Lake Street Capital Lowers Knightscope (NASDAQ:KSCP) Price Target to $9.00

Knightscope (NASDAQ:KSCP) had its price target cut by investment analysts at Lake Street Capital from $17.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective indicates a potential upside of 227.87% from the stock’s current price.

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

Knightscope Stock Performance

Knightscope stock traded down $0.08 during trading on Tuesday, hitting $2.75. The stock had a trading volume of 74,222 shares, compared to its average volume of 170,406. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $7.43 and its two-hundred day moving average is $11.17. Knightscope has a 1 year low of $2.52 and a 1 year high of $31.50. The stock has a market cap of $9.56 million, a price-to-earnings ratio of -0.20 and a beta of 1.58.

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

Institutional Investors Weigh In On Knightscope

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC increased its stake in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. Geode Capital Management LLC owned approximately 0.84% of Knightscope worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.61% of the stock is owned by hedge funds and other institutional investors.

About Knightscope

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.