Kardigan, Inc. (NASDAQ:KARD) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Kardigan, Inc. (NASDAQ:KARD – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $39.50.

A number of analysts recently weighed in on KARD shares. Wall Street Zen cut shares of Kardigan from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings initiated coverage on shares of Kardigan in a research note on Monday, September 14th. They set a “sell (d)” rating for the company. JPMorgan Chase & Co. decreased their price objective on Kardigan from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, August 25th. Leerink Partners started coverage on Kardigan in a report on Monday, July 13th. They set an “outperform” rating and a $37.00 price objective on the stock. Finally, Zacks Research upgraded Kardigan to a “hold” rating in a research note on Wednesday, July 15th.

Check Out Our Latest Stock Analysis on KARD

Institutional Trading of Kardigan

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

Kardigan Trading Up 0.5%

NASDAQ KARD opened at $12.80 on Friday. Kardigan has a twelve month low of $12.23 and a twelve month high of $27.00. The company has a market capitalization of $1.20 billion and a PE ratio of -4.44. The company has a 50-day moving average of $17.06.

Kardigan (NASDAQ:KARD – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($4.61) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Kardigan will post -3.41 earnings per share for the current year.

Kardigan Company Profile

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Further Reading

Analyst Recommendations for Kardigan (NASDAQ:KARD)

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