Wall Street Zen Upgrades Knightscope (NASDAQ:KSCP) to Hold

Key Points

• Wall Street Zen upgraded Knightscope (NASDAQ:KSCP) from a "sell" rating to a "hold" rating, signaling a more favorable outlook on the stock.
• Knightscope's recent quarterly earnings report showed a loss of ($1.28) EPS, outperforming expectations, with revenues of $2.81 million for the quarter.
• Institutional investors are showing interest in Knightscope, with Virtu Financial LLC acquiring approximately 14,248 shares valued at around $40,000.

Knightscope (NASDAQ:KSCP - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Monday.

A number of other research analysts also recently issued reports on the stock. Lake Street Capital lowered their price objective on Knightscope from $17.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. HC Wainwright restated a "buy" rating and set a $12.00 price objective on shares of Knightscope in a report on Friday, May 16th. Finally, Ascendiant Capital Markets lowered their target price on shares of Knightscope from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, June 6th.

Knightscope Trading Down 6.5%

KSCP opened at $7.01 on Monday. The stock's 50 day moving average price is $6.24 and its 200-day moving average price is $6.45. The stock has a market cap of $57.41 million, a price-to-earnings ratio of -0.86 and a beta of 1.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.06 and a current ratio of 2.27. Knightscope has a one year low of $2.45 and a one year high of $28.57.

Knightscope (NASDAQ:KSCP - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($1.28) EPS for the quarter, topping the consensus estimate of ($1.47) by $0.19. Knightscope had a negative return on equity of 228.33% and a negative net margin of 270.66%. The company had revenue of $2.81 million for the quarter, compared to the consensus estimate of $2.55 million. On average, equities analysts forecast that Knightscope will post -12.15 EPS for the current year.

Institutional Investors Weigh In On Knightscope

An institutional investor recently bought a new position in Knightscope stock. Virtu Financial LLC purchased a new stake in Knightscope, Inc. (NASDAQ:KSCP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,248 shares of the company's stock, valued at approximately $40,000. Virtu Financial LLC owned 0.21% of Knightscope as of its most recent filing with the SEC. 14.61% of the stock is currently owned by hedge funds and other institutional investors.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.

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