Serve Robotics (SERV) Expected to Announce Earnings on Thursday

Serve Robotics (NASDAQ:SERV) is expected to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Serve Robotics Trading Down 7.1 %

Shares of SERV stock opened at $8.37 on Tuesday. The stock has a 50 day moving average of $15.90 and a two-hundred day moving average of $11.77. Serve Robotics has a 12 month low of $1.77 and a 12 month high of $24.35.

Analyst Upgrades and Downgrades

Separately, Northland Securities set a $23.00 price objective on Serve Robotics in a research report on Tuesday, February 18th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $19.50.

Insiders Place Their Bets

In related news, COO Touraj Parang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $649,500.00. Following the completion of the transaction, the chief operating officer now owns 1,163,439 shares in the company, valued at $15,113,072.61. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ali Kashani sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.52, for a total value of $33,800.00. Following the transaction, the chief executive officer now owns 3,344,498 shares of the company’s stock, valued at $45,217,612.96. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,655 shares of company stock worth $2,673,114. 21.40% of the stock is currently owned by company insiders.

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.