Serve Robotics (NASDAQ:SERV) Upgraded by Singular Research to "Moderate Buy" Rating

Key Points

• Serve Robotics has been upgraded to a "moderate buy" rating by Singular Research, highlighting positive sentiment about the company's growth prospects.
• Several analysts have varying ratings on Serve Robotics, with a consensus rating of "Buy" and an average price target of $17.75.
• Despite a recent stock drop, Serve Robotics shares are showing significant trading activity, opening at $11.61 and experiencing a 13% increase on the trading day.

Singular Research upgraded shares of Serve Robotics (NASDAQ:SERV - Free Report) to a moderate buy rating in a research report released on Tuesday morning,Zacks.com reports. Singular Research also issued estimates for Serve Robotics' Q3 2025 earnings at ($0.37) EPS, Q4 2025 earnings at ($0.39) EPS, FY2025 earnings at ($1.36) EPS, Q1 2026 earnings at ($0.40) EPS, Q2 2026 earnings at ($0.39) EPS, Q3 2026 earnings at ($0.38) EPS, Q4 2026 earnings at ($0.36) EPS and FY2026 earnings at ($1.53) EPS.

SERV has been the subject of several other reports. Seaport Res Ptn lowered Serve Robotics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Cantor Fitzgerald began coverage on Serve Robotics in a research note on Thursday, May 22nd. They issued an "overweight" rating for the company. Finally, Wedbush began coverage on Serve Robotics in a research note on Wednesday, August 27th. They set an "outperform" rating and a $15.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $17.75.

Serve Robotics Price Performance

Shares of NASDAQ:SERV traded down $0.15 during trading on Tuesday, hitting $11.10. The company had a trading volume of 6,268,033 shares, compared to its average volume of 6,024,773. The stock has a market cap of $664.67 million, a price-to-earnings ratio of -9.65 and a beta of -0.16. Serve Robotics has a one year low of $4.66 and a one year high of $24.35. The company has a fifty day simple moving average of $10.66 and a two-hundred day simple moving average of $9.30.

Serve Robotics (NASDAQ:SERV - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $0.64 million during the quarter, compared to the consensus estimate of $0.63 million. Serve Robotics had a negative net margin of 3,726.00% and a negative return on equity of 36.47%. On average, equities research analysts anticipate that Serve Robotics will post -0.98 earnings per share for the current year.

Insider Activity

In related news, General Counsel Evan Dunn sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $10.01, for a total transaction of $50,050.00. Following the completion of the sale, the general counsel directly owned 230,767 shares of the company's stock, valued at approximately $2,309,977.67. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Read sold 10,216 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $9.82, for a total value of $100,321.12. Following the sale, the chief financial officer directly owned 373,263 shares of the company's stock, valued at $3,665,442.66. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,103 shares of company stock worth $558,253 in the last three months. Corporate insiders own 21.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SERV. Wells Fargo & Company MN increased its holdings in Serve Robotics by 294.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,855 shares of the company's stock worth $147,000 after purchasing an additional 8,100 shares during the period. Raymond James Financial Inc. purchased a new position in Serve Robotics during the 4th quarter worth $1,978,000. Northern Trust Corp increased its holdings in Serve Robotics by 178.0% during the 4th quarter. Northern Trust Corp now owns 31,633 shares of the company's stock worth $427,000 after purchasing an additional 20,253 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Serve Robotics during the 4th quarter worth $1,354,000. Finally, 683 Capital Management LLC purchased a new position in Serve Robotics during the 4th quarter worth $709,000.

About Serve Robotics

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.