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

Kodiak AI (NASDAQ:KDK) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

KDK has been the subject of a number of other research reports. Northland Securities set a $11.00 target price on Kodiak AI in a research note on Monday, May 11th. Craig Hallum started coverage on Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 price target on the stock. Chardan Capital lowered their price objective 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 reiterated a “buy” rating on shares of Kodiak AI in a research note on Wednesday. Finally, Weiss Ratings cut shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.50.

Kodiak AI Stock Performance

Shares of Kodiak AI stock opened at $3.94 on Friday. The company has a fifty day moving average price of $4.75 and a 200 day moving average price of $6.89. Kodiak AI has a twelve month low of $3.78 and a twelve month high of $11.44. The stock has a market cap of $790.44 million, a price-to-earnings ratio of -0.84 and a beta of 0.45.

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

Institutional Investors Weigh In On Kodiak AI

A number of hedge funds have recently bought and sold shares of KDK. JPMorgan Chase & Co. acquired a new position in shares of Kodiak AI in the 3rd quarter valued at approximately $36,000. Parkside Financial Bank & Trust acquired a new stake in shares of Kodiak AI during the fourth quarter worth approximately $44,000. Farther Finance Advisors LLC acquired a new stake in shares of Kodiak AI during the fourth quarter worth approximately $78,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Kodiak AI during the second quarter worth approximately $103,000. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Kodiak AI in the first quarter worth $119,000. Institutional investors and hedge funds 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.