Landscape Capital Management L.L.C. Acquires New Position in Serve Robotics Inc. $SERV

Landscape Capital Management L.L.C. acquired a new stake in Serve Robotics Inc. (NASDAQ:SERV) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 271,781 shares of the company’s stock, valued at approximately $1,788,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Serve Robotics by 24.5% during the 2nd quarter. BlackRock Inc. now owns 6,040,854 shares of the company’s stock worth $39,749,000 after acquiring an additional 1,190,622 shares during the period. Vanguard Group Inc. lifted its stake in shares of Serve Robotics by 25.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock valued at $30,178,000 after purchasing an additional 521,945 shares during the period. Geode Capital Management LLC lifted its stake in shares of Serve Robotics by 29.1% in the 4th quarter. Geode Capital Management LLC now owns 1,457,965 shares of the company’s stock valued at $15,137,000 after purchasing an additional 328,405 shares during the period. State Street Corp lifted its stake in shares of Serve Robotics by 29.5% in the 4th quarter. State Street Corp now owns 1,245,411 shares of the company’s stock valued at $12,927,000 after purchasing an additional 283,497 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Serve Robotics by 34.5% in the 4th quarter. First Trust Advisors LP now owns 1,022,459 shares of the company’s stock worth $10,613,000 after purchasing an additional 262,348 shares during the last quarter.

Serve Robotics Trading Up 5.1%

Shares of Serve Robotics stock opened at $4.98 on Friday. The company has a market capitalization of $431.82 million, a PE ratio of -2.03 and a beta of 1.34. Serve Robotics Inc. has a 12 month low of $4.32 and a 12 month high of $18.64. The stock’s fifty day simple moving average is $5.63 and its 200 day simple moving average is $7.90.

Serve Robotics (NASDAQ:SERV) last posted its earnings results on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.11). Serve Robotics had a negative net margin of 2,315.80% and a negative return on equity of 55.34%. The business had revenue of $3.24 million during the quarter, compared to analyst estimates of $3.51 million. Analysts predict that Serve Robotics Inc. will post -2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Touraj Parang sold 37,993 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $4.55, for a total transaction of $172,868.15. Following the completion of the sale, the chief operating officer directly owned 1,260,251 shares of the company’s stock, valued at approximately $5,734,142.05. This represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ali Kashani sold 45,158 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $4.56, for a total transaction of $205,920.48. Following the sale, the chief executive officer owned 3,232,933 shares in the company, valued at $14,742,174.48. This trade represents a 1.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 156,420 shares of company stock worth $818,258. Company insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Guggenheim decreased their price objective on Serve Robotics from $13.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 10th. LADENBURG THALM/SH SH increased their target price on Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings raised Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald cut Serve Robotics from an “overweight” rating to a “neutral” rating in a report on Friday, August 7th. Finally, Freedom Capital upgraded Serve Robotics from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Serve Robotics presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

About Serve Robotics

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.