B. Riley Wealth Advisors Inc. Takes Position in 908 Devices Inc. (NASDAQ:MASS)

B. Riley Wealth Advisors Inc. purchased a new position in shares of 908 Devices Inc. (NASDAQ:MASS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of 908 Devices in the third quarter worth about $36,000. Drive Wealth Management LLC bought a new position in 908 Devices in the 3rd quarter worth approximately $50,000. Townsquare Capital LLC acquired a new position in 908 Devices during the 3rd quarter worth $50,000. 49 Wealth Management LLC boosted its position in 908 Devices by 16.2% in the 3rd quarter. 49 Wealth Management LLC now owns 31,099 shares of the company’s stock valued at $108,000 after buying an additional 4,343 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 908 Devices by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 33,718 shares of the company’s stock valued at $174,000 after buying an additional 5,295 shares during the period. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

MASS has been the topic of several research reports. Leerink Partnrs lowered 908 Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Stifel Nicolaus cut their target price on shares of 908 Devices from $17.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, Leerink Partners reiterated a “market perform” rating and set a $4.00 price target (down previously from $12.00) on shares of 908 Devices in a research report on Wednesday, November 13th.

908 Devices Stock Up 6.2 %

Shares of 908 Devices stock opened at $2.06 on Monday. The business has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $3.97. 908 Devices Inc. has a 12 month low of $1.82 and a 12 month high of $12.51.

908 Devices Profile

908 Devices Inc, a commercial-stage technology company, provides various purpose-built handheld and desktop mass spectrometry devices to interrogate unknown and invisible materials in life sciences research, bioprocessing, pharma/biopharma, forensics, and adjacent markets. The company's products include MX908, a handheld, battery-powered, and Mass Spec device that is designed for rapid analysis of solid, liquid, vapor, and aerosol materials of unknown identity; Rebel, a small desktop analyzer that provides real-time information on the extracellular environment in bioprocesses; and Maverick, an optical in-line analyzer that offers real-time monitoring and control of multiple bioprocess parameters, including glucose, lactate, and total biomass in mammalian cell cultures, as well as provides process fingerprint data to support large-scale efforts in predictive bioprocess modeling.