Kodiak AI, Inc. (NASDAQ:KDK) Receives Average Rating of “Moderate Buy” from Analysts

Kodiak AI, Inc. (NASDAQ:KDK) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.90.

KDK has been the topic of several recent research reports. Northland Securities set a $17.00 price target on Kodiak AI in a research report on Thursday, October 30th. Chardan Capital reissued a “buy” rating and set a $22.00 target price on shares of Kodiak AI in a research report on Thursday, November 13th. Citigroup began coverage on shares of Kodiak AI in a report on Monday, October 20th. They set a “buy” rating and a $13.50 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st.

Kodiak AI Trading Up 4.8%

Shares of Kodiak AI stock opened at $9.15 on Friday. Kodiak AI has a twelve month low of $5.43 and a twelve month high of $11.62. The stock has a market cap of $1.66 billion, a PE ratio of -26.91 and a beta of -0.40. The business’s fifty day simple moving average is $9.12.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.33). The business had revenue of $0.77 million during the quarter, compared to the consensus estimate of $0.50 million.

Institutional Investors Weigh In On Kodiak AI

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of Kodiak AI in the 3rd quarter valued at approximately $36,000. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI in the fourth quarter worth $78,000. Curated Wealth Partners LLC acquired a new stake in Kodiak AI in the fourth quarter valued at $649,000. Barclays PLC bought a new position in Kodiak AI during the 3rd quarter valued at $830,000. Finally, UBS Group AG bought a new position in Kodiak AI during the 3rd quarter valued at $1,059,000. 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.