Quantum-Si (NASDAQ:QSI) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Quantum-Si (NASDAQ:QSI) from a sell rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

QSI has been the topic of a number of other reports. HC Wainwright set a $4.00 price objective on shares of Quantum-Si in a research note on Friday. Weiss Ratings upgraded shares of Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Finally, Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a research report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Quantum-Si Stock Performance

QSI opened at $1.53 on Friday. The business’s fifty day moving average is $0.86 and its two-hundred day moving average is $0.90. The company has a market cap of $334.89 million, a price-to-earnings ratio of -3.33 and a beta of 3.21. Quantum-Si has a one year low of $0.69 and a one year high of $3.10.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IPG Investment Advisors LLC acquired a new stake in Quantum-Si during the second quarter worth about $27,000. Hollencrest Capital Management raised its holdings in shares of Quantum-Si by 301.1% in the 1st quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock worth $31,000 after purchasing an additional 30,111 shares during the period. Corient Private Wealth LP purchased a new position in shares of Quantum-Si in the 2nd quarter worth about $34,000. Green Alpha Advisors LLC acquired a new position in shares of Quantum-Si in the 2nd quarter valued at about $41,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Quantum-Si in the 2nd quarter valued at about $67,000. 39.90% of the stock is 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.