Serve Robotics Inc. (NASDAQ:SERV) Receives $18.80 Consensus PT from Brokerages

Serve Robotics Inc. (NASDAQ:SERV) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.80.

A number of equities research analysts have commented on SERV shares. Freedom Capital raised Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. Loop Capital set a $16.00 price target on shares of Serve Robotics in a research report on Wednesday, December 31st. Cantor Fitzgerald restated an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. Northland Securities reiterated an “outperform” rating and set a $26.00 price objective on shares of Serve Robotics in a report on Friday, January 2nd. Finally, Oppenheimer initiated coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They set an “outperform” rating and a $20.00 target price for the company.

Serve Robotics Stock Down 3.2%

Serve Robotics stock opened at $10.34 on Friday. The company has a market capitalization of $770.12 million, a PE ratio of -6.94 and a beta of 0.33. Serve Robotics has a 12-month low of $4.66 and a 12-month high of $23.10. The firm’s fifty day moving average is $12.01 and its 200 day moving average is $11.74.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.69 million. Sell-side analysts expect that Serve Robotics will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ali Kashani sold 8,101 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total value of $83,683.33. Following the transaction, the chief executive officer owned 3,357,673 shares in the company, valued at $34,684,762.09. The trade was a 0.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Evan Dunn sold 2,700 shares of Serve Robotics stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total value of $27,891.00. Following the sale, the general counsel owned 203,520 shares in the company, valued at $2,102,361.60. This trade represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 154,571 shares of company stock valued at $1,748,121 over the last 90 days. 21.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SERV. Vontobel Holding Ltd. increased its position in shares of Serve Robotics by 6.7% during the third quarter. Vontobel Holding Ltd. now owns 22,427 shares of the company’s stock valued at $261,000 after buying an additional 1,417 shares during the period. Main Management ETF Advisors LLC increased its holdings 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 during the period. Creative Planning lifted its stake in Serve Robotics by 14.5% in the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock worth $172,000 after purchasing an additional 1,877 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in Serve Robotics by 13.3% in the 3rd 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. Finally, Thoroughbred Financial Services LLC boosted its holdings in Serve Robotics by 9.0% in the 3rd 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.

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.