Knightscope (NASDAQ:KSCP) Price Target Cut to $21.00 by Analysts at Ascendiant Capital Markets

Knightscope (NASDAQ:KSCP) had its target price lowered by Ascendiant Capital Markets from $23.00 to $21.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock.

KSCP has been the subject of a number of other reports. Lake Street Capital set a $3.00 price target on shares of Knightscope and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Knightscope from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Knightscope in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Knightscope Stock Performance

Shares of KSCP opened at $1.35 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Knightscope has a 1-year low of $1.32 and a 1-year high of $7.62. The stock has a market capitalization of $31.61 million, a P/E ratio of -0.40 and a beta of 1.28. The business’s 50-day moving average price is $1.53 and its 200 day moving average price is $2.59.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.13). The firm had revenue of $9.02 million for the quarter, compared to analyst estimates of $9.00 million. Knightscope had a negative net margin of 217.29% and a negative return on equity of 152.20%. Analysts expect that Knightscope will post -1.91 earnings per share for the current year.

Hedge Funds Weigh In On Knightscope

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of Knightscope during the 4th quarter worth about $26,000. Independent Advisor Alliance acquired a new position in Knightscope during the fourth quarter valued at approximately $37,000. Integrated Advisors Network LLC acquired a new position in Knightscope during the first quarter valued at approximately $43,000. Envestnet Asset Management Inc. bought a new position in shares of Knightscope in the third quarter valued at approximately $71,000. Finally, LPL Financial LLC bought a new position in shares of Knightscope in the fourth quarter valued at approximately $53,000. 14.61% of the stock is owned by institutional investors and hedge funds.

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.