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

Knightscope (NASDAQ:KSCP) had its target price reduced by equities researchers at Lake Street Capital from $17.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 213.59% from the stock’s current price.

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

Knightscope Stock Up 4.4 %

Shares of NASDAQ:KSCP opened at $2.87 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. Knightscope has a 52-week low of $2.52 and a 52-week high of $31.50. The company has a 50 day moving average of $7.08 and a two-hundred day moving average of $11.06. The company has a market capitalization of $9.99 million, a price-to-earnings ratio of -0.21 and a beta of 1.58.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.78) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.88) by $1.10. The firm had revenue of $2.81 million for the quarter, compared to analyst estimates of $2.52 million. During the same period in the previous year, the business posted ($16.77) earnings per share. As a group, analysts forecast that Knightscope will post -12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC raised its position in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,111 shares of the company’s stock after purchasing an additional 3,486 shares during the period. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 at the end of the most recent quarter. 14.61% of the stock is owned by 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.