Serve Robotics FY2025 EPS Forecast Cut by Cantor Fitzgerald

Serve Robotics Inc. (NASDAQ:SERV) – Equities researchers at Cantor Fitzgerald decreased their FY2025 EPS estimates for Serve Robotics in a research report issued to clients and investors on Thursday, November 13th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.74) per share for the year, down from their previous estimate of ($1.17). The consensus estimate for Serve Robotics’ current full-year earnings is ($0.98) per share. Cantor Fitzgerald also issued estimates for Serve Robotics’ FY2026 earnings at ($1.51) EPS.

SERV has been the subject of several other reports. Wedbush started coverage on Serve Robotics in a research report on Wednesday, August 27th. They set an “outperform” rating and a $15.00 price target for the company. Seaport Res Ptn lowered Serve Robotics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Singular Research upgraded Serve Robotics to a “moderate buy” rating in a research note on Tuesday, August 26th. Citigroup reissued an “outperform” rating on shares of Serve Robotics in a research note on Monday, October 13th. Finally, Northland Securities set a $26.00 target price on shares of Serve Robotics in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.33.

Serve Robotics Price Performance

Shares of NASDAQ:SERV opened at $9.34 on Monday. The company’s 50-day moving average price is $12.87 and its two-hundred day moving average price is $11.33. Serve Robotics has a one year low of $4.66 and a one year high of $24.35. The stock has a market capitalization of $559.28 million, a PE ratio of -6.27 and a beta of -0.79.

Insiders Place Their Bets

In other news, CFO Brian Read sold 10,216 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $9.82, for a total transaction of $100,321.12. Following the completion of the sale, the chief financial officer owned 373,263 shares in the company, valued at $3,665,442.66. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ali Kashani sold 164,735 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $10.33, for a total value of $1,701,712.55. Following the transaction, the chief executive officer owned 3,434,002 shares in the company, valued at approximately $35,473,240.66. This trade represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 424,843 shares of company stock worth $4,994,772 in the last 90 days. Corporate insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SERV. Creative Planning boosted its position in shares of Serve Robotics by 14.5% in the third quarter. Creative Planning now owns 14,800 shares of the company’s stock valued at $172,000 after acquiring an additional 1,877 shares during the period. Raymond James Financial Inc. increased its position in Serve Robotics by 10.8% during the third quarter. Raymond James Financial Inc. now owns 312,802 shares of the company’s stock worth $3,638,000 after acquiring an additional 30,496 shares during the period. Virtu Financial LLC increased its position in Serve Robotics by 39.7% during the third quarter. Virtu Financial LLC now owns 66,391 shares of the company’s stock worth $772,000 after acquiring an additional 18,883 shares during the period. Sei Investments Co. acquired a new stake in Serve Robotics in the 3rd quarter worth about $163,000. Finally, BNP Paribas Financial Markets boosted its holdings in Serve Robotics by 74.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,278 shares of the company’s stock valued at $108,000 after purchasing an additional 3,950 shares during the period.

Serve Robotics Company Profile

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.