Serve Robotics Inc. (NASDAQ:SERV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Serve Robotics Inc. (NASDAQ:SERV) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.5143.

Several equities research analysts have recently issued reports on SERV shares. Freedom Capital cut shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Guggenheim started coverage on shares of Serve Robotics in a research report on Monday, April 20th. They set a “buy” rating and a $13.00 price objective for the company. Cantor Fitzgerald decreased their price objective on shares of Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a research report on Friday, March 27th. Finally, LADENBURG THALM/SH SH lifted their price target on shares of Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research note on Wednesday, May 13th.

Serve Robotics Trading Up 5.1%

Serve Robotics stock opened at $8.81 on Friday. The stock has a market cap of $681.63 million, a P/E ratio of -4.38 and a beta of 0.96. The company has a fifty day simple moving average of $8.99 and a 200-day simple moving average of $10.32. Serve Robotics has a 12-month low of $7.66 and a 12-month high of $18.64.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.08). The firm had revenue of $2.98 million for the quarter, compared to analysts’ expectations of $2.83 million. Serve Robotics had a negative return on equity of 47.31% and a negative net margin of 2,639.98%. As a group, sell-side analysts forecast that Serve Robotics will post -2.57 earnings per share for the current fiscal year.

Insider Activity at Serve Robotics

In related news, insider Anthony Armenta sold 3,567 shares of Serve Robotics stock in a transaction on Friday, March 13th. The shares were sold at an average price of $9.82, for a total transaction of $35,027.94. Following the sale, the insider directly owned 540,919 shares in the company, valued at $5,311,824.58. This trade represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Read sold 2,790 shares of Serve Robotics stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total transaction of $25,919.10. Following the sale, the chief financial officer owned 318,768 shares in the company, valued at $2,961,354.72. This represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,438 shares of company stock valued at $772,667 over the last quarter. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Serve Robotics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Main Management ETF Advisors LLC raised its stake in Serve Robotics by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company’s stock worth $1,731,000 after acquiring an additional 1,704 shares in the last quarter. Creative Planning raised its stake in Serve Robotics by 14.5% during the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock worth $172,000 after acquiring an additional 1,877 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Serve Robotics by 38.0% in the fourth quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company’s stock valued at $73,000 after purchasing an additional 1,927 shares during the period. Thoroughbred Financial Services LLC increased its stake in Serve Robotics by 9.0% in the third quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company’s stock valued at $282,000 after purchasing an additional 2,000 shares during the period. Finally, Phoenix Financial Ltd. increased its stake in Serve Robotics by 13.3% in the third quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company’s stock valued at $198,000 after purchasing an additional 2,000 shares during the period.

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.