Kodiak AI (NASDAQ:KDK) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen lowered shares of Kodiak AI (NASDAQ:KDK) from a sell rating to a strong sell rating in a research note published on Saturday morning.

A number of other brokerages also recently issued reports on KDK. Chardan Capital lowered their price target on Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 8th. Northland Securities set a $11.00 price target on Kodiak AI in a research report on Monday, May 11th. Weiss Ratings downgraded Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. Craig Hallum began coverage on shares of Kodiak AI in a research report on Monday, June 15th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Citigroup reissued a “buy” rating on shares of Kodiak AI in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Kodiak AI presently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Kodiak AI Trading Up 3.1%

NASDAQ:KDK opened at $3.94 on Friday. The stock has a fifty day moving average price of $4.75 and a 200 day moving average price of $6.91. The firm has a market cap of $790.44 million, a PE ratio of -0.84 and a beta of 0.45. Kodiak AI has a 12-month low of $3.78 and a 12-month high of $11.44.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The firm had revenue of $3.50 million during the quarter. Equities analysts forecast that Kodiak AI will post -0.63 EPS for the current year.

Institutional Trading of Kodiak AI

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in Kodiak AI during the third quarter worth about $36,000. Parkside Financial Bank & Trust acquired a new stake in shares of Kodiak AI during the 4th quarter valued at approximately $44,000. Farther Finance Advisors LLC acquired a new stake in shares of Kodiak AI during the 4th quarter valued at approximately $78,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Kodiak AI during the 2nd quarter worth approximately $103,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Kodiak AI during the 1st quarter worth approximately $119,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

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.