<div id="readability-page-1"><p>Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) shares fell 5.6% on Friday . The stock traded as low as $12.06 and last traded at $12.13. 7,230,729 shares traded hands during trading, a decline of 11% from the average session volume of 8,107,465 shares. The stock had previously closed at $12.85.</p><div><p><span></span><span>Get <strong>Serve Robotics</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>5 Robotics Stocks Catching Momentum After New Policy Tailwinds</li></ul><p>A number of brokerages have issued reports on SERV. Singular Research raised shares of Serve Robotics to a &#34;moderate buy&#34; rating in a report on Tuesday, August 26th. Wedbush initiated coverage on Serve Robotics in a research note on Wednesday, August 27th. They issued an &#34;outperform&#34; rating and a $15.00 target price on the stock. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of Serve Robotics in a report on Monday. Northland Securities  set a $26.00 price target on Serve Robotics in a research report on Monday, October 13th. Finally, Citigroup  reiterated an &#34;outperform&#34; rating on shares of Serve Robotics in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, one  has assigned  a Hold rating and one  has issued  a Sell rating to the company. According to MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $19.33.</p><p><b>Get Our Latest Stock Report on SERV</b></p><h2>Serve Robotics Trading Down 5.6%</h2><ul><li>4 High-Risk Growth Stocks Under $15 to Watch This Fall</li></ul><p>The company has a market cap of $903.48 million, a PE ratio of -8.14 and a beta of -0.14. The stock has a 50 day moving average price of $12.35 and a 200 day moving average price of $11.57. </p><p>Serve Robotics (NASDAQ:SERV - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.17). The firm had revenue of $0.69 million during the quarter, compared to analysts' expectations of $0.69 million. Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%. Equities analysts expect that  Serve Robotics Inc. will post -0.98 EPS for the current fiscal year. </p><h2>Insider Buying and Selling at Serve Robotics</h2><ul><li>The Uber Eats Partnership Fueling Serve Robotics' Growth</li></ul><p>In other Serve Robotics news, insider Euan Abraham sold 3,915 shares of the company's stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $11.69, for a total value of $45,766.35. Following the sale, the insider owned 246,624 shares in the company, valued at approximately $2,883,034.56. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CFO Brian Read sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $13.05, for a total transaction of $97,875.00. Following the transaction, the chief financial officer directly owned 344,270 shares of the company's stock, valued at $4,492,723.50. This represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,248 shares of company stock valued at $2,910,939 over the last three months. 5.50% of the stock is currently owned by corporate insiders. </p><h2>Institutional Investors Weigh In On Serve Robotics</h2><p>Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in shares of  Serve Robotics during the third quarter valued at $27,000.  Allworth Financial LP grew its position in  Serve Robotics by 316.7% during the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company's stock valued at $45,000 after purchasing an additional 2,964 shares during the last quarter.  SBI Securities Co. Ltd. grew its position in  Serve Robotics by 166.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company's stock valued at $49,000 after purchasing an additional 2,637 shares during the last quarter.  Ameritas Investment Partners Inc. bought a new stake in  Serve Robotics during the 2nd quarter valued at about $55,000.  Finally, Russell Investments Group Ltd. purchased a new position in  Serve Robotics in the third quarter worth about $59,000. </p><h2>About Serve Robotics</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Serve Robotics</li><li>Quiet Period Expirations Explained</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>CrowdStrike Stock Can't Catch a Break—Even After a Blowout Quarter</li><li>Best Stocks Under $10.00 </li><li>Chewy Stock Just Flashed a Major Buy Signal for 2026</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Serve Robotics Right Now?</h2><p>Before you consider Serve Robotics, you'll want to hear this.</p><p>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.</p><p>While Serve Robotics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SERV

<p>Serve Robotics (NASDAQ:SERV) shares fell 5.6% to $12.13, with trading volume down 11%. Analysts have mixed ratings, with a consensus price target of $19.33. Recent insider sales include Euan Abraham and CFO Brian Read. Institutional investors have adjusted their holdings. Serve Robotics designs low-emission delivery robots in the U.S.</p>

Serve Robotics (NASDAQ:SERV) Shares Down 5.6% - Here's What Happened