Serve Robotics (NASDAQ:SERV) Shares Gap Up – Here’s Why

Shares of Serve Robotics Inc. (NASDAQ:SERV) gapped up before the market opened on Thursday . The stock had previously closed at $9.55, but opened at $10.35. Serve Robotics shares last traded at $10.2060, with a volume of 1,498,718 shares trading hands.

Key Stores Impacting Serve Robotics

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Oppenheimer initiated coverage with an “Outperform” and a bullish price target; the initiation was highlighted by coverage saying the stock could nearly double, which likely triggered buying and helped lift the shares. Oppenheimer initiation
• Positive Sentiment: Analyst coverage and commentary amplified upside expectations — coverage summarized by The Motley Fool highlighted the new analyst’s conviction and price target upside, supporting short‑term bullish flows. Analyst coverage
• Positive Sentiment: Brokerage/analyst consensus updated to a “Moderate Buy,” which can help sustain interest from institutional and retail investors looking for analyst confirmation. Consensus recommendation
• Neutral Sentiment: Sector comparison piece (SERV vs. UBER) frames Serve as a pure‑play on last‑mile autonomous delivery versus Uber’s diversified exposure — useful context but not an immediate catalyst. Investors may use this to assess relative valuation and strategic runway. SERV vs UBER analysis
• Negative Sentiment: Reports of insider selling triggered a sharp pullback — coverage cited a material insider sale and noted the stock traded down significantly (reports referenced a ~9.6% drop), which can prompt short‑term selling and higher volatility as investors reassess insider timing and potential dilution. Insider selling – down 9.6%

Wall Street Analysts Forecast Growth

SERV has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. Oppenheimer started coverage on shares of Serve Robotics in a report on Thursday. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a report on Monday. Northland Securities set a $26.00 price objective on shares of Serve Robotics in a report on Monday, October 13th. Finally, Citigroup reissued an “outperform” rating on shares of Serve Robotics in a research report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Serve Robotics Price Performance

The company has a market cap of $764.16 million, a PE ratio of -6.89 and a beta of -0.14. The business has a fifty day simple moving average of $11.85 and a two-hundred day simple moving average of $11.51.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%.The business had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.69 million. On average, equities research analysts predict that Serve Robotics Inc. will post -0.98 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Evan Dunn sold 20,458 shares of Serve Robotics stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $15.09, for a total transaction of $308,711.22. Following the completion of the sale, the general counsel directly owned 210,309 shares in the company, valued at approximately $3,173,562.81. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 on Wednesday, November 5th. The shares were sold at an average price of $11.78, for a total transaction of $111,910.00. Following the sale, the chief operating officer directly owned 1,351,091 shares in the company, valued at $15,915,851.98. This trade represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 230,895 shares of company stock valued at $2,895,554. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in Serve Robotics during the third quarter valued at approximately $27,000. Allworth Financial LP increased its holdings in shares of Serve Robotics by 316.7% during the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock valued at $45,000 after purchasing an additional 2,964 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Serve Robotics by 166.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock valued at $49,000 after purchasing an additional 2,637 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Serve Robotics during the second quarter worth $55,000. Finally, Russell Investments Group Ltd. purchased a new stake in Serve Robotics during the third quarter worth $59,000.

About Serve Robotics

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.