Knightscope (NASDAQ:KSCP) Price Target Cut to $23.00 by Analysts at Ascendiant Capital Markets

Knightscope (NASDAQ:KSCP) had its target price reduced by equities research analysts at Ascendiant Capital Markets from $26.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock.

Several other research firms also recently commented on KSCP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Knightscope in a report on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of Knightscope in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of Knightscope from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Knightscope presently has an average rating of “Moderate Buy” and an average target price of $14.33.

Knightscope Stock Performance

NASDAQ:KSCP opened at $1.99 on Monday. The company has a market capitalization of $33.67 million, a P/E ratio of -0.56 and a beta of 1.24. The business has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.34. Knightscope has a 1 year low of $1.95 and a 1 year high of $10.14.

Knightscope (NASDAQ:KSCP) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.22). Knightscope had a negative net margin of 257.99% and a negative return on equity of 143.53%. The firm had revenue of $6.02 million for the quarter, compared to analysts’ expectations of $3.65 million. On average, analysts expect that Knightscope will post -2.19 earnings per share for the current year.

Hedge Funds Weigh In On Knightscope

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in shares of Knightscope in the 4th quarter worth $26,000. Independent Advisor Alliance bought a new stake in shares of Knightscope during the 4th quarter worth $37,000. Integrated Advisors Network LLC purchased a new position in Knightscope in the first quarter worth $43,000. Envestnet Asset Management Inc. purchased a new position in Knightscope in the third quarter worth $71,000. Finally, LPL Financial LLC bought a new position in Knightscope in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 14.61% of the company’s stock.

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.