Equities research analysts at HC Wainwright assumed coverage on shares of Kardigan (NASDAQ:KARD – Get Free Report) in a research report issued on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. HC Wainwright‘s target price indicates a potential upside of 193.30% from the stock’s current price.
Several other equities analysts have also recently weighed in on KARD. Wall Street Zen cut shares of Kardigan from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Leerink Partners assumed coverage on shares of Kardigan in a report on Monday, July 13th. They issued an “outperform” rating and a $37.00 price objective on the stock. Robert W. Baird started coverage on shares of Kardigan in a research report on Wednesday, October 21st. They issued an “outperform” rating and a $43.00 price objective on the stock. Weiss Ratings began coverage on shares of Kardigan in a report on Monday, September 14th. They set a “sell (d)” rating for the company. Finally, Zacks Research upgraded shares of Kardigan to a “hold” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kardigan presently has an average rating of “Moderate Buy” and a consensus price target of $41.12.
Get Our Latest Stock Report on KARD
Kardigan Stock Up 0.8%
NASDAQ:KARD opened at $14.32 on Wednesday. Kardigan has a 52-week low of $12.23 and a 52-week high of $27.00. The stock’s 50-day moving average price is $16.07.
Kardigan (NASDAQ:KARD – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($4.61) earnings per share (EPS) for the quarter. On average, research analysts predict that Kardigan will post -3.51 earnings per share for the current year.
Institutional Investors Weigh In On Kardigan
Institutional investors and hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Kardigan in the 3rd quarter valued at approximately $47,000. Squarepoint Ops LLC bought a new position in shares of Kardigan in the second quarter valued at $247,000. Citadel Advisors LLC bought a new position in shares of Kardigan in the second quarter valued at $2,862,000. Braidwell LP bought a new position in shares of Kardigan in the second quarter valued at $7,155,000. Finally, Montanova Capital LLC acquired a new position in Kardigan during the second quarter worth $9,540,000.
Kardigan Company Profile
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