Quantum-Si (NASDAQ:QSI) Coverage Initiated at Alliance Global Partners

Alliance Global Partners started coverage on shares of Quantum-Si (NASDAQ:QSI - Free Report) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $3.75 price objective on the stock.

A number of other research analysts have also recently commented on QSI. Canaccord Genuity Group decreased their target price on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. HC Wainwright restated a "buy" rating and issued a $5.50 price objective on shares of Quantum-Si in a report on Tuesday, January 14th.

Quantum-Si Trading Down 4.3 %

QSI stock traded down $0.09 during mid-day trading on Friday, reaching $1.92. The company's stock had a trading volume of 6,175,816 shares, compared to its average volume of 31,439,156. The company's 50 day moving average is $2.17 and its two-hundred day moving average is $1.36. Quantum-Si has a fifty-two week low of $0.61 and a fifty-two week high of $5.77. The stock has a market cap of $273.29 million, a PE ratio of -2.99 and a beta of 2.69.

Insider Transactions 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 dated Friday, December 27th. The stock was sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the sale, the director now owns 1,250,000 shares in the company, valued at $4,175,000. This represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 30.04% of the company's stock.

Institutional Trading of Quantum-Si

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock worth $2,044,000 after purchasing an additional 145,091 shares in the last quarter. Barclays PLC increased its position in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after buying an additional 133,438 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Quantum-Si by 32.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company's stock valued at $832,000 after buying an additional 75,661 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Quantum-Si in the third quarter valued at approximately $53,000. Finally, Bank of New York Mellon Corp grew its position in shares of Quantum-Si by 21.3% during the fourth quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock worth $728,000 after acquiring an additional 47,400 shares during the last quarter. 39.90% of the stock is currently owned by institutional investors and hedge funds.

Quantum-Si Company Profile

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.