Serve Robotics (SERV) Projected to Post Quarterly Earnings on Thursday

Serve Robotics (NASDAQ:SERV - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Thursday, May 8th. Analysts expect Serve Robotics to post earnings of ($0.21) per share and revenue of $0.49 million for the quarter.

Serve Robotics Price Performance

SERV traded down $0.25 on Tuesday, reaching $6.09. 1,304,586 shares of the company traded hands, compared to its average volume of 9,349,905. Serve Robotics has a 52-week low of $1.77 and a 52-week high of $24.35. The company has a market cap of $347.40 million and a price-to-earnings ratio of -5.07. The stock's 50 day moving average price is $6.56 and its 200-day moving average price is $11.02.

Insider Transactions at Serve Robotics

In other news, CFO Brian Read sold 29,100 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $7.06, for a total transaction of $205,446.00. Following the sale, the chief financial officer now directly owns 240,900 shares of the company's stock, valued at $1,700,754. This represents a 10.78 % 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, CEO Ali Kashani sold 3,713 shares of the stock in a transaction on Thursday, February 27th. The shares were 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. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,469 shares of company stock valued at $296,150. Corporate insiders own 21.40% of the company's stock.

Wall Street Analysts Forecast Growth

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