Kodiak Sciences (KOD) Downgraded to “Sell” at Zacks Investment Research
According to Zacks, “Kodiak Sciences Inc. operates as a clinical stage biopharmaceutical company. It specializes in novel therapeutics to treat chronic and retinal diseases. The company’s product candidates consists of KSI-301 for wet AMD, KSI-301 for diabetic eye disease, KSI-501 for DME and Uveitis, KSI-201 for treatment resistant wet AMD and KSI-401 for dry AMD which are in clinical stage. Kodiak Sciences Inc. is based in CA, United States. “
Separately, Chardan Capital began coverage on Kodiak Sciences in a report on Wednesday, February 20th. They issued a buy rating and a $22.50 price target for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Kodiak Sciences presently has a consensus rating of Buy and an average target price of $19.13.
Kodiak Sciences (NYSE:KOD) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.05.
A number of institutional investors have recently bought and sold shares of KOD. Deutsche Bank AG acquired a new stake in Kodiak Sciences during the 4th quarter worth $87,000. Geode Capital Management LLC acquired a new position in Kodiak Sciences in the fourth quarter valued at $458,000. Perceptive Advisors LLC acquired a new position in Kodiak Sciences in the fourth quarter valued at $22,259,000. Pura Vida Investments LLC acquired a new position in Kodiak Sciences in the fourth quarter valued at $173,000. Finally, venBio Select Advisor LLC acquired a new position in Kodiak Sciences in the fourth quarter valued at $6,406,000.
About Kodiak Sciences
Kodiak Sciences Inc, a clinical stage biopharmaceutical company, provides novel therapeutics to treat ophthalmic diseases. The company's lead product candidate is KSI-301, a vascular endothelial growth factor (VEGF)-biologic that is in Phase I clinical study to treat wet age-related macular degeneration (AMD) and diabetic retinopathy.
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