Landscape Capital Management L.L.C. Invests $1.79 Million in Serve Robotics Inc. $SERV

Key Points

• Landscape Capital Management initiated a $1.79 million position in Serve Robotics, purchasing 271,781 shares, or approximately 0.31% of the company. Several other institutional investors also established or increased positions.
• Serve Robotics reported weaker-than-expected quarterly results, with an EPS loss of $0.80 versus the $0.69 consensus estimate and revenue of $3.24 million versus $3.51 million expected. The stock opened at $4.98, near its 52-week low of $4.32.
• Analyst sentiment remains mixed but averages a “Moderate Buy” rating, with a consensus price target of $14.80. Company insiders sold shares to cover tax obligations, including transactions by the CEO and CFO.

Landscape Capital Management L.L.C. bought a new position in shares of Serve Robotics Inc. (NASDAQ:SERV - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 271,781 shares of the company's stock, valued at approximately $1,788,000. Landscape Capital Management L.L.C. owned approximately 0.31% of Serve Robotics as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in Serve Robotics in the second quarter valued at about $26,000. Allworth Financial LP acquired a new stake in shares of Serve Robotics during the second quarter worth approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Serve Robotics during the fourth quarter worth approximately $31,000. Quadrant Capital Group LLC bought a new position in shares of Serve Robotics in the fourth quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Serve Robotics by 299.0% in the fourth 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 last quarter.

Serve Robotics Price Performance

Shares of Serve Robotics stock opened at $4.98 on Friday. The firm has a market cap of $431.82 million, a P/E ratio of -2.03 and a beta of 1.34. The firm has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $7.90. Serve Robotics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $18.64.

Serve Robotics (NASDAQ:SERV - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.11). The firm had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million. Serve Robotics had a negative return on equity of 55.34% and a negative net margin of 2,315.80%. On average, sell-side analysts expect that Serve Robotics Inc. will post -2.71 EPS for the current year.

Insider Transactions at Serve Robotics

In other news, CFO Brian Read sold 9,700 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.80, for a total transaction of $46,560.00. Following the completion of the sale, the chief financial officer owned 276,002 shares in the company, valued at $1,324,809.60. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ali Kashani sold 45,158 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.56, for a total value of $205,920.48. Following the transaction, the chief executive officer directly owned 3,232,933 shares in the company, valued at $14,742,174.48. This trade represents a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 156,420 shares of company stock worth $818,258. Insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Freedom Capital upgraded Serve Robotics from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 14th. Cantor Fitzgerald cut Serve Robotics from an "overweight" rating to a "neutral" rating in a report on Friday, August 7th. Weiss Ratings raised Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. LADENBURG THALM/SH SH lifted their price target on Serve Robotics from $15.00 to $16.60 and gave the company a "buy" rating in a report on Wednesday, May 13th. Finally, Oppenheimer reduced their price target on shares of Serve Robotics from $20.00 to $7.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $14.80.

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.

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