Serve Robotics (NASDAQ:SERV) Trading 1.8% Higher – Time to Buy?

Serve Robotics Inc. (NASDAQ:SERV) was up 1.8% on Friday . The stock traded as high as $15.43 and last traded at $14.84. Approximately 7,142,106 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 9,550,853 shares. The stock had previously closed at $14.58.

Analysts Set New Price Targets

SERV has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a research note on Monday, December 29th. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Northland Securities reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Serve Robotics in a research note on Friday, January 2nd. Citigroup reissued an “outperform” rating on shares of Serve Robotics in a research note on Monday, October 13th. Finally, Loop Capital set a $16.00 target price on Serve Robotics in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Serve Robotics currently has an average rating of “Moderate Buy” and an average price target of $18.80.

Serve Robotics Stock Up 1.8%

The firm has a 50-day moving average of $11.32 and a two-hundred day moving average of $11.66. The company has a market capitalization of $1.11 billion, a PE ratio of -9.96 and a beta of 0.27.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.17). The business had revenue of $0.69 million during the quarter, compared to analyst estimates 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 expect that Serve Robotics Inc. will post -0.98 EPS for the current year.

Insider Activity at Serve Robotics

In other news, insider Anthony Armenta sold 3,893 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $14.27, for a total value of $55,553.11. Following the transaction, the insider directly owned 551,141 shares in the company, valued at approximately $7,864,782.07. This represents a 0.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Touraj Parang sold 4,008 shares of Serve Robotics stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $14.30, for a total transaction of $57,314.40. Following the completion of the sale, the chief operating officer owned 1,329,683 shares of the company’s stock, valued at $19,014,466.90. This trade represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 185,170 shares of company stock valued at $2,122,739 in the last ninety days. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Serve Robotics

A number of hedge funds and other institutional investors have recently bought and sold shares of SERV. Farther Finance Advisors LLC purchased a new stake in Serve Robotics during the third quarter worth about $27,000. Allworth Financial LP increased its stake in Serve Robotics by 316.7% during the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock worth $45,000 after buying an additional 2,964 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Serve Robotics by 166.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock worth $49,000 after buying an additional 2,637 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Serve Robotics in the 2nd quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Serve Robotics in the third quarter worth $59,000.

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.