Serve Robotics (NASDAQ:SERV - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, August 7th. Analysts expect Serve Robotics to post earnings of ($0.23) per share and revenue of $0.63 million for the quarter.
Serve Robotics Stock Performance
Shares of Serve Robotics stock traded up $0.62 during trading hours on Monday, hitting $10.63. The company's stock had a trading volume of 2,364,579 shares, compared to its average volume of 7,287,383. The firm has a fifty day moving average of $11.24 and a 200-day moving average of $10.38. Serve Robotics has a twelve month low of $4.66 and a twelve month high of $24.35. The stock has a market cap of $606.24 million, a price-to-earnings ratio of -10.01 and a beta of -0.11.
Analyst Ratings Changes
Separately, Cantor Fitzgerald assumed coverage on Serve Robotics in a research note on Thursday, May 22nd. They set an "overweight" rating on the stock. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $18.67.
View Our Latest Stock Analysis on Serve Robotics
Insider Transactions at Serve Robotics
In other Serve Robotics news, Director David Michael Goldberg sold 10,700 shares of the business's 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian Read sold 2,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $12.59, for a total transaction of $25,180.00. Following the completion of the transaction, the chief financial officer directly owned 217,705 shares in the company, valued at $2,740,905.95. This represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,863 shares of company stock worth $379,550 in the last ninety days. 21.40% of the stock is owned by corporate insiders.
Institutional Trading of Serve Robotics
An institutional investor recently raised its position in Serve Robotics stock. Goldman Sachs Group Inc. boosted its position in Serve Robotics Inc. (NASDAQ:SERV - Free Report) by 280.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,138 shares of the company's stock after acquiring an additional 219,018 shares during the quarter. Goldman Sachs Group Inc. owned 0.52% of Serve Robotics worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.
About Serve Robotics
(
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.
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