Serve Robotics (NASDAQ:SERV) Stock Price Up 4% – Should You Buy?

Serve Robotics Inc. (NASDAQ:SERV)’s share price rose 4% during trading on Wednesday . The company traded as high as $15.00 and last traded at $14.99. Approximately 6,051,384 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 10,008,835 shares. The stock had previously closed at $14.42.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SERV. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Freedom Capital raised shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, December 31st. Oppenheimer assumed coverage on shares of Serve Robotics in a research note on Thursday, December 18th. They set an “outperform” rating and a $20.00 target price for the company. Northland Securities restated an “outperform” rating and set a $26.00 price target on shares of Serve Robotics in a research report on Friday, January 2nd. Finally, LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Serve Robotics currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Serve Robotics Price Performance

The stock’s fifty day moving average price is $11.09 and its 200-day moving average price is $11.58. The firm has a market cap of $1.12 billion, a PE ratio of -10.06 and a beta of 0.27.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%.The business had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.69 million. On average, sell-side analysts anticipate that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Brian Read sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $13.05, for a total value of $97,875.00. Following the completion of the sale, the chief financial officer directly owned 344,270 shares in the company, valued at $4,492,723.50. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Touraj Parang sold 9,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $11.78, for a total value of $111,910.00. Following the completion of the sale, the chief operating officer directly owned 1,351,091 shares of the company’s stock, valued at approximately $15,915,851.98. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 185,170 shares of company stock valued at $2,122,739. 5.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Serve Robotics by 280.4% in the first quarter. Goldman Sachs Group Inc. now owns 297,138 shares of the company’s stock valued at $1,709,000 after purchasing an additional 219,018 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Serve Robotics by 12.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 996,283 shares of the company’s stock valued at $11,397,000 after purchasing an additional 113,761 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Serve Robotics in the 2nd quarter valued at approximately $240,000. Bogart Wealth LLC increased its holdings in shares of Serve Robotics by 1,230.6% during the 2nd quarter. Bogart Wealth LLC now owns 11,975 shares of the company’s stock worth $137,000 after buying an additional 11,075 shares during the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of Serve Robotics during the 2nd quarter worth approximately $188,000.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.