Serve Robotics (NASDAQ:SERV) Stock Price Up 7.2% – Still a Buy?

Serve Robotics Inc. (NASDAQ:SERV)’s stock price traded up 7.2% during mid-day trading on Monday . The stock traded as high as $12.90 and last traded at $12.68. 8,844,203 shares changed hands during trading, a decline of 9% from the average session volume of 9,727,104 shares. The stock had previously closed at $11.83.

Analyst Ratings Changes

SERV has been the subject of several recent research reports. Loop Capital set a $16.00 price target on Serve Robotics in a research note on Wednesday, December 31st. Northland Securities reissued an “outperform” rating and set a $26.00 target price on shares of Serve Robotics in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday, December 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Finally, LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Serve Robotics presently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Serve Robotics Stock Performance

The company’s 50 day simple moving average is $10.98 and its 200-day simple moving average is $11.42. The firm has a market capitalization of $944.44 million, a PE ratio of -8.51 and a beta of 0.27.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings data 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). The business had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.69 million. Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. On average, equities research analysts forecast that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Serve Robotics

In related news, COO Touraj Parang sold 9,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $11.78, for a total transaction of $111,910.00. Following the completion of the transaction, the chief operating officer owned 1,351,091 shares in the company, valued at $15,915,851.98. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Evan Dunn sold 20,458 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $15.09, for a total value of $308,711.22. Following the completion of the sale, the general counsel directly owned 210,309 shares of the company’s stock, valued at $3,173,562.81. The trade was a 8.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 226,533 shares of company stock worth $2,832,641 over the last quarter. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Serve Robotics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. grew its holdings in shares of Serve Robotics by 6.7% in the third quarter. Vontobel Holding Ltd. now owns 22,427 shares of the company’s stock worth $261,000 after acquiring an additional 1,417 shares during the period. Creative Planning boosted its position in shares of Serve Robotics by 14.5% in the third quarter. Creative Planning now owns 14,800 shares of the company’s stock worth $172,000 after purchasing an additional 1,877 shares during the period. Phoenix Financial Ltd. raised its position in shares of Serve Robotics by 13.3% during 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. Thoroughbred Financial Services LLC lifted its position in shares of 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 acquiring an additional 2,000 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in Serve Robotics in the 3rd quarter worth approximately $27,000.

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.