Kardigan, Inc. (NASDAQ:KARD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kardigan, Inc. (NASDAQ:KARD) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $42.25.

KARD has been the subject of a number of research analyst reports. Wall Street Zen downgraded Kardigan from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. cut their price objective on Kardigan from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, August 25th. TD Cowen began coverage on Kardigan in a research note on Monday, July 13th. They issued a “buy” rating and a $46.00 price objective on the stock. Zacks Research raised shares of Kardigan to a “hold” rating in a research report on Wednesday, July 15th. Finally, Leerink Partners started coverage on shares of Kardigan in a report on Monday, July 13th. They issued an “outperform” rating and a $37.00 price target on the stock.

Kardigan Price Performance

NASDAQ KARD opened at $13.49 on Wednesday. The stock’s 50-day simple moving average is $18.94. Kardigan has a twelve month low of $12.52 and a twelve month high of $27.00. The stock has a market capitalization of $1.26 billion and a P/E ratio of -4.68.

Kardigan (NASDAQ:KARD) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($4.61) earnings per share for the quarter. Sell-side analysts predict that Kardigan will post -3.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Kardigan

Several large investors have recently made changes to their positions in KARD. Squarepoint Ops LLC purchased a new position in Kardigan in the second quarter valued at about $247,000. Citadel Advisors LLC purchased a new position in Kardigan in the 2nd quarter worth approximately $2,862,000. Braidwell LP purchased a new position in Kardigan in the 2nd quarter worth approximately $7,155,000. Montanova Capital LLC acquired a new stake in Kardigan in the second quarter valued at approximately $9,540,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Kardigan in the second quarter valued at approximately $716,000.

Kardigan Company Profile