Serve Robotics (NASDAQ:SERV) Rating Increased to Moderate Buy at Singular Research

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 note 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.

A number of other research analysts also recently issued reports on SERV. Cantor Fitzgerald initiated coverage on Serve Robotics in a research note on Thursday, May 22nd. They set an "overweight" rating for the company. Wedbush started coverage on shares of Serve Robotics in a report on Wednesday. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Seaport Res Ptn cut shares of Serve Robotics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.75.

Serve Robotics Stock Performance

Shares of SERV stock traded down $0.15 during mid-day trading on Tuesday, reaching $11.10. 6,268,033 shares of the company's stock traded hands, compared to its average volume of 5,903,057. The firm has a market capitalization of $664.67 million, a PE ratio of -9.65 and a beta of -0.11. Serve Robotics has a 12 month low of $4.66 and a 12 month high of $24.35. The firm has a 50 day moving average price of $10.66 and a two-hundred day moving average price of $9.46.

Serve Robotics (NASDAQ:SERV - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.13). Serve Robotics had a negative return on equity of 36.47% and a negative net margin of 3,726.00%.The company had revenue of $0.64 million during the quarter, compared to the consensus estimate of $0.63 million. As a group, equities analysts expect that Serve Robotics will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Serve Robotics news, COO Touraj Parang sold 5,565 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $10.64, for a total value of $59,211.60. Following the sale, the chief operating officer owned 1,419,106 shares in the company, valued at $15,099,287.84. The trade was a 0.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony Armenta sold 2,915 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $10.68, for a total transaction of $31,132.20. Following the transaction, the insider directly owned 612,664 shares of the company's stock, valued at $6,543,251.52. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,103 shares of company stock worth $558,253 in the last 90 days. 5.50% of the stock is owned by company insiders.

Institutional Trading of Serve Robotics

A number of large investors have recently added to or reduced their stakes in SERV. Capital Fund Management S.A. purchased a new position in shares of Serve Robotics in the first quarter valued at $4,244,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Serve Robotics by 616.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 679,014 shares of the company's stock valued at $3,972,000 after purchasing an additional 584,302 shares in the last quarter. Geode Capital Management LLC lifted its position in Serve Robotics by 176.0% during the second quarter. Geode Capital Management LLC now owns 878,668 shares of the company's stock valued at $10,054,000 after purchasing an additional 560,361 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Serve Robotics in the 1st quarter worth $2,064,000. Finally, Captrust Financial Advisors bought a new stake in shares of Serve Robotics in the 4th quarter worth about $3,672,000.

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.