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

Key Points

• Serve Robotics is set to release its Q2 2025 earnings on August 7th, with expectations of a loss of ($0.23) per share and revenue of $0.63 million.
• The company has received a consensus "Buy" rating from analysts, with Cantor Fitzgerald recently initiating coverage and setting an average target price of $18.67.
• Insider trading activity includes a significant share sale by Director David Michael Goldberg, who sold 10,700 shares and now owns 50,725 shares in the company.

Serve Robotics (NASDAQ:SERV - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of ($0.23) per share and revenue of $0.63 million for the quarter.

Serve Robotics Stock Down 1.8%

Shares of Serve Robotics stock traded down $0.18 during midday trading on Friday, hitting $10.01. The company's stock had a trading volume of 3,855,589 shares, compared to its average volume of 5,185,340. The firm has a market capitalization of $570.67 million, a P/E ratio of -9.44 and a beta of -0.07. The stock has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $10.49. Serve Robotics has a 1-year low of $4.66 and a 1-year high of $24.35.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald started coverage on Serve Robotics in a research report on Thursday, May 22nd. They issued an "overweight" rating for the company. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $18.67.

Insiders Place Their Bets

In related news, CFO Brian Read sold 2,000 shares of Serve Robotics stock in a transaction on Monday, June 9th. The stock was sold at an average price of $12.59, for a total transaction of $25,180.00. Following the completion of the sale, the chief financial officer owned 217,705 shares of the company's stock, valued at approximately $2,740,905.95. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Michael Goldberg sold 10,700 shares of Serve Robotics stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $10.63, for a total value of $113,741.00. Following the sale, the director directly owned 50,725 shares of the company's stock, valued at approximately $539,206.75. The trade was a 17.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,863 shares of company stock valued at $379,550. Insiders own 5.50% of the company's stock.

Institutional Trading of Serve Robotics

An institutional investor recently raised its position in Serve Robotics stock. Goldman Sachs Group Inc. boosted its position in shares of Serve Robotics Inc. (NASDAQ:SERV - Free Report) by 280.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,138 shares of the company's stock after purchasing an additional 219,018 shares during the period. Goldman Sachs Group Inc. owned 0.52% of Serve Robotics worth $1,709,000 at the end of the most recent reporting period.

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.