Shares of Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $21.10, but opened at $20.31. Serve Robotics shares last traded at $20.60, with a volume of 969,474 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have recently commented on SERV shares. LADENBURG THALM/SH SH initiated coverage on Serve Robotics in a report on Monday, October 28th. They issued a "buy" rating and a $16.00 price objective for the company. Northland Securities boosted their price objective on Serve Robotics from $16.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Strong Buy" and an average price target of $19.50.
Check Out Our Latest Report on SERV
Serve Robotics Price Performance
The company's 50 day moving average is $16.52 and its 200 day moving average is $11.96.
Insider Buying and Selling at Serve Robotics
In related news, CEO Ali Kashani sold 37,500 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.16, for a total value of $793,500.00. Following the completion of the transaction, the chief executive officer now owns 3,230,990 shares of the company's stock, valued at $68,367,748.40. The trade was a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Buckly Jordan sold 64,408 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $8.57, for a total transaction of $551,976.56. Following the sale, the director now directly owns 449,052 shares of the company's stock, valued at $3,848,375.64. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,027 shares of company stock valued at $3,309,166 in the last quarter. Company insiders own 21.40% of the company's stock.
Hedge Funds Weigh In On Serve Robotics
Several hedge funds have recently bought and sold shares of SERV. State Street Corp acquired a new stake in shares of Serve Robotics during the 3rd quarter worth approximately $333,000. Exchange Traded Concepts LLC acquired a new stake in shares of Serve Robotics in the 4th quarter valued at $9,066,000. Atomi Financial Group Inc. acquired a new stake in shares of Serve Robotics in the 4th quarter valued at $209,000. Geode Capital Management LLC increased its stake in shares of Serve Robotics by 128.1% in the 3rd quarter. Geode Capital Management LLC now owns 130,853 shares of the company's stock valued at $1,041,000 after purchasing an additional 73,496 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new position in shares of Serve Robotics during the 3rd quarter worth $9,636,000.
Serve Robotics Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Serve Robotics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serve Robotics wasn't on the list.
While Serve Robotics currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.