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

GSA Capital Partners LLP purchased a new stake in Serve Robotics Inc. (NASDAQ:SERV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,119 shares of the company’s stock, valued at approximately $152,000.

Other institutional investors also recently bought and sold shares of the company. Quantum Private Wealth LLC acquired a new position in shares of Serve Robotics in the 3rd quarter valued at $80,000. Yong Rong HK Asset Management Ltd purchased a new stake in Serve Robotics in the third quarter valued at $9,636,000. Harbour Capital Advisors LLC acquired a new position in Serve Robotics in the third quarter valued at $198,000. Bfsg LLC purchased a new position in shares of Serve Robotics during the third quarter worth about $38,000. Finally, Thomist Capital Management LP acquired a new stake in shares of Serve Robotics during the second quarter worth about $407,000.

Serve Robotics Stock Up 5.8 %

Shares of SERV opened at $8.81 on Tuesday. The stock’s 50 day moving average is $8.96 and its two-hundred day moving average is $7.23. Serve Robotics Inc. has a twelve month low of $1.77 and a twelve month high of $24.09.

Analysts Set New Price Targets

SERV has been the topic of a number of research reports. Seaport Res Ptn upgraded Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. Northland Capmk upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. 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 price target for the company. Finally, Northland Securities began coverage on shares of Serve Robotics in a research report on Friday, October 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Serve Robotics has an average rating of “Strong Buy” and an average price target of $16.00.

Serve Robotics 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.