Cantor Fitzgerald downgraded shares of Serve Robotics (NASDAQ:SERV – Free Report) from an overweight rating to a neutral rating in a research note issued to investors on Friday, Marketbeat Ratings reports.
SERV has been the subject of several other research reports. Weiss Ratings upgraded Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Guggenheim started coverage on shares of Serve Robotics in a research note on Monday, April 20th. They set a “buy” rating and a $13.00 target price for the company. Freedom Capital lowered Serve Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, LADENBURG THALM/SH SH raised their price objective on Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.66.
View Our Latest Analysis on Serve Robotics
Serve Robotics Price Performance
Serve Robotics (NASDAQ:SERV – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.11). The business had revenue of $3.24 million during the quarter, compared to analyst estimates of $3.51 million. Serve Robotics had a negative net margin of 2,315.80% and a negative return on equity of 56.83%. As a group, sell-side analysts expect that Serve Robotics will post -2.67 earnings per share for the current year.
Insider Activity at Serve Robotics
In other Serve Robotics news, COO Touraj Parang sold 4,219 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $7.24, for a total transaction of $30,545.56. Following the completion of the sale, the chief operating officer directly owned 1,298,244 shares of the company’s stock, valued at approximately $9,399,286.56. The trade was a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director David Michael Goldberg sold 10,600 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $7.20, for a total value of $76,320.00. Following the transaction, the director owned 35,125 shares in the company, valued at approximately $252,900. This trade represents a 23.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,200 shares of company stock valued at $232,704 in the last three months. Corporate insiders own 5.00% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of SERV. Main Management ETF Advisors LLC raised its position in shares of Serve Robotics by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company’s stock valued at $1,731,000 after purchasing an additional 1,704 shares during the period. Creative Planning increased its holdings in shares of Serve Robotics by 14.5% in the third quarter. Creative Planning now owns 14,800 shares of the company’s stock worth $172,000 after purchasing an additional 1,877 shares during the period. Russell Investments Group Ltd. increased its stake in Serve Robotics by 38.0% in the 4th quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company’s stock worth $73,000 after acquiring an additional 1,927 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Serve Robotics by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 5,274 shares of the company’s stock worth $45,000 after purchasing an additional 2,082 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake 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 buying an additional 2,240 shares in the last quarter.
Serve Robotics News Roundup
Here are the key news stories impacting Serve Robotics this week:
- Positive Sentiment: Second-quarter revenue rose 404% year over year to $3.24 million, while recurring revenue exceeded 50% of total revenue. Serve also reported stronger gross margins compared with the prior quarter. Serve Robotics Announces Second Quarter 2026 Results
- Positive Sentiment: Serve expanded its autonomous delivery network through partnerships spanning food, grocery, healthcare and laundry services. DoorDash-related revenue increased nearly 50% sequentially, and the company added hospital customers and multiyear contract extensions. Serve Robotics Reports Q2 2026 Results
- Positive Sentiment: The company ended June with $240.4 million in cash and marketable securities and lowered its projected 2026 non-GAAP operating expenses to $140 million-$150 million from $160 million-$170 million, supporting financial flexibility.
- Neutral Sentiment: Management said it is concentrating its fleet and capital on higher-return opportunities. This could improve efficiency over time, but also signals a more cautious near-term expansion strategy.
- Negative Sentiment: Serve reported a second-quarter loss of $0.80 per share, wider than the $0.69 consensus estimate, on revenue below the $3.51 million forecast. The net loss reached $64.1 million, while operating expenses climbed to $57.3 million. Serve Robotics Reports Q2 Loss, Lags Revenue Estimates
- Negative Sentiment: The company cut full-year 2026 revenue guidance to $9 million-$10 million from a level implying approximately $25.8 million in sales. The reduction reflects lower-than-expected Uber Eats delivery volumes and the removal of anticipated second-half demand. Serve Robotics drops after cutting 2026 revenue outlook
- Negative Sentiment: Cantor Fitzgerald downgraded SERV from “overweight” to “neutral,” adding pressure after the earnings disappointment and guidance reduction.
Serve Robotics Company Profile
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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