Quantum Computing Inc. (NASDAQ:QUBT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Quantum Computing Inc. (NASDAQ:QUBT) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.3333.

A number of research firms have weighed in on QUBT. Northland Securities began coverage on shares of Quantum Computing in a research report on Monday, April 20th. They issued an “outperform” rating and a $20.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price target on shares of Quantum Computing in a research report on Tuesday, March 3rd. Ascendiant Capital Markets upped their price target on shares of Quantum Computing from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a research report on Friday, March 27th. Finally, Cantor Fitzgerald dropped their price target on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd.

Hedge Funds Weigh In On Quantum Computing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Quantum Computing by 38.1% during the fourth quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock valued at $172,793,000 after purchasing an additional 4,643,818 shares in the last quarter. Marex Group plc raised its stake in shares of Quantum Computing by 255.6% in the fourth quarter. Marex Group plc now owns 8,272,153 shares of the company’s stock valued at $84,872,000 after acquiring an additional 5,945,679 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Quantum Computing in the third quarter valued at $123,014,000. Anson Funds Management LP raised its stake in shares of Quantum Computing by 14.9% in the third quarter. Anson Funds Management LP now owns 5,373,455 shares of the company’s stock valued at $98,925,000 after acquiring an additional 695,092 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Quantum Computing by 45.5% in the fourth quarter. Geode Capital Management LLC now owns 4,565,192 shares of the company’s stock valued at $46,846,000 after acquiring an additional 1,428,120 shares during the period. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Trading Down 8.8%

Shares of NASDAQ QUBT opened at $10.12 on Wednesday. The firm has a 50 day moving average of $9.88 and a 200 day moving average of $9.81. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -36.14 and a beta of 3.72. Quantum Computing has a 12-month low of $6.18 and a 12-month high of $25.84.

Quantum Computing (NASDAQ:QUBT) last announced its earnings results on Monday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $3.69 million for the quarter, compared to the consensus estimate of $3.13 million. Sell-side analysts predict that Quantum Computing will post -0.14 EPS for the current year.

Quantum Computing News Roundup

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Ascendiant Capital Markets raised its price target on Quantum Computing Inc. to $30 from $27 and maintained a Buy rating, signaling continued optimism about upside potential. Benzinga
• Positive Sentiment: Analysts highlighted QUBT as a top computer-hardware/quantum name for the next five years, citing a bullish consensus and expectations for substantial upside. Yahoo Finance
• Positive Sentiment: Coverage from Zacks pointed to QUBT’s innovation efforts, including increased R&D, progress in photonic quantum computing, and use of Fab 1 to validate processes for future large-scale production. Zacks
• Positive Sentiment: Recent articles noted that analysts remain constructive on QUBT, citing upcoming product catalysts, growing commercial adoption, and renewed investor interest in quantum stocks. Invezz
• Neutral Sentiment: Broader sentiment around quantum-computing stocks improved on Monday as investors rotated into riskier growth names, which helped lift QUBT earlier in the week. Yahoo Finance
• Negative Sentiment: The latest decline is being driven by a reversal in the sector rally, with Quantum Computing Inc. falling alongside peers like IonQ, Rigetti, and D-Wave and no company-specific headline behind the move. 247WallSt

About Quantum Computing

Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.