Knightscope (NASDAQ:KSCP) Rating Increased to Hold at Wall Street Zen

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.

Wall Street Zen upgraded shares of Knightscope (NASDAQ:KSCP - Free Report) from a sell rating to a hold rating in a report released on Monday morning.

Several other research firms have also recently issued reports on KSCP. Lake Street Capital decreased their target price on shares of Knightscope from $17.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. HC Wainwright reiterated a "buy" rating and issued a $12.00 target price on shares of Knightscope in a research note on Friday, May 16th. Finally, Ascendiant Capital Markets decreased 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 Stock Up 3.4%

Shares of Knightscope stock traded up $0.19 on Monday, reaching $5.78. The stock had a trading volume of 270,193 shares, compared to its average volume of 375,420. The company has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.40. The company has a quick ratio of 2.06, a current ratio of 2.27 and a debt-to-equity ratio of 0.22. Knightscope has a 1 year low of $2.45 and a 1 year high of $28.57. The stock has a market capitalization of $47.35 million, a P/E ratio of -0.71 and a beta of 1.70.

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

Institutional Investors Weigh In On Knightscope

A hedge fund recently bought a new stake in Knightscope stock. Virtu Financial LLC purchased a new position in Knightscope, Inc. (NASDAQ:KSCP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,248 shares of the company's stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.21% of Knightscope as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 14.61% of the company's stock.

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.