Serve Robotics (NASDAQ:SERV) Now Covered by Northland Securities

Posted by Scott Moore on Oct 22nd, 2024

Northland Securities initiated coverage on shares of Serve Robotics (NASDAQ:SERV – Free Report) in a report published on Friday, Marketbeat reports. The brokerage issued an outperform rating and a $16.00 target price on the stock.

Other analysts also recently issued research reports about the stock. Aegis upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, July 24th. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Monday, October 7th.

Read Our Latest Research Report on SERV

Serve Robotics Stock Performance

Shares of Serve Robotics stock opened at $10.17 on Friday. Serve Robotics has a twelve month low of $1.77 and a twelve month high of $24.09. The company has a 50-day moving average of $8.80.

Serve Robotics (NASDAQ:SERV – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.27) EPS for the quarter. The business had revenue of $0.47 million during the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative return on equity of 728.80%. Sell-side analysts forecast that Serve Robotics will post -0.94 EPS for the current year.

Institutional Trading of Serve Robotics

A number of hedge funds and other institutional investors have recently made changes to their positions in SERV. Thomist Capital Management LP acquired a new stake in shares of Serve Robotics during the 2nd quarter worth approximately $407,000. PFG Investments LLC acquired a new stake in shares of Serve Robotics during the 2nd quarter worth approximately $110,000. Harbour Capital Advisors LLC acquired a new stake in shares of Serve Robotics during the 3rd quarter worth approximately $198,000. Finally, Bfsg LLC acquired a new stake in shares of Serve Robotics during the 3rd quarter worth approximately $38,000.

Serve Robotics Company Profile

(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.