Capital Advisors Inc. OK Makes New Investment in Richtech Robotics Inc. $RR

Key Points

• Capital Advisors Inc. OK invested approximately $195,000 in Richtech Robotics Inc. by acquiring 100,000 shares in the second quarter, increasing its ownership to 0.09% of the company.
• COO Phil Zheng sold 100,000 shares of the firm's stock for around $511,000, resulting in a 9.09% decrease in his ownership stake.
• The stock currently has a market capitalization of $986.30 million and a consensus rating of "Hold" from analysts, with a target price averaging $4.50.

Capital Advisors Inc. OK acquired a new stake in Richtech Robotics Inc. (NASDAQ:RR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 100,000 shares of the company's stock, valued at approximately $195,000. Capital Advisors Inc. OK owned 0.09% of Richtech Robotics at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in Richtech Robotics in the 1st quarter valued at about $459,000. Charles Schwab Investment Management Inc. bought a new stake in Richtech Robotics in the first quarter valued at approximately $40,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Richtech Robotics in the first quarter valued at approximately $51,000. Millennium Management LLC bought a new position in shares of Richtech Robotics during the 4th quarter worth approximately $198,000. Finally, Citadel Advisors LLC acquired a new position in shares of Richtech Robotics during the 4th quarter worth approximately $31,000. 0.01% of the stock is owned by institutional investors.

Insider Activity at Richtech Robotics

In other news, COO Phil Zheng sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $5.11, for a total transaction of $511,000.00. Following the transaction, the chief operating officer directly owned 1,000,000 shares of the company's stock, valued at approximately $5,110,000. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.70% of the company's stock.

Richtech Robotics Stock Performance

RR opened at $6.58 on Tuesday. The stock has a fifty day moving average of $3.14 and a 200-day moving average of $2.44. The company has a market capitalization of $986.30 million, a P/E ratio of -38.70 and a beta of -4.14. Richtech Robotics Inc. has a fifty-two week low of $0.52 and a fifty-two week high of $7.12.

Richtech Robotics (NASDAQ:RR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.04) EPS for the quarter, hitting analysts' consensus estimates of ($0.04). Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%. The business had revenue of $1.18 million for the quarter, compared to analyst estimates of $1.42 million.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Richtech Robotics in a report on Saturday, September 27th. HC Wainwright raised their target price on shares of Richtech Robotics from $3.50 to $6.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Finally, Wall Street Zen lowered shares of Richtech Robotics from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.50.

Richtech Robotics Company Profile

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.

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