Serve Robotics (NASDAQ:SERV) Trading Up 3% – What’s Next?

Serve Robotics Inc. (NASDAQ:SERV) shot up 3% on Tuesday . The stock traded as high as $10.54 and last traded at $10.10. 6,081,117 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 7,982,659 shares. The stock had previously closed at $9.81.

Analyst Upgrades and Downgrades

SERV has been the subject of several analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Oppenheimer assumed coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Citigroup reaffirmed an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a research note on Monday. Finally, Northland Securities set a $26.00 price target on shares of Serve Robotics in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Serve Robotics Stock Performance

The stock’s 50 day moving average price is $11.22 and its 200-day moving average price is $11.43. The company has a market cap of $752.28 million, a PE ratio of -6.78 and a beta of -0.10.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.17). The company had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.69 million. Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%. On average, analysts anticipate that Serve Robotics Inc. will post -0.98 EPS for the current year.

Insider Buying and Selling

In related news, insider Anthony Armenta sold 5,003 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $11.96, for a total transaction of $59,835.88. Following the completion of the sale, the insider directly owned 555,034 shares in the company, valued at $6,638,206.64. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ali Kashani sold 16,730 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $11.87, for a total transaction of $198,585.10. Following the sale, the chief executive officer directly owned 3,374,862 shares of the company’s stock, valued at $40,059,611.94. The trade was a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 224,670 shares of company stock worth $2,813,321. 21.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Serve Robotics

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Serve Robotics by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,728 shares of the company’s stock worth $73,000 after purchasing an additional 1,545 shares during the period. PEAK6 LLC raised its position in Serve Robotics by 377.7% during the 1st quarter. PEAK6 LLC now owns 15,314 shares of the company’s stock valued at $88,000 after purchasing an additional 20,829 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Serve Robotics during the 1st quarter valued at approximately $2,064,000. Bosun Asset Management LLC purchased a new stake in Serve Robotics in the 1st quarter worth approximately $129,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Serve Robotics by 616.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 679,014 shares of the company’s stock worth $3,972,000 after buying an additional 584,302 shares during the last quarter.

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.