Investors Purchase High Volume of Serve Robotics Call Options (NASDAQ:SERV)

Serve Robotics Inc. (NASDAQ:SERV) was the recipient of unusually large options trading on Monday. Traders bought 16,778 call options on the stock. This is an increase of approximately 33% compared to the typical daily volume of 12,604 call options.

Serve Robotics Price Performance

NASDAQ:SERV opened at $9.07 on Wednesday. The firm has a market capitalization of $701.75 million, a price-to-earnings ratio of -4.51 and a beta of 0.53. Serve Robotics has a 1 year low of $7.66 and a 1 year high of $18.64. The business has a 50 day simple moving average of $8.91 and a 200-day simple moving average of $10.21.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.08). The company had revenue of $2.98 million during the quarter, compared to the consensus estimate of $2.83 million. Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 47.31%. As a group, analysts expect that Serve Robotics will post -2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Anthony Armenta sold 3,567 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $9.82, for a total value of $35,027.94. Following the transaction, the insider owned 540,919 shares of the company’s stock, valued at $5,311,824.58. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Read sold 2,790 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total value of $25,919.10. Following the completion of the transaction, the chief financial officer directly owned 318,768 shares in the company, valued at $2,961,354.72. This trade represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 82,170 shares of company stock worth $760,482 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Serve Robotics

A number of institutional investors and hedge funds have recently modified their holdings of SERV. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Serve Robotics during the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC bought a new stake in shares of Serve Robotics during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in Serve Robotics by 299.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after purchasing an additional 2,392 shares in the last quarter. CWM LLC raised its position in Serve Robotics by 514.1% during the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in Serve Robotics by 149.3% during the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock valued at $39,000 after purchasing an additional 2,240 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. LADENBURG THALM/SH SH raised their price objective on Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Guggenheim assumed coverage on Serve Robotics in a research note on Monday, April 20th. They issued a “buy” rating and a $13.00 price objective on the stock. Freedom Capital downgraded Serve Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a research report on Friday, March 27th. Finally, Cantor Fitzgerald cut their target price on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Serve Robotics has a consensus rating of “Moderate Buy” and a consensus price target of $17.51.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.