GSA Capital Partners LLP Makes New $152,000 Investment in Serve Robotics Inc. (NASDAQ:SERV)

GSA Capital Partners LLP purchased a new stake in Serve Robotics Inc. (NASDAQ:SERV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,119 shares of the company’s stock, valued at approximately $152,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. PFG Investments LLC acquired a new position in Serve Robotics in the 2nd quarter valued at about $110,000. Thomist Capital Management LP acquired a new position in Serve Robotics in the second quarter valued at approximately $407,000. Bfsg LLC acquired a new position in Serve Robotics in the third quarter valued at approximately $38,000. Harbour Capital Advisors LLC purchased a new position in Serve Robotics in the third quarter worth approximately $198,000. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in Serve Robotics during the third quarter worth $9,636,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SERV shares. Seaport Res Ptn raised Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. LADENBURG THALM/SH SH initiated coverage on shares of Serve Robotics in a research report on Monday, October 28th. They issued a “buy” rating and a $16.00 target price on the stock. Northland Securities assumed coverage on shares of Serve Robotics in a research report on Friday, October 18th. They set an “outperform” rating and a $16.00 price target for the company. Finally, Northland Capmk raised shares of Serve Robotics to a “strong-buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Serve Robotics presently has a consensus rating of “Strong Buy” and an average target price of $16.00.

Serve Robotics Price Performance

NASDAQ SERV opened at $8.81 on Tuesday. Serve Robotics Inc. has a one year low of $1.77 and a one year high of $24.09. The firm has a 50 day simple moving average of $8.96 and a 200-day simple moving average of $7.23.

About Serve Robotics

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.