Kodiak AI, Inc. (KDK) – What Are Analysts Saying About This Stock?

Kodiak AI, Inc. (NASDAQ:KDK) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.89.

A number of brokerages have recently commented on KDK. Zacks Research lowered shares of Kodiak AI from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. Chardan Capital restated a “buy” rating and set a $12.00 price objective on shares of Kodiak AI in a research report on Friday, September 25th. Oppenheimer assumed coverage on shares of Kodiak AI in a report on Tuesday, August 25th. They set an “outperform” rating and a $9.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kodiak AI in a research report on Monday, September 28th. Finally, Citigroup reissued a “buy” rating on shares of Kodiak AI in a research note on Wednesday, August 19th.

Hedge Funds Weigh In On Kodiak AI

A number of hedge funds and other institutional investors have recently modified their holdings of KDK. Curated Wealth Partners LLC bought a new stake in Kodiak AI in the 3rd quarter worth approximately $114,000. HighTower Advisors LLC purchased a new stake in Kodiak AI in the second quarter worth approximately $121,000. Alyeska Investment Group L.P. purchased a new stake in Kodiak AI in the second quarter worth approximately $19,538,000. Hsbc Holdings PLC purchased a new stake in shares of Kodiak AI in the 2nd quarter valued at $248,000. Finally, Bank of America Corp DE purchased a new stake in shares of Kodiak AI in the 2nd quarter valued at $586,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak AI Stock Up 1.9%

Kodiak AI stock opened at $1.59 on Friday. Kodiak AI has a 52 week low of $1.51 and a 52 week high of $11.35. The business has a 50-day simple moving average of $3.21 and a 200 day simple moving average of $5.39. The stock has a market cap of $318.99 million, a price-to-earnings ratio of -0.34 and a beta of 0.60.

Kodiak AI (NASDAQ:KDK) last announced its earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The business had revenue of $3.50 million during the quarter. On average, research analysts anticipate that Kodiak AI will post -0.93 earnings per share for the current year.

About Kodiak AI

Kodiak AI, Inc develops autonomous vehicle technology designed primarily for the trucking and logistics industries. Its platform is intended to enable autonomous operation of heavy-duty commercial vehicles, with an emphasis on improving transportation safety, efficiency and reliability.

The company’s technology includes the Kodiak Driver, an autonomous driving system that combines sensors, onboard computing and artificial-intelligence software to perceive road conditions, plan routes and control vehicles.