Analysts Issue Forecasts for Serve Robotics FY2025 Earnings

Key Points

• Analysts at Cantor Fitzgerald have revised their FY2025 EPS estimate for Serve Robotics to (1.17), down from (0.95), indicating a decline in expected earnings.
• Seaport Res Ptn downgraded Serve Robotics from a "strong-buy" to a "hold" rating, while the average target price for the stock remains at $18.67.
• Serve Robotics reported a quarterly EPS of (0.36), missing the consensus estimate of (0.23) by (0.13), alongside generating revenue of $0.64 million.

Serve Robotics Inc. (NASDAQ:SERV - Free Report) - Investment analysts at Cantor Fitzgerald dropped their FY2025 EPS estimates for shares of Serve Robotics in a research note issued to investors on Tuesday, August 12th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.17) per share for the year, down from their previous estimate of ($0.95). Cantor Fitzgerald has a "Overweight" rating on the stock. The consensus estimate for Serve Robotics' current full-year earnings is ($0.98) per share. Cantor Fitzgerald also issued estimates for Serve Robotics' FY2026 earnings at ($1.11) EPS.

Separately, Seaport Res Ptn downgraded Serve Robotics from a "strong-buy" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Serve Robotics currently has an average rating of "Buy" and an average price target of $18.67.

Serve Robotics Price Performance

SERV stock opened at $10.13 on Thursday. Serve Robotics has a 1-year low of $4.66 and a 1-year high of $24.35. The company has a market capitalization of $606.82 million, a price-to-earnings ratio of -8.85 and a beta of -0.11. The business has a 50 day simple moving average of $11.00 and a two-hundred day simple moving average of $10.05.

Serve Robotics (NASDAQ:SERV - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.13). Serve Robotics had a negative return on equity of 36.47% and a negative net margin of 3,726.00%. The firm had revenue of $0.64 million during the quarter, compared to analysts' expectations of $0.63 million.

Institutional Trading of Serve Robotics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of Serve Robotics by 316.7% during the second quarter. Allworth Financial LP now owns 3,900 shares of the company's stock valued at $45,000 after buying an additional 2,964 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Serve Robotics during the first quarter valued at about $49,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Serve Robotics during the first quarter valued at about $49,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Serve Robotics during the second quarter valued at about $55,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Serve Robotics by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,728 shares of the company's stock valued at $73,000 after buying an additional 1,545 shares during the last quarter.

Insider Activity at Serve Robotics

In related news, COO Touraj Parang sold 5,565 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $10.64, for a total value of $59,211.60. Following the completion of the sale, the chief operating officer directly owned 1,419,106 shares in the company, valued at $15,099,287.84. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Read sold 2,592 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $10.64, for a total value of $27,578.88. Following the completion of the sale, the chief financial officer owned 393,674 shares of the company's stock, valued at approximately $4,188,691.36. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,182 shares of company stock valued at $470,822 over the last quarter. 5.50% of the stock is currently owned by insiders.

Serve Robotics Company Profile

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.

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