Serve Robotics (NASDAQ:SERV) Rating Increased to Strong-Buy at Seaport Res Ptn

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

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

Serve Robotics Stock Performance

NASDAQ:SERV opened at $9.80 on Monday. The firm has a 50-day moving average of $10.09. Serve Robotics has a 12 month low of $1.77 and a 12 month high of $24.09.

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

Hedge Funds Weigh In On Serve Robotics

A hedge fund recently bought a new stake in Serve Robotics stock. PFG Investments LLC acquired a new stake in shares of Serve Robotics Inc. (NASDAQ:SERV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 56,408 shares of the company’s stock, valued at approximately $110,000. PFG Investments LLC owned about 0.15% of Serve Robotics at the end of the most recent reporting period.

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.