Serve Robotics (NASDAQ:SERV) Upgraded to “Strong-Buy” by Seaport Res Ptn

Serve Robotics (NASDAQ:SERV) was upgraded by Seaport Res Ptn to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Separately, Aegis upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, July 24th.

Serve Robotics Trading Down 1.4 %

NASDAQ SERV opened at $9.66 on Monday. Serve Robotics has a 1-year low of $1.77 and a 1-year high of $24.09. The company’s fifty day moving average price is $9.89.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.27) EPS for the quarter. The company had revenue of $0.47 million during the quarter. Serve Robotics had a negative return on equity of 728.80% and a negative net margin of 2,155.86%. As a group, analysts forecast that Serve Robotics will post -0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Serve Robotics

An institutional investor recently bought a new position in Serve Robotics stock. Thomist Capital Management LP purchased a new position in Serve Robotics Inc. (NASDAQ:SERV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 208,910 shares of the company’s stock, valued at approximately $407,000. Thomist Capital Management LP owned approximately 0.56% of Serve Robotics as of its most recent filing with the Securities and Exchange Commission.

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.