Wall Street brokerages expect that Kodiak Sciences Inc. (NASDAQ:KOD – Get Rating) will post earnings per share (EPS) of ($1.61) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Kodiak Sciences’ earnings. The lowest EPS estimate is ($1.97) and the highest is ($0.81). Kodiak Sciences reported earnings per share of ($1.08) during the same quarter last year, which would suggest a negative year-over-year growth rate of 49.1%. The company is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Kodiak Sciences will report full-year earnings of ($6.64) per share for the current financial year, with EPS estimates ranging from ($8.52) to ($3.30). For the next year, analysts expect that the firm will post earnings of ($4.92) per share, with EPS estimates ranging from ($7.74) to ($2.93). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Kodiak Sciences.
Kodiak Sciences (NASDAQ:KOD – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.51) by ($0.32). During the same quarter in the previous year, the company posted ($0.98) earnings per share.
Shares of Kodiak Sciences stock traded up $1.19 on Tuesday, reaching $9.03. The stock had a trading volume of 69,641 shares, compared to its average volume of 1,054,977. Kodiak Sciences has a 1 year low of $4.90 and a 1 year high of $26.39. The company has a market cap of $469.11 million, a P/E ratio of -1.51 and a beta of 1.97. The business’s 50 day moving average is $6.70 and its two-hundred day moving average is $39.15.
In other news, Director Bros. Advisors Lp Baker bought 122,100 shares of the stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $5.72 per share, for a total transaction of $698,412.00. Following the acquisition, the director now owns 14,843,809 shares of the company’s stock, valued at $84,906,587.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have acquired 816,015 shares of company stock valued at $5,670,730. 39.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Kodiak Sciences by 20.5% during the first quarter. BlackRock Inc. now owns 3,435,960 shares of the company’s stock valued at $26,526,000 after acquiring an additional 584,762 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Kodiak Sciences in the first quarter worth $3,603,000. Krensavage Asset Management LLC acquired a new stake in shares of Kodiak Sciences during the first quarter worth $3,479,000. Walleye Capital LLC grew its holdings in shares of Kodiak Sciences by 1,904.5% during the first quarter. Walleye Capital LLC now owns 356,093 shares of the company’s stock valued at $2,749,000 after buying an additional 338,328 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Kodiak Sciences in the 1st quarter valued at $2,282,000. 69.80% of the stock is owned by institutional investors.
About Kodiak Sciences (Get Rating)
Kodiak Sciences Inc, a clinical stage biopharmaceutical company, researches, develops, and commercializes therapeutics to treat retinal diseases. Its lead product candidate is KSI-301, an anti-vascular endothelial growth factor antibody biopolymer that is in Phase IIb/III clinical study to treat wet age-related macular degeneration (AMD), as well as for the treatment of diabetic macular edema, naïve macular edema due to retinal vein occlusion, and non-proliferative diabetic retinopathy.
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