Vicarious Surgical (NYSE:RBOT) Shares Up 3.8%

Shares of Vicarious Surgical Inc (NYSE:RBOT) rose 3.8% on Thursday . The stock traded as high as $0.29 and last traded at $0.29. Approximately 211,198 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 648,866 shares. The stock had previously closed at $0.28.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price on shares of Vicarious Surgical from $1.50 to $1.00 and set a “neutral” rating for the company in a research report on Tuesday, March 5th.

Vicarious Surgical Trading Up 3.2 %

The company has a fifty day moving average of $0.34 and a 200 day moving average of $0.38.

Vicarious Surgical (NYSE:RBOT) last released its quarterly earnings results on Monday, March 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. During the same quarter last year, the business posted ($0.16) EPS. On average, analysts expect that Vicarious Surgical Inc will post -0.39 EPS for the current year.

Institutional Trading of Vicarious Surgical

A number of hedge funds have recently modified their holdings of RBOT. DDD Partners LLC boosted its holdings in shares of Vicarious Surgical by 4.2% during the fourth quarter. DDD Partners LLC now owns 6,623,192 shares of the company’s stock worth $2,429,000 after purchasing an additional 269,523 shares during the period. Vanguard Group Inc. lifted its position in Vicarious Surgical by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 4,388,677 shares of the company’s stock worth $1,609,000 after buying an additional 575,607 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Vicarious Surgical by 31.1% during the 2nd quarter. BlackRock Inc. now owns 3,843,664 shares of the company’s stock valued at $7,034,000 after buying an additional 912,146 shares during the period. State Street Corp grew its holdings in shares of Vicarious Surgical by 38.9% during the 2nd quarter. State Street Corp now owns 1,172,805 shares of the company’s stock valued at $2,146,000 after acquiring an additional 328,270 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Vicarious Surgical by 16.2% in the second quarter. Geode Capital Management LLC now owns 1,021,720 shares of the company’s stock worth $1,870,000 after acquiring an additional 142,716 shares during the last quarter. Hedge funds and other institutional investors own 47.27% of the company’s stock.

About Vicarious Surgical

Vicarious Surgical Inc operates as a robotics technology company in the United States. The company focuses on developing and commercializing Vicarious System, a single-incision surgical robot that virtually transports surgeons inside the patient to perform minimally invasive surgery. Vicarious Surgical Inc was incorporated in 2014 and is headquartered in Waltham, Massachusetts.