Knightscope (NASDAQ:KSCP) Stock Rating Lowered by Wall Street Zen

Knightscope (NASDAQ:KSCP) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Knightscope in a research report on Monday, December 29th. Ascendiant Capital Markets cut their price objective on shares of Knightscope from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of Knightscope in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Knightscope presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Knightscope Stock Performance

Shares of Knightscope stock opened at $4.81 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.37 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $3.96 and its 200-day moving average price is $4.67. The firm has a market cap of $53.73 million, a P/E ratio of -1.18 and a beta of 1.68. Knightscope has a 12 month low of $2.45 and a 12 month high of $10.14.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings data on Friday, March 27th. The company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.19). Knightscope had a negative return on equity of 168.58% and a negative net margin of 298.32%.The business had revenue of $2.54 million during the quarter, compared to analysts’ expectations of $2.50 million. On average, equities research analysts expect that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Trading of Knightscope

Several hedge funds have recently modified their holdings of KSCP. Total Investment Management Inc. purchased a new position in shares of Knightscope in the 2nd quarter worth approximately $25,000. Concurrent Investment Advisors LLC lifted its position in Knightscope by 42.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock valued at $69,000 after acquiring an additional 5,500 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Knightscope during the fourth quarter valued at approximately $26,000. Independent Advisor Alliance acquired a new stake in Knightscope in the fourth quarter valued at approximately $37,000. Finally, Envestnet Asset Management Inc. purchased a new position in Knightscope in the third quarter worth $71,000. 14.61% of the stock is owned by hedge funds and other institutional investors.

About Knightscope

Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.

Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.