Kodiak AI’s (KDK) Buy Rating Reiterated at Chardan Capital

Chardan Capital restated their buy rating on shares of Kodiak AI (NASDAQ:KDK) in a research note published on Thursday morning,Benzinga reports. Chardan Capital currently has a $4.50 price target on the stock.

Several other research analysts have also commented on KDK. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kodiak AI in a research report on Monday, September 28th. Zacks Research raised Kodiak AI from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 14th. Oppenheimer initiated coverage on Kodiak AI in a report on Tuesday, August 25th. They issued an “outperform” rating and a $9.00 price objective for the company. Citigroup restated a “buy” rating on shares of Kodiak AI in a research report on Wednesday, August 19th. Finally, Needham & Company LLC began coverage on shares of Kodiak AI in a report on Wednesday, September 9th. They issued a “buy” rating and a $8.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.69.

Kodiak AI Stock Performance

KDK opened at $1.22 on Thursday. The business’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $5.99. Kodiak AI has a one year low of $0.96 and a one year high of $11.35. The stock has a market capitalization of $244.76 million, a P/E ratio of -0.26 and a beta of 0.60.

Kodiak AI (NASDAQ:KDK) last posted its earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The firm had revenue of $3.50 million during the quarter. On average, equities research analysts forecast that Kodiak AI will post -0.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Kodiak AI

Several institutional investors have recently bought and sold shares of KDK. The Manufacturers Life Insurance Company acquired a new position in shares of Kodiak AI during the first quarter worth about $125,000. HighTower Advisors LLC purchased a new position in Kodiak AI during the second quarter worth about $121,000. Royal Bank of Canada raised its holdings in Kodiak AI by 502.2% during the first quarter. Royal Bank of Canada now owns 24,689 shares of the company’s stock worth $171,000 after purchasing an additional 20,589 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Kodiak AI in the second quarter valued at about $130,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Kodiak AI in the third quarter valued at about $59,000. 72.95% of the stock is owned by institutional investors and hedge funds.

Kodiak AI Company Profile

Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company’s platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.

Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.