Presto Automation (NASDAQ:PRST) Announces Earnings Results, Beats Estimates By $0.29 EPS

Presto Automation (NASDAQ:PRSTGet Free Report) released its earnings results on Monday. The leader in drive-thru voice AI reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.29, MarketWatch Earnings reports. Presto Automation updated its Q2 2024 guidance to EPS.

Presto Automation Stock Performance

Shares of Presto Automation stock opened at $0.87 on Tuesday. The business has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $2.91. Presto Automation has a one year low of $0.78 and a one year high of $5.74. The company has a market cap of $51.74 million, a PE ratio of -1.45 and a beta of 2.42.

Insider Activity at Presto Automation

In other news, major shareholder Avenue Food & Bevera Cleveland purchased 1,500,000 shares of the stock in a transaction on Monday, October 16th. The stock was bought at an average price of $2.00 per share, for a total transaction of $3,000,000.00. Following the acquisition, the insider now directly owns 10,000,000 shares of the company’s stock, valued at approximately $20,000,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.70% of the stock is owned by corporate insiders.

Institutional Trading of Presto Automation

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Presto Automation during the 3rd quarter worth about $29,000. CIBC Asset Management Inc purchased a new position in Presto Automation in the first quarter valued at approximately $32,000. HighTower Advisors LLC acquired a new stake in Presto Automation during the first quarter worth approximately $39,000. Geode Capital Management LLC lifted its position in shares of Presto Automation by 51.2% during the 4th quarter. Geode Capital Management LLC now owns 17,451 shares of the leader in drive-thru voice AI’s stock worth $39,000 after buying an additional 5,911 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Presto Automation in the 3rd quarter valued at $45,000. 13.18% of the stock is owned by hedge funds and other institutional investors.

About Presto Automation

(Get Free Report)

Presto Automation Inc engages in the provision of artificial intelligence (AI) and automation solutions to the restaurant enterprise technology industry in the United States. The company offers Presto Voice, an AI solution to quick service restaurants that completes complex orders, including large orders with multiple menu modifications and add-ons, with limited on-site restaurant staff intervention; and Presto Touch, a pay-at-table tablet solution to casual dining chains that enables self-serve ordering, payment processing, personalization, and gaming experiences for restaurant guests.

Featured Articles

Earnings History for Presto Automation (NASDAQ:PRST)

Receive News & Ratings for Presto Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presto Automation and related companies with's FREE daily email newsletter.