Cantor Fitzgerald Cuts Serve Robotics (NASDAQ:SERV) Price Target to $16.00

Serve Robotics (NASDAQ:SERV) had its price objective decreased by Cantor Fitzgerald from $17.00 to $16.00 in a research report released on Tuesday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other analysts have also commented on the company. LADENBURG THALM/SH SH raised Serve Robotics to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Northland Securities reiterated an “outperform” rating and issued a $26.00 price objective on shares of Serve Robotics in a report on Friday, January 2nd. Loop Capital set a $16.00 target price on Serve Robotics in a research report on Wednesday, December 31st. Finally, Freedom Capital upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $18.60.

Serve Robotics Stock Performance

Shares of NASDAQ SERV opened at $9.13 on Tuesday. The firm’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.60. Serve Robotics has a 52-week low of $4.66 and a 52-week high of $18.64. The company has a market cap of $691.05 million, a PE ratio of -5.74 and a beta of 0.90.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.03. The company had revenue of $0.88 million during the quarter, compared to the consensus estimate of $0.77 million. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. On average, analysts forecast that Serve Robotics will post -0.98 earnings per share for the current fiscal year.

Insider Transactions at Serve Robotics

In related news, COO Touraj Parang sold 3,922 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $9.72, for a total value of $38,121.84. Following the transaction, the chief operating officer directly owned 1,316,205 shares of the company’s stock, valued at approximately $12,793,512.60. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony Armenta sold 3,567 shares of Serve Robotics stock in a transaction on Friday, March 13th. The shares were sold at an average price of $9.82, for a total value of $35,027.94. Following the transaction, the insider owned 540,919 shares in the company, valued at $5,311,824.58. This trade represents a 0.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,604 shares of company stock worth $1,067,547 over the last three months. 5.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in Serve Robotics in the 3rd quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd bought a new stake in Serve Robotics during the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC purchased a new position in Serve Robotics during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Serve Robotics by 299.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after purchasing an additional 2,392 shares during the period. Finally, CWM LLC boosted its position in shares of Serve Robotics by 514.1% in the fourth quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after purchasing an additional 2,879 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.