Kodiak Sciences (KOD) Releases Earnings Results

Kodiak Sciences (NYSE:KOD) issued its earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.16, MarketWatch Earnings reports.

Shares of NYSE:KOD traded up $0.66 during midday trading on Thursday, reaching $8.16. 5,226 shares of the company’s stock were exchanged, compared to its average volume of 67,146. Kodiak Sciences has a fifty-two week low of $5.65 and a fifty-two week high of $11.10.

KOD has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Kodiak Sciences from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Chardan Capital initiated coverage on Kodiak Sciences in a research report on Wednesday, February 20th. They set a “buy” rating and a $22.50 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Kodiak Sciences has an average rating of “Buy” and a consensus target price of $19.13.

A hedge fund recently bought a new stake in Kodiak Sciences stock. Geode Capital Management LLC bought a new stake in shares of Kodiak Sciences Inc. (NYSE:KOD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,561 shares of the company’s stock, valued at approximately $458,000. Geode Capital Management LLC owned 0.18% of Kodiak Sciences at the end of the most recent reporting period.

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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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