Two Sigma Investments LP Takes Position in Richtech Robotics Inc. (NASDAQ:RR)

Two Sigma Investments LP bought a new stake in Richtech Robotics Inc. (NASDAQ:RR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 42,003 shares of the company’s stock, valued at approximately $113,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Richtech Robotics during the fourth quarter worth about $31,000. Arete Wealth Advisors LLC acquired a new stake in Richtech Robotics during the 4th quarter worth approximately $69,000. Cary Street Partners Financial LLC purchased a new position in shares of Richtech Robotics in the 4th quarter valued at approximately $92,000. Millennium Management LLC acquired a new position in shares of Richtech Robotics in the fourth quarter valued at approximately $198,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Richtech Robotics during the fourth quarter worth approximately $226,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Insiders Place Their Bets

In other Richtech Robotics news, COO Phil Zheng sold 105,213 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $2.64, for a total transaction of $277,762.32. Following the sale, the chief operating officer now directly owns 1,294,787 shares in the company, valued at approximately $3,418,237.68. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 41.30% of the company’s stock.

Analysts Set New Price Targets

RR has been the topic of a number of analyst reports. HC Wainwright assumed coverage on shares of Richtech Robotics in a research report on Friday, April 11th. They issued a “buy” rating and a $3.50 price objective on the stock. Lake Street Capital initiated coverage on shares of Richtech Robotics in a report on Tuesday, March 18th. They issued a “buy” rating and a $3.00 target price on the stock.

Richtech Robotics Stock Performance

NASDAQ RR opened at $1.99 on Friday. The stock has a market capitalization of $227.86 million, a price-to-earnings ratio of -13.27 and a beta of -4.37. The business’s 50 day moving average is $2.14 and its two-hundred day moving average is $2.14. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $5.20. The company has a current ratio of 39.74, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01.

Richtech Robotics (NASDAQ:RR) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $1.17 million for the quarter, compared to analyst estimates of $1.91 million. Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%.

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.