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

Key Points

• Analysts have a consensus recommendation of Moderate Buy on Kodiak AI from seven firms (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 12‑month price target of $15.70.
• The stock opened at $8.88 (down ~4.5%), has a market cap of about $1.62B and a 12‑month range of $5.43–$11.62; the company missed quarterly EPS (loss $0.22 vs. $0.16 expected) despite revenue beating estimates, and analysts forecast a -$0.79 EPS for the year.
• Kodiak AI is a Cayman‑incorporated blank check company that has not selected a business combination target, and institutional investors hold roughly 72.95% of the shares.

Shares of Kodiak AI, Inc. (NASDAQ:KDK - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.70.

A number of equities analysts have commented on KDK shares. Chardan Capital reiterated a "buy" rating and issued a $22.00 target price on shares of Kodiak AI in a report on Wednesday, March 25th. TD Cowen reduced their target price on shares of Kodiak AI from $14.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, March 12th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Kodiak AI in a report on Friday, March 27th.

Kodiak AI Trading Down 4.5%

Shares of Kodiak AI stock opened at $8.88 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of -13.45 and a beta of -0.01. Kodiak AI has a 12 month low of $5.43 and a 12 month high of $11.62. The stock's fifty day moving average price is $8.27 and its 200-day moving average price is $8.44.

Kodiak AI (NASDAQ:KDK - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate 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. Analysts forecast that Kodiak AI will post -0.79 earnings per share for the current year.

Institutional Investors Weigh In On Kodiak AI

Several institutional investors have recently added to or reduced their stakes in the business. Cannon Global Investment Management LLC acquired a new stake in Kodiak AI in the first quarter worth about $119,000. Connective Capital Management LLC acquired a new stake in Kodiak AI in the fourth quarter worth about $435,000. XTX Topco Ltd acquired a new stake in Kodiak AI in the fourth quarter worth about $188,000. Squarepoint Ops LLC acquired a new stake in Kodiak AI in the fourth quarter worth about $282,000. Finally, Parkside Financial Bank & Trust acquired a new stake in Kodiak AI in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 72.95% of the company's stock.

About Kodiak AI

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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