Serve Robotics Inc. (NASDAQ:SERV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Serve Robotics Inc. (NASDAQ:SERV) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $19.3333.

Several research firms recently commented on SERV. Northland Securities set a $26.00 price target on shares of Serve Robotics in a research report on Monday, October 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. Wedbush initiated coverage on shares of Serve Robotics in a research note on Wednesday, August 27th. They set an “outperform” rating and a $15.00 target price for the company. Seaport Res Ptn cut Serve Robotics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a research note on Monday, November 24th.

Serve Robotics Price Performance

NASDAQ SERV opened at $10.27 on Friday. The company has a fifty day moving average of $12.38 and a two-hundred day moving average of $11.46. The company has a market capitalization of $764.91 million, a PE ratio of -6.89 and a beta of -0.80. Serve Robotics has a 1 year low of $4.66 and a 1 year high of $24.35.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.17). The firm had revenue of $0.69 million for the quarter, compared to analyst estimates 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. On average, research analysts expect that Serve Robotics will post -0.98 earnings per share for the current year.

Insider Buying and Selling at Serve Robotics

In other Serve Robotics news, insider Euan Abraham sold 3,915 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $11.69, for a total transaction of $45,766.35. Following the completion of the transaction, the insider owned 246,624 shares in the company, valued at approximately $2,883,034.56. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony Armenta sold 49,082 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $9.32, for a total transaction of $457,444.24. Following the completion of the sale, the insider owned 560,037 shares of the company’s stock, valued at $5,219,544.84. This trade represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 458,709 shares of company stock valued at $5,301,845. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Serve Robotics

A number of hedge funds have recently added to or reduced their stakes in SERV. Farther Finance Advisors LLC purchased a new stake in Serve Robotics in the 3rd quarter valued at approximately $27,000. Allworth Financial LP lifted its holdings in shares of Serve Robotics by 316.7% in the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock valued at $45,000 after buying an additional 2,964 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Serve Robotics in the first quarter valued at approximately $49,000. SBI Securities Co. Ltd. grew its holdings in Serve Robotics by 166.8% during the third quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock worth $49,000 after acquiring an additional 2,637 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in Serve Robotics during the second quarter worth $55,000.

Serve Robotics Company Profile

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.