Serve Robotics Inc. (NASDAQ:SERV) Receives $18.80 Average Target Price from Analysts

Shares of Serve Robotics Inc. (NASDAQ:SERV) have received a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.80.

Several analysts recently commented on SERV shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Oppenheimer assumed coverage on shares of Serve Robotics in a research note on Thursday, December 18th. They issued an “outperform” rating and a $20.00 target price on the stock. Northland Securities reaffirmed an “outperform” rating and issued a $26.00 target price on shares of Serve Robotics in a report on Friday, January 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Finally, Loop Capital set a $16.00 price objective on shares of Serve Robotics in a research note on Wednesday, December 31st.

Insider Buying and Selling at Serve Robotics

In other news, insider Anthony Armenta sold 3,432 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $9.38, for a total transaction of $32,192.16. Following the sale, the insider owned 544,486 shares in the company, valued at approximately $5,107,278.68. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Evan Dunn sold 2,700 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $10.33, for a total value of $27,891.00. Following the completion of the sale, the general counsel owned 203,520 shares of the company’s stock, valued at approximately $2,102,361.60. This trade represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,009 shares of company stock worth $1,363,194 over the last 90 days. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Serve Robotics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new position in shares of Serve Robotics during the third quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in Serve Robotics during the 4th quarter worth $31,000. Quadrant Capital Group LLC acquired a new position in Serve Robotics during the 4th quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in Serve Robotics by 299.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after buying an additional 2,392 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Serve Robotics by 514.1% in the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after buying an additional 2,879 shares during the period.

Serve Robotics Trading Down 1.6%

NASDAQ SERV opened at $9.68 on Tuesday. The stock’s 50 day moving average is $11.37 and its two-hundred day moving average is $11.64. The company has a market capitalization of $720.97 million, a price-to-earnings ratio of -6.50 and a beta of 0.90. Serve Robotics has a 1-year low of $4.66 and a 1-year high of $18.64.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.