Serve Robotics (NASDAQ:SERV) Issues Quarterly Earnings Results

Serve Robotics (NASDAQ:SERV - Get Free Report) issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02), Zacks reports. The business had revenue of $0.44 million for the quarter, compared to analysts' expectations of $0.49 million. Serve Robotics had a negative net margin of 1,972.12% and a negative return on equity of 184.60%. Serve Robotics updated its Q2 2025 guidance to EPS.

Serve Robotics Price Performance

Shares of SERV stock traded down $0.06 during trading hours on Thursday, reaching $8.97. The company had a trading volume of 2,122,531 shares, compared to its average volume of 9,546,191. The company has a 50 day moving average of $6.46 and a 200 day moving average of $10.90. The firm has a market cap of $511.41 million and a price-to-earnings ratio of -8.44. Serve Robotics has a 1-year low of $1.77 and a 1-year high of $24.35.

Insider Activity

In other news, CEO Ali Kashani sold 3,713 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $9.21, for a total value of $34,196.73. Following the completion of the transaction, the chief executive officer now owns 3,225,852 shares in the company, valued at $29,710,096.92. This trade represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Read sold 8,900 shares of Serve Robotics stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $8.95, for a total value of $79,655.00. Following the transaction, the chief financial officer now owns 225,000 shares of the company's stock, valued at $2,013,750. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,834 shares of company stock valued at $447,179 in the last 90 days. 5.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Northland Securities set a $23.00 price target on Serve Robotics in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average target price of $19.50.

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.