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

Kodiak AI, Inc. (NASDAQ:KDK) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.70.

A number of research analysts have issued reports on KDK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Kodiak AI in a research note on Friday, March 27th. TD Cowen cut their price target on Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Chardan Capital reiterated a “buy” rating and set a $22.00 price objective on shares of Kodiak AI in a research report on Wednesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust bought a new position in shares of Kodiak AI in the fourth quarter worth $44,000. JPMorgan Chase & Co. acquired a new stake in Kodiak AI in the third quarter worth about $36,000. Farther Finance Advisors LLC acquired a new stake in Kodiak AI in the fourth quarter worth about $78,000. Ieq Capital LLC bought a new position in Kodiak AI in the 4th quarter valued at about $186,000. Finally, XTX Topco Ltd acquired a new position in Kodiak AI during the 4th quarter valued at about $188,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Price Performance

KDK stock opened at $7.42 on Monday. The company has a market capitalization of $1.35 billion, a PE ratio of -11.24 and a beta of -0.01. Kodiak AI has a 1 year low of $5.43 and a 1 year high of $11.62. The company has a fifty day moving average of $8.37.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $1.05 million for the quarter, compared to analyst estimates of $0.52 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.