Kardigan (NASDAQ:KARD) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Kardigan (NASDAQ:KARD) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $50.00 target price on the stock.

KARD has been the subject of several other reports. Robert W. Baird began coverage on shares of Kardigan in a research note on Wednesday, October 21st. They issued an “outperform” rating and a $43.00 target price for the company. TD Cowen initiated coverage on shares of Kardigan in a research report on Monday, July 13th. They set a “buy” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Kardigan from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 25th. Zacks Research upgraded shares of Kardigan to a “hold” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings started coverage on shares of Kardigan in a research report on Monday, September 14th. They issued a “sell (d)” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kardigan presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Kardigan Stock Performance

KARD stock opened at $14.13 on Thursday. The company has a 50 day moving average of $16.33. The company has a market capitalization of $1.32 billion and a P/E ratio of -4.91. Kardigan has a twelve month low of $12.23 and a twelve month high of $27.00.

Kardigan (NASDAQ:KARD) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($4.61) earnings per share for the quarter. On average, equities analysts forecast that Kardigan will post -3.51 EPS for the current fiscal year.

Institutional Trading of Kardigan

Several institutional investors and hedge funds have recently bought and sold shares of KARD. Jupiter Topco LLC bought a new position in shares of Kardigan during the 2nd quarter worth approximately $17,715,000. Montanova Capital LLC acquired a new position in shares of Kardigan during the 2nd quarter worth approximately $9,540,000. Bank of New York Mellon Corp bought a new stake in Kardigan in the 2nd quarter valued at $9,010,000. Braidwell LP bought a new stake in Kardigan in the 2nd quarter valued at $7,155,000. Finally, Citadel Advisors LLC bought a new stake in Kardigan in the 2nd quarter valued at $2,862,000.

About Kardigan