5 big analyst AI moves: Nvidia guidance warning; Snowflake, Palo Alto upgraded
Ali Kashani, the Chief Executive Officer of Serve Robotics Inc. (NASDAQ:SERV), recently purchased 3,000 shares of the company’s common stock. The transaction, dated March 11, 2025, was executed at a price of $6.85 per share, totaling $20,550. The stock currently trades at $7.02, with a market capitalization of $386 million. According to InvestingPro data, analyst price targets range from $11 to $23, suggesting potential upside. Following this purchase, Kashani holds a direct ownership of 3,228,852 shares. Additionally, there is an indirect holding of 16,070 shares by his spouse. This transaction is part of a matching action under Section 16 of the Securities Exchange Act, linked to a prior sale of 3,000 shares on January 6, 2025, at $22.84 per share. Kashani has voluntarily returned a short-swing profit of $47,970 to the issuer. InvestingPro analysis reveals the stock has experienced significant volatility, with a 44% decline year-to-date, though maintaining strong liquidity with a current ratio of 18.4. For deeper insights into SERV’s financial health and additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Serve Robotics reported its Q4 2024 earnings, revealing a larger-than-expected loss with an earnings per share (EPS) of -$0.23, which missed analyst forecasts. The company’s revenue for the quarter was $170,000, slightly below projections. Despite this, Serve Robotics demonstrated substantial year-over-year growth, with annual revenue reaching $1.8 million, marking a 700% increase. The company’s software services contributed $1.2 million, while delivery and branding revenue saw a 435% rise to $627,000. However, the company faced a GAAP net loss of $39.2 million for 2024, up from $24.9 million in 2023. Looking forward, Serve Robotics plans to deploy 2,000 robots by the end of 2025 and aims to expand into Dallas and Atlanta in Q2 2025. The company is targeting annualized revenue of $60-$80 million by 2026. Meanwhile, analysts and investors are closely monitoring the company’s expansion plans and cost-reduction strategies.
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