Quantum-Si's (QSI) "Buy" Rating Reiterated at HC Wainwright

Quantum-Si (NASDAQ:QSI - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They presently have a $5.50 price objective on the stock. HC Wainwright's price objective points to a potential upside of 170.94% from the company's previous close.

Separately, Canaccord Genuity Group decreased their price objective on Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a report on Wednesday, November 13th.

Quantum-Si Trading Up 5.2 %

Shares of NASDAQ:QSI traded up $0.10 during mid-day trading on Tuesday, reaching $2.03. The stock had a trading volume of 32,669,483 shares, compared to its average volume of 68,672,289. The firm has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $1.21. The firm has a market cap of $289.71 million, a PE ratio of -3.17 and a beta of 2.74. Quantum-Si has a twelve month low of $0.61 and a twelve month high of $5.77.

Insider Buying and Selling at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si 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 transaction, the director now directly owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 30.04% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of Quantum-Si in the 2nd quarter valued at $25,000. SG Americas Securities LLC bought a new position in shares of Quantum-Si in the 3rd quarter worth about $53,000. Green Alpha Advisors LLC lifted its stake in shares of Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock valued at $154,000 after purchasing an additional 45,796 shares during the period. Barclays PLC grew its stake 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 purchasing an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock worth $339,000 after purchasing an additional 10,811 shares in the last quarter. Institutional investors own 39.90% of the company's stock.

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.