Serve Robotics (NASDAQ:SERV) Stock Price Up 1.4% – Should You Buy?

Shares of Serve Robotics Inc. (NASDAQ:SERV) shot up 1.4% on Friday . The company traded as high as $10.52 and last traded at $10.26. 8,944,320 shares changed hands during trading, an increase of 11% from the average session volume of 8,077,102 shares. The stock had previously closed at $10.12.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SERV. Northland Securities set a $26.00 price target on shares of Serve Robotics in a research note on Monday, October 13th. Citigroup reaffirmed an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday. Finally, Singular Research raised Serve Robotics to a “moderate buy” rating in a research note on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Serve Robotics currently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Serve Robotics Stock Performance

The firm has a market cap of $764.16 million, a price-to-earnings ratio of -6.89 and a beta of -0.14. The stock has a 50-day moving average of $11.95 and a 200-day moving average of $11.52.

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 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 company had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.69 million. Sell-side analysts predict that Serve Robotics Inc. will post -0.98 EPS for the current fiscal year.

Insider Transactions at Serve Robotics

In related news, CEO Ali Kashani sold 16,730 shares of Serve Robotics stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $11.87, for a total transaction of $198,585.10. Following the completion of the sale, the chief executive officer directly owned 3,374,862 shares of the company’s stock, valued at approximately $40,059,611.94. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Touraj Parang sold 9,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $11.78, for a total transaction of $111,910.00. Following the completion of the sale, the chief operating officer directly owned 1,351,091 shares of the company’s stock, valued at $15,915,851.98. This represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 230,895 shares of company stock worth $2,895,554. 5.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Capital Fund Management S.A. acquired a new position in Serve Robotics during the first quarter worth about $4,244,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Serve Robotics by 616.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 679,014 shares of the company’s stock valued at $3,972,000 after purchasing an additional 584,302 shares during the last quarter. Bulltick Wealth Management LLC acquired a new position in Serve Robotics during the 2nd quarter worth approximately $355,000. Vontobel Holding Ltd. bought a new position in Serve Robotics in the 2nd quarter valued at approximately $240,000. Finally, Exchange Traded Concepts LLC lifted its stake in Serve Robotics by 12.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 996,283 shares of the company’s stock valued at $11,397,000 after purchasing an additional 113,761 shares during the last quarter.

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.