Serve Robotics (NASDAQ:SERV) Stock Price Up 9.7% – What’s Next?

Shares of Serve Robotics Inc. (NASDAQ:SERV) were up 9.7% on Thursday . The company traded as high as $9.80 and last traded at $9.88. Approximately 1,365,994 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 8,122,549 shares. The stock had previously closed at $9.01.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SERV. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a research note on Monday. Seaport Res Ptn downgraded shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Citigroup restated an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research note on Monday. Finally, Wedbush assumed coverage on shares of Serve Robotics in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $15.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Serve Robotics Stock Up 0.5%

The stock’s fifty day simple moving average is $12.77 and its two-hundred day simple moving average is $11.34. The firm has a market cap of $674.34 million, a PE ratio of -6.10 and a beta of -0.80.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. The company had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. Serve Robotics has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ali Kashani sold 164,735 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $10.33, for a total value of $1,701,712.55. Following the completion of the transaction, the chief executive officer owned 3,434,002 shares in the company, valued at $35,473,240.66. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Touraj Parang sold 53,690 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $10.35, for a total value of $555,691.50. Following the completion of the transaction, the chief operating officer directly owned 1,365,416 shares of the company’s stock, valued at approximately $14,132,055.60. This trade represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 473,925 shares of company stock worth $5,452,216 in the last three months. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Serve Robotics

Institutional investors and hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS bought a new stake in Serve Robotics during the 1st quarter worth approximately $49,000. Phoenix Financial Ltd. purchased a new position in shares of Serve Robotics in the first quarter valued at about $87,000. Arkadios Wealth Advisors purchased a new stake in shares of Serve Robotics during the first quarter worth about $74,000. Charles Schwab Investment Management Inc. raised its stake in Serve Robotics by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,728 shares of the company’s stock valued at $73,000 after purchasing an additional 1,545 shares during the period. Finally, Swiss National Bank purchased a new position in Serve Robotics in the 1st quarter worth approximately $305,000.

Serve Robotics Company Profile

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.