Knightscope (NASDAQ:KSCP) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Knightscope (NASDAQ:KSCP) from a hold rating to a sell rating in a report published on Saturday.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Knightscope in a report on Monday, December 29th. HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Knightscope in a report on Tuesday, February 10th. Finally, Ascendiant Capital Markets cut their target price on Knightscope from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Knightscope Trading Down 29.5%

NASDAQ KSCP opened at $3.39 on Friday. The company has a market cap of $37.87 million, a P/E ratio of -0.83 and a beta of 1.68. Knightscope has a 12 month low of $2.45 and a 12 month high of $10.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.62 and a quick ratio of 3.37. The company has a 50-day moving average of $3.94 and a 200-day moving average of $4.66.

Knightscope (NASDAQ:KSCP) last released its earnings results on Friday, March 27th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.19). Knightscope had a negative return on equity of 168.58% and a negative net margin of 298.32%.The company had revenue of $2.54 million during the quarter, compared to analyst estimates of $2.50 million. As a group, equities analysts predict that Knightscope will post -12.15 earnings per share for the current year.

Institutional Investors Weigh In On Knightscope

Several institutional investors have recently bought and sold shares of the business. Total Investment Management Inc. acquired a new stake in shares of Knightscope in the second quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of Knightscope during the 4th quarter valued at $26,000. Independent Advisor Alliance acquired a new position in shares of Knightscope during the 4th quarter valued at $37,000. LPL Financial LLC purchased a new stake in Knightscope during the 4th quarter worth $53,000. Finally, Concurrent Investment Advisors LLC increased its holdings in Knightscope by 42.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock valued at $69,000 after purchasing an additional 5,500 shares in the last quarter. 14.61% of the stock is currently owned by hedge funds and other institutional investors.

About Knightscope

Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.

Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.