Kodiak AI (NASDAQ:KDK) Now Covered by Analysts at Oppenheimer

Equities research analysts at Oppenheimer assumed coverage on shares of Kodiak AI (NASDAQ:KDK) in a note issued to investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $9.00 price target on the stock. Oppenheimer’s target price points to a potential upside of 137.47% from the company’s current price.

KDK has been the subject of a number of other reports. Citigroup reissued a “buy” rating on shares of Kodiak AI in a research note on Wednesday, August 19th. Chardan Capital dropped their price target on Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Northland Securities set a $11.00 price objective on Kodiak AI in a report on Monday, May 11th. Craig Hallum initiated coverage on Kodiak AI in a research note on Monday, June 15th. They set a “buy” rating and a $12.00 target price for the company. Finally, Weiss Ratings downgraded shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.00.

Kodiak AI Stock Down 3.8%

Shares of NASDAQ KDK opened at $3.79 on Tuesday. The company’s fifty day moving average is $4.70 and its 200-day moving average is $6.85. The stock has a market cap of $760.35 million, a price-to-earnings ratio of -0.80 and a beta of 0.45. Kodiak AI has a twelve month low of $3.76 and a twelve month high of $11.44.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The firm had revenue of $3.50 million for the quarter. On average, research analysts anticipate that Kodiak AI will post -0.63 EPS for the current fiscal year.

Institutional Trading of Kodiak AI

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Kodiak AI during the 3rd quarter worth about $36,000. Barclays PLC acquired a new position in shares of Kodiak AI during the 3rd quarter worth about $830,000. UBS Group AG bought a new position in shares of Kodiak AI in the 3rd quarter valued at about $1,059,000. Rokos Capital Management US LP acquired a new stake in shares of Kodiak AI in the third quarter valued at about $14,185,000. Finally, AQR Arbitrage LLC acquired a new stake in shares of Kodiak AI in the third quarter valued at about $4,802,000. Institutional investors 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.