Traders Buy Large Volume of Call Options on Serve Robotics (NASDAQ:SERV)

Serve Robotics Inc. (NASDAQ:SERV) was the recipient of some unusual options trading activity on Monday. Investors bought 16,778 call options on the company. This is an increase of 33% compared to the average volume of 12,604 call options.

Insider Activity at Serve Robotics

In related news, CEO Ali Kashani sold 14,644 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $9.26, for a total transaction of $135,603.44. Following the transaction, the chief executive officer directly owned 3,293,976 shares of the company’s stock, valued at approximately $30,502,217.76. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Anthony Armenta sold 3,567 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $9.82, for a total transaction of $35,027.94. Following the transaction, the insider directly owned 540,919 shares in the company, valued at $5,311,824.58. The trade was a 0.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 83,438 shares of company stock valued at $772,667. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Serve Robotics

Large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC acquired a new position in Serve Robotics during the 4th quarter valued at $31,000. Gordian Capital Singapore Pte Ltd acquired a new position in Serve Robotics during the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC raised its stake in Serve Robotics by 299.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after purchasing an additional 2,392 shares during the last quarter. CWM LLC raised its stake in Serve Robotics by 514.1% during the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in Serve Robotics by 149.3% during the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock valued at $39,000 after purchasing an additional 2,240 shares during the last quarter.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a research report on Friday, March 27th. LADENBURG THALM/SH SH boosted their target price on shares of Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Freedom Capital downgraded shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald decreased their target price on shares of Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Finally, Guggenheim assumed coverage on shares of Serve Robotics in a research report on Monday, April 20th. They issued a “buy” rating and a $13.00 target price for the company. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.51.

Serve Robotics Stock Performance

Shares of Serve Robotics stock traded up $0.32 on Monday, reaching $9.67. The stock had a trading volume of 3,967,361 shares, compared to its average volume of 4,922,496. The business’s 50-day moving average price is $8.90 and its two-hundred day moving average price is $10.22. Serve Robotics has a fifty-two week low of $7.66 and a fifty-two week high of $18.64. The stock has a market cap of $747.78 million, a P/E ratio of -4.81 and a beta of 0.55.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.08). Serve Robotics had a negative return on equity of 47.31% and a negative net margin of 2,639.98%.The firm had revenue of $2.98 million during the quarter, compared to analyst estimates of $2.83 million. As a group, equities analysts forecast that Serve Robotics will post -2.64 earnings per share for the current fiscal year.

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.