HC Wainwright Estimates Quantum-Si FY2029 Earnings

Quantum-Si incorporated (NASDAQ:QSI - Free Report) - Investment analysts at HC Wainwright issued their FY2029 earnings estimates for shares of Quantum-Si in a research note issued on Tuesday, March 4th. HC Wainwright analyst S. Ramakanth forecasts that the company will earn $0.23 per share for the year. HC Wainwright currently has a "Buy" rating and a $5.50 target price on the stock. The consensus estimate for Quantum-Si's current full-year earnings is ($0.65) per share.

QSI has been the subject of several other research reports. Alliance Global Partners initiated coverage on shares of Quantum-Si in a research report on Friday, February 7th. They issued a "buy" rating and a $3.75 price target for the company. Canaccord Genuity Group lowered their price target on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th.

Quantum-Si Trading Up 0.4 %

Shares of QSI traded up $0.01 during mid-day trading on Wednesday, hitting $1.29. The company's stock had a trading volume of 3,043,931 shares, compared to its average volume of 9,024,576. The company's 50-day moving average is $2.17 and its 200-day moving average is $1.45. Quantum-Si has a 52-week low of $0.61 and a 52-week high of $5.77. The firm has a market capitalization of $184.10 million, a price-to-earnings ratio of -2.02 and a beta of 2.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Quantum-Si by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,368,376 shares of the company's stock valued at $6,395,000 after purchasing an additional 51,455 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Quantum-Si by 5.0% in the 4th quarter. Northern Trust Corp now owns 841,146 shares of the company's stock valued at $2,271,000 after acquiring an additional 40,026 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Quantum-Si by 1,211.4% in the 4th quarter. Renaissance Technologies LLC now owns 544,956 shares of the company's stock valued at $1,471,000 after acquiring an additional 503,400 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Quantum-Si by 32.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company's stock valued at $832,000 after acquiring an additional 75,661 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Quantum-Si by 21.3% in the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock valued at $728,000 after acquiring an additional 47,400 shares during the last quarter. Institutional investors and hedge funds own 39.90% of the company's stock.

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Insider Buying and Selling at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 30.04% of the stock is currently owned by company insiders.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.