Quantum-Si (NASDAQ:QSI - Free Report) had its price target hoisted by HC Wainwright from $4.00 to $5.50 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Quantum-Si's Q4 2024 earnings at ($0.18) EPS, FY2024 earnings at ($0.65) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($0.69) EPS, FY2026 earnings at ($0.56) EPS, FY2027 earnings at ($0.42) EPS and FY2028 earnings at ($0.22) EPS.
Separately, Canaccord Genuity Group reduced their price target on Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th.
Check Out Our Latest Research Report on Quantum-Si
Quantum-Si Stock Down 12.9 %
NASDAQ QSI traded down $0.18 on Thursday, hitting $1.21. The company's stock had a trading volume of 21,744,270 shares, compared to its average volume of 2,031,192. The firm has a market cap of $172.26 million, a PE ratio of -1.94 and a beta of 2.89. The company's 50-day moving average is $0.85 and its 200 day moving average is $1.09. Quantum-Si has a 1-year low of $0.61 and a 1-year high of $2.43.
Institutional Investors Weigh In On Quantum-Si
Several institutional investors and hedge funds have recently made changes to their positions in QSI. Jacobs Levy Equity Management Inc. acquired a new position in shares of Quantum-Si during the first quarter valued at about $998,000. Geode Capital Management LLC raised its stake in Quantum-Si by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock worth $2,044,000 after buying an additional 145,091 shares during the period. Barclays PLC boosted its holdings in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after acquiring an additional 133,438 shares in the last quarter. Vanguard Group Inc. grew its stake in Quantum-Si by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company's stock valued at $10,442,000 after acquiring an additional 82,463 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Quantum-Si during the third quarter worth approximately $53,000. Institutional investors own 39.90% of the company's stock.
About Quantum-Si
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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.
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