Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) insider Anthony Armenta sold 3,567 shares of Serve Robotics stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $9.82, for a total transaction of $35,027.94. Following the sale, the insider owned 540,919 shares in the company, valued at $5,311,824.58. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Anthony Armenta also recently made the following trade(s):
- On Friday, February 13th, Anthony Armenta sold 3,432 shares of Serve Robotics stock. The shares were sold at an average price of $9.38, for a total transaction of $32,192.16.
- On Wednesday, February 4th, Anthony Armenta sold 3,223 shares of Serve Robotics stock. The shares were sold at an average price of $10.33, for a total transaction of $33,293.59.
- On Tuesday, January 13th, Anthony Armenta sold 3,893 shares of Serve Robotics stock. The shares were sold at an average price of $14.27, for a total transaction of $55,553.11.
Serve Robotics Price Performance
Serve Robotics stock opened at $9.85 on Tuesday. Serve Robotics Inc. has a 12-month low of $4.66 and a 12-month high of $18.64. The company has a market capitalization of $745.55 million, a price-to-earnings ratio of -6.19 and a beta of 0.92. The firm's fifty day moving average price is $11.22 and its 200 day moving average price is $11.64.
Serve Robotics (NASDAQ:SERV - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.46) earnings per share for the quarter, beating analysts' consensus estimates of ($0.49) by $0.03. The company had revenue of $0.88 million during the quarter, compared to analysts' expectations of $0.77 million. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. Analysts forecast that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Serve Robotics
Hedge funds have recently bought and sold shares of the company. Bulltick Wealth Management LLC bought a new position in Serve Robotics during the 2nd quarter worth approximately $355,000. DNB Asset Management AS increased its holdings in shares of Serve Robotics by 163.6% in the 2nd quarter. DNB Asset Management AS now owns 69,737 shares of the company's stock valued at $798,000 after acquiring an additional 43,284 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Serve Robotics by 11.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,109,001 shares of the company's stock valued at $12,898,000 after acquiring an additional 112,718 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Serve Robotics by 176.0% during the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company's stock valued at $10,054,000 after acquiring an additional 560,361 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Serve Robotics during the second quarter worth $126,000.
Analyst Upgrades and Downgrades
SERV has been the subject of a number of analyst reports. Loop Capital set a $16.00 price target on Serve Robotics in a report on Wednesday, December 31st. LADENBURG THALM/SH SH upgraded Serve Robotics to a "strong-buy" rating in a report on Thursday, December 18th. Freedom Capital raised Serve Robotics to a "strong-buy" rating in a research report on Wednesday, December 31st. Northland Securities reiterated an "outperform" rating and set a $26.00 target price on shares of Serve Robotics in a research note on Friday, January 2nd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Serve Robotics in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Serve Robotics currently has an average rating of "Buy" and a consensus price target of $18.80.
Check Out Our Latest Analysis on SERV
About Serve Robotics
(
Get Free Report)
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.
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