Knightscope (NASDAQ:KSCP) Price Target Lowered to $25.00 at Ascendiant Capital Markets

Knightscope (NASDAQ:KSCP) had its price target reduced by equities research analysts at Ascendiant Capital Markets from $27.00 to $25.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective would suggest a potential upside of 464.33% from the company’s current price.

A number of other research analysts have also commented on KSCP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Knightscope in a report on Monday. HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of Knightscope in a research report on Wednesday, September 3rd. Finally, Lake Street Capital set a $8.00 price target on Knightscope and gave the company a “buy” rating in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Knightscope presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Knightscope Stock Performance

NASDAQ KSCP opened at $4.43 on Thursday. The company has a current ratio of 3.62, a quick ratio of 3.37 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.78. The firm has a market capitalization of $49.48 million, a P/E ratio of -1.12 and a beta of 1.71. Knightscope has a 1 year low of $2.45 and a 1 year high of $17.79.

Knightscope (NASDAQ:KSCP) last posted its earnings results on Wednesday, November 12th. The company reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.26). Knightscope had a negative return on equity of 156.57% and a negative net margin of 256.09%.The business had revenue of $3.13 million for the quarter, compared to analyst estimates of $2.63 million. As a group, research analysts anticipate that Knightscope will post -12.15 EPS for the current year.

Institutional Investors Weigh In On Knightscope

Several hedge funds have recently added to or reduced their stakes in KSCP. Total Investment Management Inc. acquired a new stake in Knightscope in the second quarter valued at $25,000. Virtu Financial LLC acquired a new position in shares of Knightscope in the first quarter worth approximately $40,000. Envestnet Asset Management Inc. bought a new stake in shares of Knightscope in the 3rd quarter valued at $71,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Knightscope during the third quarter worth $75,000. Finally, Jane Street Group LLC bought a new stake in Knightscope during the second quarter valued at $77,000. 14.61% of the stock is currently owned by institutional investors and hedge funds.

Knightscope Company Profile

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.