Serve Robotics (NASDAQ:SERV) Trading Up 14.5% - What's Next?

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) shares were up 14.5% during trading on Friday . The company traded as high as $13.58 and last traded at $13.12. Approximately 5,393,935 shares traded hands during trading, a decline of 46% from the average daily volume of 9,980,103 shares. The stock had previously closed at $11.46.Get Serve Robotics alerts:Analyst Ratings ChangesNVIDIA’s AI Robot Leap: 2 Stocks Set to Ride the WaveSERV has been the subject of several research analyst reports. Cantor Fitzgerald initiated coverage on Serve Robotics in a research report on Thursday, May 22nd. They issued an "overweight" rating for the company. Northland Securities set a $23.00 target price on Serve Robotics in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Serve Robotics currently has an average rating of "Strong Buy" and an average target price of $18.67.View Our Latest Stock Analysis on Serve RoboticsServe Robotics Stock Up 12.8%NVIDIA Invested in These 2 AI Stocks, Should You? The stock has a market cap of $737.21 million and a price-to-earnings ratio of -12.17. The stock has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $11.08. Insider Activity at Serve RoboticsIn other news, CFO Brian Read sold 7,000 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $8.03, for a total value of $56,210.00. Following the completion of the sale, the chief financial officer now owns 233,900 shares in the company, valued at $1,878,217. This represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 58,164 shares of company stock valued at $455,198. 5.50% of the stock is owned by company insiders. Institutional Inflows and OutflowsMarketBeat Week in Review – 10/21- 10/25Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Serve Robotics by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,728 shares of the company's stock worth $73,000 after buying an additional 1,545 shares during the last quarter. Blue Trust Inc. purchased a new position in Serve Robotics in the fourth quarter worth $27,000. CIBC Private Wealth Group LLC bought a new position in Serve Robotics in the 4th quarter valued at $34,000. Bogart Wealth LLC bought a new position in Serve Robotics in the 4th quarter valued at $37,000. Finally, Jefferies Financial Group Inc. raised its stake in shares of Serve Robotics by 30.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,200 shares of the company's stock worth $232,000 after purchasing an additional 4,000 shares during the period. Serve Robotics Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Serve Robotics2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Breakout Momentum Plays You May Not Know AboutBasic Materials Stocks InvestingMongoDB Affirms Outlook and Accelerates Stock Price ReversalREIT Stocks - Best REIT Stocks to Add to Your Portfolio TodayAre NVIDIA's Ethernet Wins Signs of Hope or Horror for Arista?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Serve Robotics Right Now?Before you consider Serve Robotics, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serve Robotics wasn't on the list.While Serve Robotics currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here