Serve Robotics (NASDAQ:SERV) Stock Price Up 9.7% – What’s Next?

Shares of Serve Robotics Inc. (NASDAQ:SERV) shot up 9.7% during trading on Thursday . The stock traded as high as $9.80 and last traded at $9.88. 1,365,994 shares were traded during trading, a decline of 83% from the average session volume of 8,122,549 shares. The stock had previously closed at $9.01.

Wall Street Analyst Weigh In

SERV has been the subject of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Serve Robotics in a research note on Monday. Seaport Res Ptn cut Serve Robotics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Citigroup restated an “outperform” rating on shares of Serve Robotics in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday. Finally, Wedbush began coverage on shares of Serve Robotics in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Serve Robotics Stock Performance

The firm has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $11.34. The company has a market capitalization of $674.34 million, a PE ratio of -6.10 and a beta of -0.80.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). The firm had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%. Serve Robotics has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Serve Robotics Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at Serve Robotics

In other news, COO Touraj Parang sold 53,690 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $10.35, for a total value of $555,691.50. Following the completion of the sale, the chief operating officer owned 1,365,416 shares in the company, valued at approximately $14,132,055.60. The trade was a 3.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Euan Abraham sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $14.99, for a total transaction of $374,750.00. Following the completion of the sale, the insider directly owned 227,019 shares of the company’s stock, valued at $3,403,014.81. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 473,925 shares of company stock worth $5,452,216. 5.50% of the stock is currently owned by company insiders.

Institutional Trading of Serve Robotics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. increased its holdings in shares of Serve Robotics by 6.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 22,427 shares of the company’s stock valued at $261,000 after acquiring an additional 1,417 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Serve Robotics by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,728 shares of the company’s stock valued at $73,000 after purchasing an additional 1,545 shares in the last quarter. Creative Planning grew its stake in Serve Robotics by 14.5% in the third quarter. Creative Planning now owns 14,800 shares of the company’s stock valued at $172,000 after purchasing an additional 1,877 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in Serve Robotics by 13.3% in the third quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company’s stock worth $198,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Thoroughbred Financial Services LLC lifted its position in shares of Serve Robotics by 9.0% during the third quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company’s stock valued at $282,000 after buying an additional 2,000 shares during the last quarter.

About Serve Robotics

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.