Serve Robotics (NASDAQ:SERV) Stock Rating Upgraded by Northland Capmk

Posted by ABMN Staff on Oct 21st, 2024

Northland Capmk upgraded shares of Serve Robotics (NASDAQ:SERV – Free Report) to a strong-buy rating in a report released on Friday morning, Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Northland Securities began coverage on Serve Robotics in a report on Friday. They issued an “outperform” rating and a $16.00 price target for the company. Seaport Res Ptn raised shares of Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. Finally, Aegis upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday, July 24th.

View Our Latest Stock Report on Serve Robotics

Serve Robotics Stock Up 9.3 %

SERV opened at $9.36 on Friday. The company has a fifty day moving average price of $8.83. Serve Robotics has a 1 year low of $1.77 and a 1 year high of $24.09.

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

Hedge Funds Weigh In On Serve Robotics

Hedge funds have recently made changes to their positions in the company. Thomist Capital Management LP acquired a new stake in shares of Serve Robotics in the second quarter worth approximately $407,000. PFG Investments LLC purchased a new position in Serve Robotics in the 2nd quarter valued at $110,000. Harbour Capital Advisors LLC acquired a new stake in Serve Robotics during the 3rd quarter worth $198,000. Finally, Bfsg LLC purchased a new stake in shares of Serve Robotics during the third quarter worth $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.