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

Serve Robotics Inc. (NASDAQ:SERV)’s share price rose 3% during trading on Tuesday . The company traded as high as $10.54 and last traded at $10.10. Approximately 6,081,117 shares were traded during trading, a decline of 24% from the average daily volume of 7,982,659 shares. The stock had previously closed at $9.81.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Thursday, December 18th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Northland Securities set a $26.00 price target on shares of Serve Robotics in a research report on Monday, October 13th. Oppenheimer assumed coverage on shares of Serve Robotics in a research note on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Serve Robotics Stock Up 3.0%

The stock’s fifty day simple moving average is $11.22 and its two-hundred day simple moving average is $11.43. The firm 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 earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share (EPS) 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 business had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $0.69 million. On average, equities research analysts anticipate that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Serve Robotics

In other Serve Robotics news, CEO Ali Kashani sold 16,730 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $11.87, for a total value of $198,585.10. Following the sale, the chief executive officer directly owned 3,374,862 shares of the company’s stock, valued at approximately $40,059,611.94. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Evan Dunn sold 20,458 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $15.09, for a total value of $308,711.22. Following the transaction, the general counsel owned 210,309 shares of the company’s stock, valued at $3,173,562.81. The trade was a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 224,670 shares of company stock valued at $2,813,321 in the last ninety days. Corporate insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cambria Investment Management L.P. increased its position in shares of Serve Robotics by 25.0% during the third quarter. Cambria Investment Management L.P. now owns 74,391 shares of the company’s stock valued at $865,000 after acquiring an additional 14,877 shares in the last quarter. Captrust Financial Advisors boosted its stake in Serve Robotics by 23.0% during the 3rd quarter. Captrust Financial Advisors now owns 589,441 shares of the company’s stock valued at $6,855,000 after purchasing an additional 110,094 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Serve Robotics by 258.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,432 shares of the company’s stock worth $98,000 after purchasing an additional 6,080 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Serve Robotics by 6.4% in the third quarter. Advisory Services Network LLC now owns 46,448 shares of the company’s stock worth $540,000 after purchasing an additional 2,797 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Serve Robotics by 101.0% during the third quarter. Verition Fund Management LLC now owns 127,515 shares of the company’s stock valued at $1,483,000 after purchasing an additional 64,068 shares in the last quarter.

About Serve Robotics

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.