Richtech Robotics Inc. $RR Holdings Raised by UBS Group AG

UBS Group AG lifted its stake in Richtech Robotics Inc. (NASDAQ:RR) by 412.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,804,574 shares of the company’s stock after purchasing an additional 1,452,236 shares during the period. UBS Group AG’s holdings in Richtech Robotics were worth $5,829,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Richtech Robotics in the first quarter worth approximately $1,630,000. Goldman Sachs Group Inc. acquired a new position in Richtech Robotics in the 1st quarter worth approximately $459,000. Geode Capital Management LLC grew its position in Richtech Robotics by 128.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,463,608 shares of the company’s stock worth $2,854,000 after purchasing an additional 824,253 shares in the last quarter. JPMorgan Chase & Co. grew its position in Richtech Robotics by 71.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 78,489 shares of the company’s stock worth $153,000 after purchasing an additional 32,684 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Richtech Robotics during the 2nd quarter valued at $95,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Analysts Set New Price Targets

RR has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Richtech Robotics in a report on Friday, April 24th. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Richtech Robotics in a research report on Wednesday, February 18th. Finally, Wall Street Zen downgraded Richtech Robotics from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Richtech Robotics has an average rating of “Hold” and a consensus target price of $6.00.

Richtech Robotics Stock Performance

Shares of RR opened at $2.46 on Thursday. The firm has a market cap of $529.15 million, a PE ratio of -17.57 and a beta of -1.34. The firm’s 50 day moving average price is $2.35 and its 200 day moving average price is $3.11. Richtech Robotics Inc. has a twelve month low of $1.71 and a twelve month high of $7.43.

About Richtech Robotics

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.