Analysts Set Serve Robotics Inc. (NASDAQ:SERV) Price Target at $14.80

Serve Robotics Inc. (NASDAQ:SERV) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.7667.

Several research analysts have weighed in on SERV shares. Freedom Capital upgraded shares of Serve Robotics from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Cantor Fitzgerald downgraded shares of Serve Robotics from an “overweight” rating to a “neutral” rating in a research report on Friday, August 7th. LADENBURG THALM/SH SH boosted their price target on Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Finally, Oppenheimer lowered their price target on Serve Robotics from $20.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, August 7th.

Serve Robotics Stock Performance

Shares of NASDAQ SERV opened at $4.87 on Tuesday. Serve Robotics has a one year low of $4.32 and a one year high of $18.64. The firm has a market capitalization of $422.28 million, a P/E ratio of -1.99 and a beta of 1.35. The company’s fifty day moving average is $5.38 and its two-hundred day moving average is $7.65.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.11). Serve Robotics had a negative net margin of 2,315.80% and a negative return on equity of 55.34%. The company had revenue of $3.24 million during the quarter, compared to analysts’ expectations of $3.51 million. On average, sell-side analysts forecast that Serve Robotics will post -2.71 earnings per share for the current fiscal year.

Insider Transactions at Serve Robotics

In other Serve Robotics news, COO Touraj Parang sold 37,993 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $4.55, for a total value of $172,868.15. Following the sale, the chief operating officer owned 1,260,251 shares of the company’s stock, valued at approximately $5,734,142.05. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ali Kashani sold 45,158 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.56, for a total value of $205,920.48. Following the completion of the transaction, the chief executive officer owned 3,232,933 shares of the company’s stock, valued at approximately $14,742,174.48. This represents a 1.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 156,420 shares of company stock valued at $818,258 in the last three months. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Serve Robotics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS increased its stake in shares of Serve Robotics by 178.9% during the 4th quarter. DNB Asset Management AS now owns 239,205 shares of the company’s stock worth $2,483,000 after purchasing an additional 153,436 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Serve Robotics in the 4th quarter valued at approximately $1,427,000. Grange Capital LLC purchased a new stake in Serve Robotics in the 1st quarter valued at approximately $2,426,000. Landscape Capital Management L.L.C. acquired a new stake in Serve Robotics during the 2nd quarter valued at $1,788,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Serve Robotics during the 2nd quarter valued at $859,000.

Serve Robotics Company Profile

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.