Serve Robotics Inc. (NASDAQ:SERV) Given Average Recommendation of “Buy” by Analysts

Serve Robotics Inc. (NASDAQ:SERV) has received a consensus rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.80.

Several equities analysts have recently issued reports on SERV shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Northland Securities reissued an “outperform” rating and set a $26.00 price objective on shares of Serve Robotics in a research report on Friday, January 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a research note on Monday, December 29th. Loop Capital set a $16.00 target price on shares of Serve Robotics in a report on Wednesday, December 31st. Finally, LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th.

Insider Activity at Serve Robotics

In other Serve Robotics news, insider Euan Abraham sold 3,284 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $33,923.72. Following the sale, the insider directly owned 238,412 shares in the company, valued at approximately $2,462,795.96. This trade represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Evan Dunn sold 2,700 shares of Serve Robotics stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total value of $27,891.00. Following the completion of the sale, the general counsel directly owned 203,520 shares of the company’s stock, valued at approximately $2,102,361.60. The trade was a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,043 shares of company stock valued at $1,361,509 over the last ninety days. Corporate insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in shares of Serve Robotics during the third quarter valued at $27,000. Gordian Capital Singapore Pte Ltd purchased a new position in Serve Robotics in the 4th quarter worth about $31,000. Quadrant Capital Group LLC bought a new position in Serve Robotics during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its stake in Serve Robotics by 299.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after acquiring an additional 2,392 shares during the period. Finally, CWM LLC boosted its holdings in shares of Serve Robotics by 514.1% during the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after acquiring an additional 2,879 shares during the last quarter.

Serve Robotics Trading Up 0.5%

Serve Robotics stock opened at $9.49 on Tuesday. Serve Robotics has a 12 month low of $4.66 and a 12 month high of $18.64. The company has a market capitalization of $706.82 million, a price-to-earnings ratio of -6.37 and a beta of 0.92. The business’s fifty day simple moving average is $11.35 and its two-hundred day simple moving average is $11.67.

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.