Harbour Capital Advisors LLC Takes $198,000 Position in Serve Robotics Inc. (NASDAQ:SERV)

Harbour Capital Advisors LLC purchased a new stake in shares of Serve Robotics Inc. (NASDAQ:SERV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,890 shares of the company’s stock, valued at approximately $198,000. Harbour Capital Advisors LLC owned 0.07% of Serve Robotics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of SERV. Thomist Capital Management LP acquired a new position in shares of Serve Robotics during the second quarter valued at $407,000. PFG Investments LLC acquired a new position in shares of Serve Robotics during the second quarter valued at $110,000. Finally, Bfsg LLC acquired a new position in shares of Serve Robotics during the third quarter valued at $38,000.

Serve Robotics Price Performance

NASDAQ:SERV opened at $9.36 on Friday. Serve Robotics Inc. has a 1-year low of $1.77 and a 1-year high of $24.09. The company has a fifty day moving average of $8.83.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.27) earnings per share for the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative return on equity of 728.80%. The company had revenue of $0.47 million during the quarter. Research analysts expect that Serve Robotics Inc. will post -0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

SERV has been the topic of a number of research analyst reports. Seaport Res Ptn raised Serve Robotics to a “strong-buy” rating in a report on Monday, October 7th. Aegis raised Serve Robotics to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Northland Securities initiated coverage on Serve Robotics in a report on Friday. They set an “outperform” rating and a $16.00 target price on the stock.

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.