Ascendiant Capital Markets Cuts Knightscope (NASDAQ:KSCP) Price Target to $26.00

Knightscope (NASDAQ:KSCP) had its price objective lowered by Ascendiant Capital Markets from $30.00 to $26.00 in a research note released on Friday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. Lake Street Capital decreased their target price on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen raised shares of Knightscope from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $12.00 target price on shares of Knightscope in a research note on Friday, May 16th.

Knightscope Stock Performance

NASDAQ KSCP opened at $6.27 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $43.27 million, a price-to-earnings ratio of -0.46 and a beta of 1.76. The firm’s 50 day simple moving average is $4.83 and its 200 day simple moving average is $8.48. Knightscope has a 1 year low of $2.45 and a 1 year high of $28.57.

Knightscope (NASDAQ:KSCP) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($1.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.47) by $0.19. The firm had revenue of $2.81 million for the quarter, compared to analyst estimates of $2.55 million. As a group, research analysts expect that Knightscope will post -12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knightscope

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC lifted its holdings in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,111 shares of the company’s stock after purchasing an additional 3,486 shares during the period. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 as of its most recent filing with the SEC. 14.61% of the stock is currently owned by institutional investors and hedge funds.

Knightscope Company Profile

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.