Wall Street Zen Upgrades Knightscope (NASDAQ:KSCP) to “Hold”

Knightscope (NASDAQ:KSCP) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other brokerages also recently issued reports on KSCP. Ascendiant Capital Markets dropped their price target on shares of Knightscope from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Lake Street Capital dropped their price target on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Finally, HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of Knightscope in a research report on Friday, May 16th.

Knightscope Trading Down 8.9%

Shares of Knightscope stock opened at $5.94 on Monday. The firm has a market capitalization of $48.62 million, a PE ratio of -0.73 and a beta of 1.70. The company has a current ratio of 2.27, a quick ratio of 2.06 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $6.25 and its 200 day moving average is $6.41. Knightscope has a 1 year low of $2.45 and a 1 year high of $28.57.

Knightscope (NASDAQ:KSCP) last posted its earnings results on Thursday, May 15th. The company reported ($1.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.47) by $0.19. Knightscope had a negative net margin of 270.66% and a negative return on equity of 228.33%. The firm had revenue of $2.81 million for the quarter, compared to analyst estimates of $2.55 million. Equities research analysts forecast that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC lifted its stake in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the period. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 at the end of the most recent reporting period. 14.61% of the stock is currently owned by hedge funds and other institutional investors.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.