Kodiak AI, Inc. (NASDAQ:KDK) Receives $15.90 Consensus Target Price from Analysts

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.90.

Several research firms recently issued reports on KDK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a report on Monday, December 29th. Citigroup started coverage on shares of Kodiak AI in a research note on Monday, October 20th. They issued a “buy” rating and a $13.50 target price on the stock. Chardan Capital reissued a “buy” rating and set a $22.00 price target on shares of Kodiak AI in a research note on Thursday, November 13th. Northland Capmk upgraded shares of Kodiak AI to a “strong-buy” rating in a research report on Wednesday, October 29th. Finally, TD Cowen assumed coverage on Kodiak AI in a research note on Monday, November 10th. They issued a “buy” rating and a $14.00 price target on the stock.

Hedge Funds Weigh In On Kodiak AI

Institutional investors have recently modified their holdings of the stock. Rokos Capital Management US LP bought a new stake in shares of Kodiak AI in the 3rd quarter valued at about $14,185,000. ARK Investment Management LLC acquired a new position in Kodiak AI during the third quarter valued at approximately $6,290,000. AQR Arbitrage LLC bought a new stake in Kodiak AI in the third quarter valued at approximately $4,802,000. Amova Asset Management Americas Inc. acquired a new stake in Kodiak AI in the third quarter worth $4,228,000. Finally, Meteora Capital LLC bought a new position in shares of Kodiak AI during the third quarter worth $3,924,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak AI Trading Up 5.0%

Shares of Kodiak AI stock opened at $9.95 on Wednesday. The firm has a 50 day moving average of $8.35. Kodiak AI has a fifty-two week low of $5.43 and a fifty-two week high of $11.62. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -29.26 and a beta of -0.41.

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

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.