Knightscope (NASDAQ:KSCP) Stock Rating Lowered by Wall Street Zen

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

Several other analysts also recently weighed in on the company. Ascendiant Capital Markets reduced their target price on Knightscope from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Knightscope in a research report on Monday, December 29th. Finally, HC Wainwright reiterated a “buy” rating and issued a $12.00 price objective on shares of Knightscope in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Knightscope Price Performance

Shares of 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 capitalization of $53.73 million, a P/E ratio of -1.22 and a beta of 1.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.62 and a quick ratio of 3.37. The company’s fifty day moving average price is $3.96 and its 200 day moving average price is $4.69.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.19). The company had revenue of $2.54 million during the quarter, compared to analyst estimates of $2.50 million. Knightscope had a negative net margin of 256.09% and a negative return on equity of 156.57%. As a group, sell-side analysts predict that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KSCP. Vanguard Group Inc. raised its stake in shares of Knightscope by 9.6% during the third quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock worth $1,597,000 after purchasing an additional 24,283 shares during the last quarter. Geode Capital Management LLC grew its position in Knightscope by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 115,924 shares of the company’s stock valued at $430,000 after buying an additional 16,004 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in Knightscope in the 4th quarter valued at $278,000. Jane Street Group LLC increased its stake in Knightscope by 253.0% in the 4th quarter. Jane Street Group LLC now owns 56,004 shares of the company’s stock valued at $208,000 after buying an additional 40,141 shares during the period. Finally, Centiva Capital LP acquired a new position in Knightscope in the 3rd quarter valued at $245,000. Institutional investors and hedge funds own 14.61% of the company’s stock.

Knightscope Company Profile

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.