FY2025 EPS Estimates for Serve Robotics Reduced by Analyst

Serve Robotics Inc. (NASDAQ:SERV) – Investment analysts at Cantor Fitzgerald dropped their FY2025 earnings per share estimates for Serve Robotics in a report released on Thursday, November 13th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings of ($1.74) per share for the year, down from their previous forecast of ($1.17). Cantor Fitzgerald has a “Overweight” rating on the stock. The consensus estimate for Serve Robotics’ current full-year earnings is ($0.98) per share. Cantor Fitzgerald also issued estimates for Serve Robotics’ FY2026 earnings at ($1.51) EPS.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. The firm had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. Serve Robotics has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS.

Several other brokerages have also recently commented on SERV. Singular Research upgraded shares of Serve Robotics to a “moderate buy” rating in a research report on Tuesday, August 26th. Seaport Res Ptn cut shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Citigroup reiterated an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Northland Securities set a $26.00 target price on shares of Serve Robotics in a research note on Monday, October 13th. Finally, Wedbush initiated coverage on shares of Serve Robotics in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $15.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Serve Robotics Stock Up 0.4%

Shares of Serve Robotics stock opened at $8.97 on Monday. The business has a fifty day simple moving average of $12.80 and a 200-day simple moving average of $11.36. Serve Robotics has a fifty-two week low of $4.66 and a fifty-two week high of $24.35. The firm has a market cap of $668.09 million, a price-to-earnings ratio of -6.02 and a beta of -0.80.

Institutional Investors Weigh In On Serve Robotics

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Serve Robotics during the third quarter valued at approximately $27,000. Allworth Financial LP boosted its stake in shares of Serve Robotics by 316.7% during the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock valued at $45,000 after buying an additional 2,964 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Serve Robotics during the 1st quarter valued at $49,000. SBI Securities Co. Ltd. increased its stake in shares of Serve Robotics by 166.8% in the third quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock worth $49,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Serve Robotics during the second quarter worth $55,000.

Insiders Place Their Bets

In other news, insider Anthony Armenta sold 49,082 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $9.32, for a total transaction of $457,444.24. Following the sale, the insider owned 560,037 shares in the company, valued at $5,219,544.84. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Euan Abraham sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $14.99, for a total transaction of $374,750.00. Following the completion of the transaction, the insider directly owned 227,019 shares of the company’s stock, valued at $3,403,014.81. This represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 473,925 shares of company stock valued at $5,452,216 over the last 90 days. 21.40% of the stock is owned by corporate insiders.

About Serve Robotics

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.