Ascendiant Capital Markets Lowers Knightscope (NASDAQ:KSCP) Price Target to $21.00

Knightscope (NASDAQ:KSCP) had its target price decreased by equities research analysts at Ascendiant Capital Markets from $23.00 to $21.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock.

Other research analysts also recently issued research reports about the stock. Lake Street Capital set a $3.00 price objective on shares of Knightscope and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Knightscope in a research report on Friday, September 4th. Finally, Wall Street Zen upgraded Knightscope from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Knightscope Price Performance

Shares of NASDAQ:KSCP opened at $1.35 on Monday. The company has a market cap of $31.61 million, a price-to-earnings ratio of -0.40 and a beta of 1.28. The business has a 50 day moving average price of $1.53 and a 200 day moving average price of $2.59. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. Knightscope has a twelve month low of $1.32 and a twelve month high of $7.62.

Knightscope (NASDAQ:KSCP) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.13). The business had revenue of $9.02 million for the quarter, compared to analyst estimates of $9.00 million. Knightscope had a negative return on equity of 152.20% and a negative net margin of 217.29%. Research analysts predict that Knightscope will post -1.91 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Integrated Advisors Network LLC bought a new stake in shares of Knightscope in the 1st quarter worth about $43,000. Welch Group LLC bought a new stake in Knightscope during the first quarter worth about $83,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Knightscope during the fourth quarter worth approximately $71,000. Jane Street Group LLC raised its stake in shares of Knightscope by 253.0% in the fourth quarter. Jane Street Group LLC now owns 56,004 shares of the company’s stock valued at $208,000 after acquiring an additional 40,141 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new stake in Knightscope during the 4th quarter worth approximately $278,000. 14.61% of the stock is currently owned by institutional investors and hedge funds.

Knightscope Company Profile

Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.

Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.