Kodiak AI (NASDAQ:KDK) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Kodiak AI (NASDAQ:KDK) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks reports.

Several other equities research analysts have also weighed in on KDK. Oppenheimer assumed coverage on Kodiak AI in a research note on Tuesday, August 25th. They set an “outperform” rating and a $9.00 price objective for the company. Morgan Stanley initiated coverage on Kodiak AI in a report on Friday, September 11th. They issued an “equal weight” rating and a $9.00 target price on the stock. Needham & Company LLC started coverage on Kodiak AI in a research report on Wednesday, September 9th. They set a “buy” rating and a $8.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kodiak AI in a report on Monday, September 28th. Finally, Wall Street Zen downgraded Kodiak AI from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.89.

Kodiak AI Stock Performance

Shares of NASDAQ:KDK opened at $1.59 on Wednesday. The stock has a market capitalization of $318.99 million, a price-to-earnings ratio of -0.34 and a beta of 0.60. Kodiak AI has a 1-year low of $1.51 and a 1-year high of $11.35. The company has a 50 day moving average price of $3.21 and a 200 day moving average price of $5.39.

Kodiak AI (NASDAQ:KDK) last posted its quarterly earnings results 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 business had revenue of $3.50 million for the quarter. On average, sell-side analysts expect that Kodiak AI will post -0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Curated Wealth Partners LLC purchased a new stake in Kodiak AI in the 3rd quarter worth about $114,000. HighTower Advisors LLC purchased a new position in Kodiak AI during the 2nd quarter valued at about $121,000. Alyeska Investment Group L.P. purchased a new position in Kodiak AI during the 2nd quarter valued at about $19,538,000. Hsbc Holdings PLC purchased a new position in Kodiak AI during the 2nd quarter valued at about $248,000. Finally, Bank of America Corp DE acquired a new position in shares of Kodiak AI in the 2nd quarter valued at about $586,000. 72.95% of the stock is owned by institutional investors and hedge funds.

About Kodiak AI

Kodiak AI, Inc develops autonomous vehicle technology designed primarily for the trucking and logistics industries. Its platform is intended to enable autonomous operation of heavy-duty commercial vehicles, with an emphasis on improving transportation safety, efficiency and reliability.

The company’s technology includes the Kodiak Driver, an autonomous driving system that combines sensors, onboard computing and artificial-intelligence software to perceive road conditions, plan routes and control vehicles.