Cantor Fitzgerald Predicts Serve Robotics FY2025 Earnings

Serve Robotics Inc. (NASDAQ:SERV - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Serve Robotics in a research note issued on Thursday, May 22nd. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($0.95) per share for the year. Cantor Fitzgerald has a "Overweight" rating on the stock. The consensus estimate for Serve Robotics' current full-year earnings is ($0.98) per share.

Separately, Northland Securities set a $23.00 price target on Serve Robotics in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Strong Buy" and an average price target of $18.67.

Serve Robotics Price Performance

Shares of SERV traded down $0.33 during mid-day trading on Monday, reaching $11.88. The company had a trading volume of 1,576,782 shares, compared to its average volume of 8,011,386. The company has a market capitalization of $677.19 million and a P/E ratio of -11.17. Serve Robotics has a twelve month low of $1.82 and a twelve month high of $24.35. The company's 50-day moving average is $7.30 and its 200-day moving average is $10.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SERV. Uber Technologies Inc bought a new stake in Serve Robotics during the 4th quarter worth about $71,534,000. Raymond James Financial Inc. bought a new stake in shares of Serve Robotics during the fourth quarter worth $1,978,000. Man Group plc bought a new position in Serve Robotics during the 4th quarter worth about $467,000. Geode Capital Management LLC grew its holdings in shares of Serve Robotics by 36.6% during the fourth quarter. Geode Capital Management LLC now owns 178,780 shares of the company's stock worth $2,415,000 after buying an additional 47,927 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Serve Robotics in the fourth quarter valued at approximately $431,000.

Insider Transactions at Serve Robotics

In other Serve Robotics news, CFO Brian Read sold 29,100 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $7.06, for a total value of $205,446.00. Following the completion of the sale, the chief financial officer now owns 240,900 shares in the company, valued at approximately $1,700,754. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 56,869 shares of company stock valued at $440,227. Corporate insiders own 21.40% of the company's stock.

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.