Themes Management Co LLC Purchases 385,544 Shares of Richtech Robotics Inc. $RR

Themes Management Co LLC raised its position in shares of Richtech Robotics Inc. (NASDAQ:RR) by 473.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,030 shares of the company’s stock after acquiring an additional 385,544 shares during the period. Themes Management Co LLC owned approximately 0.22% of Richtech Robotics worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Richtech Robotics in the first quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Richtech Robotics in the fourth quarter worth $26,000. Principal Financial Group Inc. purchased a new stake in Richtech Robotics during the first quarter valued at $27,000. Griffin Asset Management Inc. purchased a new stake in Richtech Robotics during the first quarter valued at $29,000. Finally, Axxcess Wealth Management LLC bought a new position in Richtech Robotics during the fourth quarter valued at $32,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on RR. Weiss Ratings reissued a “sell (d-)” rating on shares of Richtech Robotics in a research note on Tuesday. Wall Street Zen upgraded shares of Richtech Robotics from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Richtech Robotics Stock Performance

Shares of Richtech Robotics stock opened at $1.55 on Friday. The stock has a market cap of $333.40 million, a price-to-earnings ratio of -11.07 and a beta of -0.84. The stock has a 50 day moving average price of $2.19 and a 200-day moving average price of $2.62. Richtech Robotics Inc. has a one year low of $1.53 and a one year high of $7.43.

Richtech Robotics 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.