Kodiak AI (NASDAQ:KDK) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Kodiak AI (NASDAQ:KDK) from a sell rating to a strong sell rating in a report released on Saturday morning.

A number of other brokerages have also commented on KDK. Northland Securities set a $11.00 price target on shares of Kodiak AI in a research note on Monday, May 11th. Craig Hallum assumed coverage on shares of Kodiak AI in a report on Monday, June 15th. They set a “buy” rating and a $12.00 price objective for the company. Chardan Capital decreased their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Citigroup reaffirmed a “buy” rating on shares of Kodiak AI in a research report on Wednesday, August 19th. Finally, Weiss Ratings lowered Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Kodiak AI Stock Performance

KDK stock opened at $3.79 on Friday. The stock’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $6.85. Kodiak AI has a fifty-two week low of $3.76 and a fifty-two week high of $11.44. The company has a market cap of $760.35 million, a P/E ratio of -0.80 and a beta of 0.45.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The business had revenue of $3.50 million during the quarter. Equities analysts predict that Kodiak AI will post -0.63 earnings per share for the current year.

Hedge Funds Weigh In On Kodiak AI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust bought a new position in shares of Kodiak AI in the fourth quarter valued at approximately $44,000. JPMorgan Chase & Co. bought a new stake in Kodiak AI during the third quarter worth $36,000. Farther Finance Advisors LLC purchased a new position in Kodiak AI in the fourth quarter worth $78,000. Ieq Capital LLC purchased a new position in Kodiak AI in the fourth quarter worth $186,000. Finally, XTX Topco Ltd bought a new position in Kodiak AI in the 4th quarter valued at $188,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

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.