Knightscope (NASDAQ:KSCP) Price Target Cut to $9.00 by Analysts at Lake Street Capital

Knightscope (NASDAQ:KSCP) had its price objective reduced by Lake Street Capital from $17.00 to $9.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright initiated coverage on Knightscope in a research note on Thursday, January 30th. They set a “buy” rating and a $16.00 price objective on the stock.

Knightscope Price Performance

Shares of NASDAQ KSCP opened at $2.75 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $7.27 and its 200 day moving average price is $11.11. Knightscope has a 52 week low of $2.52 and a 52 week high of $31.50. The stock has a market cap of $9.58 million, a price-to-earnings ratio of -0.20 and a beta of 1.58.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings results on Monday, April 7th. The company reported ($0.78) EPS for the quarter, beating the consensus estimate of ($1.94) by $1.16. The business had revenue of $2.81 million during the quarter, compared to analyst estimates of $2.52 million. During the same quarter in the prior year, the company earned ($16.77) earnings per share. As a group, research analysts forecast that Knightscope will post -12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC lifted its holdings in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,111 shares of the company’s stock after purchasing an additional 3,486 shares during the quarter. Geode Capital Management LLC owned about 0.84% of Knightscope worth $367,000 as of its most recent SEC filing. Institutional investors own 14.61% of the company’s stock.

Knightscope Company Profile

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.