Freedom Broker Upgrades Coda Octopus Group to 'Buy'

Freedom Broker has upgraded Coda Octopus Group, Inc. (NasdaqCM: CODA) to a 'buy' rating, setting a new price target of $14. This change came on June 18, 2026, reflecting growing confidence in the company's prospects.

Other Institutional Activity in Coda Octopus Group

Vanguard Capital Management LLC initiated a new position with 263,739 shares valued at about $2.98 million. Marshall Wace, LLP added 95,957 shares, bringing its total to 254,189 shares worth approximately $2.87 million. Essex Investment Management Co LLC significantly increased its stake by 166,341 shares, totaling 189,640 shares valued at around $2.14 million. Meanwhile, SEI Investments Co boosted its holdings by 102,592 shares to 147,486 shares, valued at roughly $1.67 million. On the other hand, Archon Capital Management LLC reduced its stake by 10,000 shares, ending with 140,000 shares worth about $1.58 million.

Coda Octopus Group, Inc. Stock Down 6.5%

Shares of Coda Octopus Group traded near $9.24 on the NasdaqCM. The company has a market cap of approximately $112.8 million, with a P/E ratio of 22.7 and a forward P/E of 23.3. The stock's 52-week range is between $7.01 and $17.28, with a 50-day moving average of $11.83 and a 200-day moving average of $10.69. The firm maintains a robust current ratio of 10.15 and a quick ratio of 7.28, alongside a debt-to-equity ratio of 0.63.

Recent Earnings

Coda Octopus Group reported revenue of $27.95 million, though it experienced a slight revenue decline of 1.6%. The company achieved a net margin of 17.7% and a return on equity of 8.4%. Looking ahead, Coda Octopus is expected to release its next earnings report on September 14, 2026.

Insider Buying and Selling at Coda Octopus Group, Inc.

Several insiders have sold shares recently. John Steven Emerson sold 86,254 shares at an average price of $14.95 on March 11, 2026. Gayle Michelle Jardine, the Interim CFO, sold 2,256 shares at $12.59 on March 19, 2026.

Analysts Set New Price Targets

On June 18, 2026, Freedom Broker upgraded Coda Octopus Group to a 'buy' rating and set a $14 price target. The consensus among analysts remains positive, with a mean target price of $13.65 based on two opinions.

About Coda Octopus Group

Coda Octopus Group, Inc., headquartered in Orlando, Florida, specializes in underwater technologies and equipment. The company operates through three segments: Marine Technology Business, Acoustic Sensors and Materials Business, and Defense Engineering Services Business. It offers products used in various sectors, including underwater construction, defense, and marine sciences. Annmarie Gayle serves as the CEO, leading a team of around 100 employees.

Bottom Line

Coda Octopus Group's recent analyst upgrade reflects optimism about its future. The company operates in the aerospace and defense industry, providing innovative underwater solutions. Investors should note that analyst ratings are based on past data and may not represent the current sentiment.