Grange Capital LLC Invests $2.43 Million in Serve Robotics Inc. $SERV

Grange Capital LLC acquired a new position in shares of Serve Robotics Inc. (NASDAQ:SERV) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 287,427 shares of the company’s stock, valued at approximately $2,426,000. Serve Robotics comprises 2.4% of Grange Capital LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Walser Wealth Management Company A Ltd Liability Co raised its holdings in Serve Robotics by 44.9% in the first quarter. Walser Wealth Management Company A Ltd Liability Co now owns 16,012 shares of the company’s stock worth $135,000 after purchasing an additional 4,962 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Serve Robotics by 18.3% in the 1st quarter. PFG Investments LLC now owns 60,071 shares of the company’s stock valued at $507,000 after buying an additional 9,305 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Serve Robotics by 37.5% in the 1st quarter. Inspire Investing LLC now owns 62,065 shares of the company’s stock valued at $524,000 after buying an additional 16,927 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Serve Robotics in the 1st quarter valued at about $163,000. Finally, Purpose Unlimited Inc. purchased a new position in shares of Serve Robotics in the 4th quarter worth approximately $237,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SERV. Freedom Capital cut shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Guggenheim assumed coverage on Serve Robotics in a research report on Monday, April 20th. They set a “buy” rating and a $13.00 price target on the stock. LADENBURG THALM/SH SH increased their price objective on Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a report on Wednesday, May 13th. Cantor Fitzgerald lowered their price objective 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. Finally, Weiss Ratings raised Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Serve Robotics has a consensus rating of “Moderate Buy” and a consensus price target of $17.51.

Insider Buying and Selling at Serve Robotics

In other Serve Robotics news, Director David Michael Goldberg sold 10,600 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $7.20, for a total transaction of $76,320.00. Following the sale, the director directly owned 35,125 shares of the company’s stock, valued at approximately $252,900. This trade represents a 23.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Read sold 2,790 shares of Serve Robotics stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $9.29, for a total value of $25,919.10. Following the transaction, the chief financial officer owned 318,768 shares of the company’s stock, valued at $2,961,354.72. The trade was a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 91,250 shares of company stock valued at $768,253 in the last three months. Company insiders own 5.00% of the company’s stock.

Serve Robotics Trading Down 2.6%

Shares of NASDAQ SERV opened at $6.28 on Tuesday. The company has a 50 day simple moving average of $7.95 and a two-hundred day simple moving average of $9.56. The stock has a market cap of $486.04 million, a price-to-earnings ratio of -3.15 and a beta of 1.04. Serve Robotics Inc. has a 12 month low of $5.78 and a 12 month high of $18.64.

Serve Robotics (NASDAQ:SERV) last issued its earnings results 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). Serve Robotics had a negative return on equity of 47.31% and a negative net margin of 2,639.98%.The business had revenue of $2.98 million for the quarter, compared to analysts’ expectations of $2.83 million. Analysts forecast that Serve Robotics Inc. will post -2.67 EPS for the current year.

Serve Robotics Profile

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.