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

Kodiak AI, Inc. (NASDAQ:KDK) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.00.

Several research analysts have weighed in on the company. Chardan Capital cut their price target on Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 8th. Oppenheimer began coverage on Kodiak AI in a research report on Tuesday. They issued an “outperform” rating and a $9.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Kodiak AI in a research note on Wednesday, August 19th. Craig Hallum started coverage on Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Northland Securities set a $11.00 price target on Kodiak AI in a research note on Monday, May 11th.

Kodiak AI Price Performance

Shares of NASDAQ KDK opened at $3.95 on Thursday. The company has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $6.79. The company has a market cap of $792.45 million, a PE ratio of -0.84 and a beta of 0.45. Kodiak AI has a 12 month low of $3.76 and a 12 month high of $11.44.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The company had revenue of $3.50 million for the quarter. On average, analysts anticipate that Kodiak AI will post -0.63 EPS for the current year.

Hedge Funds Weigh In On Kodiak AI

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in Kodiak AI during the third quarter worth approximately $36,000. Barclays PLC purchased a new stake in shares of Kodiak AI during the 3rd quarter valued at $830,000. UBS Group AG purchased a new stake in shares of Kodiak AI during the 3rd quarter valued at $1,059,000. Rokos Capital Management US LP acquired a new stake in shares of Kodiak AI during the 3rd quarter worth $14,185,000. Finally, AQR Arbitrage LLC acquired a new stake in shares of Kodiak AI during the 3rd quarter worth $4,802,000. 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.