Knightscope (NASDAQ:KSCP) Issues Earnings Results

Knightscope (NASDAQ:KSCP) released its quarterly earnings data on Friday. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.22), Zacks reports. Knightscope had a negative net margin of 257.99% and a negative return on equity of 160.10%. The company had revenue of $6.00 million for the quarter, compared to the consensus estimate of $3.65 million.

Knightscope Price Performance

Shares of KSCP stock opened at $2.95 on Monday. The company has a market capitalization of $48.03 million, a P/E ratio of -0.83 and a beta of 1.26. The company’s 50-day simple moving average is $3.62 and its two-hundred day simple moving average is $4.04. Knightscope has a one year low of $2.76 and a one year high of $10.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.99 and a quick ratio of 3.64.

Hedge Funds Weigh In On Knightscope

A number of institutional investors have recently modified their holdings of the stock. AlphaCentric Advisors LLC purchased a new position in Knightscope during the fourth quarter valued at approximately $278,000. Jane Street Group LLC increased its holdings in Knightscope by 253.0% in the fourth quarter. Jane Street Group LLC now owns 56,004 shares of the company’s stock valued at $208,000 after buying an additional 40,141 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Knightscope during the 3rd quarter worth about $151,000. Vanguard Group Inc. increased its stake in shares of Knightscope by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock valued at $1,597,000 after purchasing an additional 24,283 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in Knightscope in the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 14.61% of the company’s stock.

Wall Street Analyst Weigh In

KSCP has been the topic of several analyst reports. Wall Street Zen downgraded Knightscope from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of Knightscope in a research report on Tuesday, March 31st. Finally, Ascendiant Capital Markets increased their price target on Knightscope from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Knightscope has an average rating of “Moderate Buy” and an average target price of $15.33.

About Knightscope

Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.

Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.