Knightscope (NASDAQ:KSCP) Given New $27.00 Price Target at Ascendiant Capital Markets

Knightscope (NASDAQ:KSCP) had its price target boosted by Ascendiant Capital Markets from $26.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price suggests a potential upside of 334.08% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Knightscope in a research note on Saturday, September 27th. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Knightscope in a report on Wednesday, September 3rd. Lake Street Capital set a $8.00 price target on shares of Knightscope and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of Knightscope from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

Knightscope Trading Down 2.8%

Shares of NASDAQ:KSCP opened at $6.22 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 1.90. The stock has a market capitalization of $61.25 million, a price-to-earnings ratio of -0.95 and a beta of 1.73. Knightscope has a 1-year low of $2.45 and a 1-year high of $28.57. The company has a 50 day moving average price of $5.80 and a 200 day moving average price of $5.48.

Knightscope (NASDAQ:KSCP) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.90) EPS for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.19. The company had revenue of $2.75 million during the quarter, compared to the consensus estimate of $2.86 million. Knightscope had a negative return on equity of 213.31% and a negative net margin of 282.34%. On average, research analysts anticipate that Knightscope will post -12.15 EPS for the current fiscal year.

Institutional Trading of Knightscope

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Total Investment Management Inc. bought a new position in Knightscope in the 2nd quarter worth approximately $25,000. Virtu Financial LLC acquired a new stake in shares of Knightscope in the first quarter worth $40,000. Jane Street Group LLC bought a new position in Knightscope during the second quarter worth $77,000. Finally, Geode Capital Management LLC raised its stake in Knightscope by 32.5% during the 2nd quarter. Geode Capital Management LLC now owns 53,372 shares of the company’s stock valued at $264,000 after purchasing an additional 13,081 shares during the last quarter. Institutional investors and hedge funds own 14.61% of the company’s stock.

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.