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

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.90.

A number of analysts recently commented on the company. Northland Capmk upgraded Kodiak AI to a “strong-buy” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Zacks Research raised shares of Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. Chardan Capital reissued a “buy” rating and issued a $22.00 price objective on shares of Kodiak AI in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th.

Kodiak AI Trading Up 5.0%

KDK stock opened at $9.95 on Wednesday. Kodiak AI has a 1 year low of $5.43 and a 1 year high of $11.62. The company has a 50 day moving average of $8.35. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -29.26 and a beta of -0.41.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.33). The business had revenue of $0.77 million during the quarter, compared to the consensus estimate of $0.50 million.

Institutional Investors Weigh In On Kodiak AI

Several hedge funds have recently made changes to their positions in KDK. Curated Wealth Partners LLC purchased a new stake in shares of Kodiak AI in the fourth quarter valued at $649,000. JPMorgan Chase & Co. acquired a new stake in Kodiak AI in the 3rd quarter worth about $36,000. Meteora Capital LLC acquired a new stake in Kodiak AI in the 3rd quarter worth about $3,924,000. AQR Arbitrage LLC purchased a new stake in Kodiak AI in the 3rd quarter valued at about $4,802,000. Finally, Rokos Capital Management US LP acquired a new position in shares of Kodiak AI during the 3rd quarter valued at about $14,185,000. 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.