Northland Capmk Raises Earnings Estimates for Serve Robotics

Serve Robotics Inc. (NASDAQ:SERV - Free Report) - Investment analysts at Northland Capmk boosted their Q1 2025 earnings estimates for shares of Serve Robotics in a research report issued to clients and investors on Wednesday, January 15th. Northland Capmk analyst M. Latimore now expects that the company will post earnings of ($0.16) per share for the quarter, up from their prior estimate of ($0.20). Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Serve Robotics' current full-year earnings is ($0.98) per share. Northland Capmk also issued estimates for Serve Robotics' Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.14) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.55) EPS, Q1 2026 earnings at ($0.11) EPS, Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.33) EPS and FY2027 earnings at ($0.28) EPS.

SERV has been the subject of a number of other reports. Seaport Res Ptn upgraded Serve Robotics to a "strong-buy" rating in a report on Monday, October 7th. Northland Securities raised their price objective on shares of Serve Robotics from $16.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Serve Robotics in a report on Monday, October 28th. They issued a "buy" rating and a $16.00 price objective for the company. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and an average target price of $19.50.

Serve Robotics Stock Down 3.3 %

NASDAQ SERV traded down $0.62 on Monday, reaching $18.26. The stock had a trading volume of 9,804,907 shares, compared to its average volume of 11,310,806. Serve Robotics has a 12-month low of $1.77 and a 12-month high of $24.35. The stock has a fifty day moving average price of $12.91 and a two-hundred day moving average price of $10.42.

Insider Activity

In related news, CEO Ali Kashani sold 9,719 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $8.77, for a total value of $85,235.63. Following the transaction, the chief executive officer now owns 3,355,238 shares of the company's stock, valued at $29,425,437.26. This represents a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Buckly Jordan sold 64,408 shares of Serve Robotics stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $8.57, for a total value of $551,976.56. Following the sale, the director now directly owns 449,052 shares of the company's stock, valued at $3,848,375.64. This trade represents a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,027 shares of company stock worth $3,309,166. 21.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Serve Robotics

Several hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new position in shares of Serve Robotics in the 3rd quarter valued at $26,000. Bfsg LLC acquired a new position in Serve Robotics in the third quarter valued at $38,000. SG Americas Securities LLC purchased a new position in shares of Serve Robotics during the fourth quarter worth about $114,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Serve Robotics during the third quarter worth about $68,000. Finally, Quantum Private Wealth LLC purchased a new stake in shares of Serve Robotics in the 3rd quarter valued at about $80,000.

About Serve Robotics

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.