Serve Robotics (NASDAQ:SERV) Stock Price Down 2.6% – Should You Sell?

Serve Robotics Inc. (NASDAQ:SERV)’s share price fell 2.6% during mid-day trading on Monday . The stock traded as low as $8.93 and last traded at $9.24. 3,036,459 shares traded hands during trading, a decline of 53% from the average session volume of 6,505,333 shares. The stock had previously closed at $9.49.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SERV. Oppenheimer initiated coverage on shares of Serve Robotics in a report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price target on the stock. Loop Capital set a $16.00 target price on Serve Robotics in a research note on Wednesday, December 31st. Freedom Capital raised Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Northland Securities restated an “outperform” rating and issued a $26.00 target price on shares of Serve Robotics in a research report on Friday, January 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.80.

Serve Robotics Stock Down 2.6%

The stock has a market cap of $688.20 million, a P/E ratio of -6.20 and a beta of 0.35. The firm’s fifty day moving average price is $11.49 and its 200-day moving average price is $11.68.

Insiders Place Their Bets

In related news, insider Anthony Armenta sold 5,003 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.96, for a total value of $59,835.88. Following the completion of the sale, the insider owned 555,034 shares of the company’s stock, valued at $6,638,206.64. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Touraj Parang sold 6,300 shares of Serve Robotics stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $11.87, for a total transaction of $74,781.00. Following the sale, the chief operating officer directly owned 1,338,691 shares in the company, valued at $15,890,262.17. The trade was a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 123,298 shares of company stock worth $1,469,083. 21.40% of the stock is currently owned by company insiders.

Institutional Trading of Serve Robotics

Hedge funds and other institutional investors have recently modified their holdings of the business. Vontobel Holding Ltd. increased its holdings in shares of Serve Robotics by 6.7% during the third 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 in the last quarter. Main Management ETF Advisors LLC grew its position in Serve Robotics by 1.0% during the 4th 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 last quarter. Creative Planning increased its stake in Serve Robotics by 14.5% during the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock valued at $172,000 after purchasing an additional 1,877 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Serve Robotics by 38.0% during the 4th quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company’s stock valued at $73,000 after purchasing an additional 1,927 shares in the last quarter. Finally, 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 buying an additional 2,000 shares during the last quarter.

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.