Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) has earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.5143.
A number of equities research analysts have recently issued reports on SERV shares. Weiss Ratings lowered shares of Serve Robotics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. LADENBURG THALM/SH SH upped their target price on shares of Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Cantor Fitzgerald cut their target price on shares of Serve Robotics from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Freedom Capital lowered shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Guggenheim began coverage on shares of Serve Robotics in a research report on Monday, April 20th. They set a “buy” rating and a $13.00 price objective for the company.
View Our Latest Stock Report on SERV
Insider Activity at Serve Robotics
Institutional Investors Weigh In On Serve Robotics
A number of institutional investors have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new position in Serve Robotics in the 4th quarter worth about $31,000. Quadrant Capital Group LLC bought a new position in Serve Robotics in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC grew its position in Serve Robotics by 299.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after purchasing an additional 2,392 shares during the last quarter. CWM LLC grew its position in Serve Robotics by 514.1% in the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Serve Robotics by 149.3% in the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock worth $39,000 after purchasing an additional 2,240 shares during the last quarter.
Serve Robotics Stock Performance
Shares of Serve Robotics stock opened at $6.69 on Thursday. The firm has a market cap of $517.61 million, a PE ratio of -3.33 and a beta of 0.53. The firm’s 50-day simple moving average is $8.63 and its 200-day simple moving average is $10.05. Serve Robotics has a 1 year low of $6.49 and a 1 year high of $18.64.
Serve Robotics (NASDAQ:SERV – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.08). The company had revenue of $2.98 million during the quarter, compared to analyst estimates of $2.83 million. Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 47.31%. On average, equities analysts predict that Serve Robotics will post -2.64 earnings per share for the current year.
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.
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