Kardigan (NASDAQ:KARD) Stock Bumped Up to “Strong-Buy” by Robert W. Baird

Robert W. Baird upgraded shares of Kardigan (NASDAQ:KARD) to a strong-buy rating in a research report report published on Wednesday,Zacks reports.

A number of other equities analysts have also commented on KARD. TD Cowen began coverage on Kardigan in a research note on Monday, July 13th. They issued a “buy” rating and a $46.00 price objective on the stock. Zacks Research upgraded Kardigan to a “hold” rating in a research note on Wednesday, July 15th. UBS Group started coverage on Kardigan in a report on Monday, October 12th. They issued a “buy” rating and a $25.00 price target for the company. Weiss Ratings started coverage on Kardigan in a report on Monday, September 14th. They issued a “sell (d)” rating for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kardigan from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Kardigan Stock Down 0.9%

Shares of KARD opened at $12.74 on Wednesday. The firm has a market cap of $1.19 billion and a P/E ratio of -4.42. Kardigan has a one year low of $12.23 and a one year high of $27.00. The stock has a 50 day simple moving average of $17.21.

Kardigan (NASDAQ:KARD) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($4.61) earnings per share for the quarter. Sell-side analysts anticipate that Kardigan will post -3.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Kardigan

Several hedge funds and other institutional investors have recently made changes to their positions in KARD. Squarepoint Ops LLC acquired a new position in shares of Kardigan during the second quarter valued at $247,000. Citadel Advisors LLC acquired a new stake in Kardigan in the second quarter worth about $2,862,000. Braidwell LP acquired a new stake in Kardigan in the second quarter worth about $7,155,000. Montanova Capital LLC acquired a new stake in Kardigan in the second quarter worth about $9,540,000. Finally, Alyeska Investment Group L.P. bought a new stake in Kardigan during the 2nd quarter worth about $716,000.

About Kardigan