Wall Street Zen Upgrades Quantum-Si (NASDAQ:QSI) to Hold

Quantum-Si (NASDAQ:QSI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Several other brokerages have also recently weighed in on QSI. Weiss Ratings upgraded Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. HC Wainwright set a $4.00 price target on Quantum-Si in a research note on Friday. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Quantum-Si presently has an average rating of “Hold” and a consensus target price of $2.50.

Quantum-Si Stock Down 11.1%

Quantum-Si stock opened at $1.36 on Friday. The company has a market capitalization of $297.68 million, a PE ratio of -2.96 and a beta of 3.21. The firm has a fifty day simple moving average of $0.88 and a two-hundred day simple moving average of $0.90. Quantum-Si has a twelve month low of $0.69 and a twelve month high of $3.10.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $0.34 million during the quarter, compared to analyst estimates of $0.30 million. Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. As a group, equities analysts expect that Quantum-Si will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Quantum-Si

Institutional investors have recently modified their holdings of the company. IPG Investment Advisors LLC purchased a new stake in Quantum-Si in the 2nd quarter worth approximately $27,000. WINTON GROUP Ltd bought a new stake in shares of Quantum-Si in the 2nd quarter worth approximately $67,000. Corient Private Wealth LP bought a new stake in shares of Quantum-Si in the 2nd quarter worth approximately $34,000. Green Alpha Advisors LLC purchased a new position in shares of Quantum-Si during the second quarter valued at approximately $41,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Quantum-Si during the first quarter valued at approximately $91,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

Quantum-Si Company Profile

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on advancing proteomics, the study of proteins and their functions. The company develops tools intended to make protein analysis more accessible, scalable and cost-effective for researchers, pharmaceutical companies, biotechnology firms and academic institutions.

Its primary offering is the Platinum platform, which combines a benchtop protein sequencing instrument with single-use consumables and software.