Quantum Private Wealth LLC purchased a new position in shares of Serve Robotics Inc. (NASDAQ:SERV – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $80,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of SERV. Yong Rong HK Asset Management Ltd purchased a new stake in Serve Robotics during the third quarter worth about $9,636,000. Thomist Capital Management LP purchased a new stake in shares of Serve Robotics during the second quarter worth approximately $407,000. PFG Investments LLC purchased a new stake in shares of Serve Robotics during the second quarter worth approximately $110,000. Harbour Capital Advisors LLC purchased a new stake in shares of Serve Robotics during the third quarter worth approximately $198,000. Finally, Bfsg LLC purchased a new stake in shares of Serve Robotics during the third quarter worth approximately $38,000.
Serve Robotics Price Performance
SERV stock opened at $9.63 on Friday. Serve Robotics Inc. has a twelve month low of $1.77 and a twelve month high of $24.09. The company has a 50 day moving average price of $8.72.
Wall Street Analyst Weigh In
SERV has been the topic of a number of recent research reports. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. Northland Securities initiated coverage on shares of Serve Robotics in a research note on Friday, October 18th. They issued an “outperform” rating and a $16.00 price target on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Serve Robotics in a research note on Monday, October 28th. They issued a “buy” rating and a $16.00 price target on the stock. Aegis upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Northland Capmk upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Serve Robotics has an average rating of “Strong Buy” and a consensus price target of $16.00.
View Our Latest Analysis on SERV
Serve Robotics Company Profile
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.
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