Knightscope (NASDAQ:KSCP) Cut to “Sell” at Wall Street Zen

Knightscope (NASDAQ:KSCP) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Knightscope in a research note on Monday, December 29th. Ascendiant Capital Markets decreased their price target on shares of Knightscope from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of Knightscope in a report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Knightscope Trading Down 13.0%

NASDAQ:KSCP opened at $4.81 on Friday. Knightscope has a 12-month low of $2.45 and a 12-month high of $10.14. The firm has a market cap of $53.73 million, a PE ratio of -1.22 and a beta of 1.68. The company has a current ratio of 3.62, a quick ratio of 3.37 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $3.96 and a 200 day moving average price of $4.69.

Knightscope (NASDAQ:KSCP) last issued its quarterly earnings results on Wednesday, April 1st. The company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.19). The company had revenue of $2.54 million for the quarter, compared to analysts’ expectations of $2.50 million. Knightscope had a negative return on equity of 156.57% and a negative net margin of 256.09%. Sell-side analysts anticipate that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Brave Asset Management Inc. acquired a new stake in shares of Knightscope during the 4th quarter worth about $82,000. Concurrent Investment Advisors LLC lifted its stake in Knightscope by 42.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock worth $69,000 after purchasing an additional 5,500 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Knightscope in the third quarter valued at approximately $71,000. Vanguard Group Inc. increased its stake in Knightscope by 9.6% in the third 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 during the last quarter. Finally, Jane Street Group LLC increased its stake 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 purchasing an additional 40,141 shares during the last quarter. 14.61% of the stock is owned by institutional investors and hedge funds.

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.