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

Kodiak AI, Inc. (NASDAQ:KDK) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.90.

A number of brokerages recently commented on KDK. Chardan Capital restated a “buy” rating and issued a $22.00 price target on shares of Kodiak AI in a research report on Thursday, February 19th. Wall Street Zen cut shares of Kodiak AI to a “strong sell” rating in a research report on Friday, November 28th. TD Cowen began coverage on shares of Kodiak AI in a research note on Monday, November 10th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kodiak AI in a report on Monday, December 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KDK. Parkside Financial Bank & Trust acquired a new position in Kodiak AI during the fourth quarter valued at approximately $44,000. JPMorgan Chase & Co. acquired a new stake in shares of Kodiak AI in the 3rd quarter valued at $36,000. Farther Finance Advisors LLC bought a new position in shares of Kodiak AI in the 4th quarter valued at $78,000. Ieq Capital LLC bought a new position in shares of Kodiak AI in the 4th quarter valued at $186,000. Finally, XTX Topco Ltd acquired a new position in shares of Kodiak AI during the 4th quarter worth $188,000. 72.95% of the stock is owned by institutional investors.

Kodiak AI Price Performance

Shares of NASDAQ KDK opened at $8.67 on Thursday. The firm has a fifty day moving average of $9.17. The firm has a market cap of $1.57 billion, a PE ratio of -25.50 and a beta of -0.33. Kodiak AI has a fifty-two week low of $5.43 and a fifty-two week high of $11.62.

Kodiak AI Company Profile

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.