Thomist Capital Management LP Buys Shares of 208,910 Serve Robotics Inc. (NASDAQ:SERV)

Thomist Capital Management LP acquired a new position in shares of Serve Robotics Inc. (NASDAQ:SERV) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 208,910 shares of the company’s stock, valued at approximately $407,000. Thomist Capital Management LP owned about 0.56% of Serve Robotics at the end of the most recent reporting period.

Separately, PFG Investments LLC bought a new position in shares of Serve Robotics during the second quarter worth about $110,000.

Analysts Set New Price Targets

Separately, Aegis upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday, July 24th.

Serve Robotics Price Performance

Shares of NASDAQ:SERV opened at $7.48 on Thursday. Serve Robotics Inc. has a 52 week low of $1.77 and a 52 week high of $24.09. The company has a 50 day moving average price of $9.65.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.27) earnings per share for the quarter. The business had revenue of $0.47 million for the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative return on equity of 728.80%. On average, research analysts expect that Serve Robotics Inc. will post -0.85 earnings per share for the current year.

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.