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.70.

KDK has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kodiak AI in a research note on Monday, December 29th. Chardan Capital reaffirmed a "buy" rating and set a $22.00 price target on shares of Kodiak AI in a report on Wednesday, March 25th. Finally, TD Cowen lowered their price objective on shares of Kodiak AI from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, March 12th.

Institutional Trading of Kodiak AI

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Kodiak AI during the 3rd quarter worth $36,000. ARK Investment Management LLC acquired a new stake in shares of Kodiak AI in the third quarter valued at about $6,290,000. Amova Asset Management Americas Inc. acquired a new stake in shares of Kodiak AI in the third quarter valued at about $4,228,000. Barclays PLC purchased a new stake in Kodiak AI during the third quarter worth about $830,000. Finally, UBS Group AG purchased a new stake in Kodiak AI during the third quarter worth about $1,059,000. Hedge funds and other institutional investors own 72.95% of the company's stock.

Kodiak AI Price Performance

Shares of KDK opened at $6.91 on Monday. Kodiak AI has a fifty-two week low of $5.43 and a fifty-two week high of $11.62. The firm has a market capitalization of $1.26 billion, a P/E ratio of -10.47 and a beta of -0.33. The business's 50-day simple moving average is $8.62.

Kodiak AI (NASDAQ:KDK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $1.05 million during the quarter, compared to analysts' expectations of $0.52 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.

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