Serve Robotics (NASDAQ:SERV) Stock Price Up 7.2% – What’s Next?

by · The Markets Daily

Serve Robotics Inc. (NASDAQ:SERVGet Free Report) traded up 7.2% on Monday . The company traded as high as $12.90 and last traded at $12.68. 8,844,203 shares were traded during trading, a decline of 9% from the average session volume of 9,727,104 shares. The stock had previously closed at $11.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SERV shares. Oppenheimer started coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Northland Securities restated an “outperform” rating and set a $26.00 price objective on shares of Serve Robotics in a research note on Friday. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Freedom Capital upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Check Out Our Latest Research Report on SERV

Serve Robotics Trading Up 7.2%

The firm has a market cap of $944.44 million, a price-to-earnings ratio of -8.51 and a beta of 0.27. The stock has a 50-day moving average of $10.98 and a two-hundred day moving average of $11.42.

Serve Robotics (NASDAQ:SERVGet Free Report) last posted its earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.17). Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. The company had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. Sell-side analysts expect that Serve Robotics Inc. will post -0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Anthony Armenta sold 5,003 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.96, for a total transaction of $59,835.88. Following the completion of the transaction, the insider directly owned 555,034 shares of the company’s stock, valued at $6,638,206.64. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Touraj Parang sold 5,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $13.07, for a total transaction of $65,350.00. Following the completion of the transaction, the chief operating officer directly owned 1,333,691 shares of the company’s stock, valued at approximately $17,431,341.37. This trade represents a 0.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 226,533 shares of company stock valued at $2,832,641 in the last quarter. 5.50% of the stock is owned by company insiders.

Institutional Trading of Serve Robotics

Several large investors have recently modified their holdings of SERV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Serve Robotics by 616.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 679,014 shares of the company’s stock valued at $3,972,000 after buying an additional 584,302 shares in the last quarter. Bulltick Wealth Management LLC bought a new stake in shares of Serve Robotics during the 2nd quarter valued at approximately $355,000. Vontobel Holding Ltd. acquired a new position in Serve Robotics during the 2nd quarter worth approximately $240,000. Exchange Traded Concepts LLC grew its stake in shares of Serve Robotics by 12.9% during the second quarter. Exchange Traded Concepts LLC now owns 996,283 shares of the company’s stock worth $11,397,000 after buying an additional 113,761 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Serve Robotics during the first quarter valued at about $2,064,000.

Serve Robotics Company Profile

(Get Free Report)

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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