Zacks: Quanterix Corp (QTRX) Given $25.67 Consensus Target Price by Analysts

Shares of Quanterix Corp (NASDAQ:QTRX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price objective of $25.67 for the company and are predicting that the company will post ($0.30) EPS for the current quarter, according to Zacks. Zacks has also assigned Quanterix an industry rank of 167 out of 265 based on the ratings given to related companies.

How to Become a New Pot Stock Millionaire

Several research firms recently commented on QTRX. Cowen began coverage on Quanterix in a research report on Tuesday, January 2nd. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. began coverage on Quanterix in a research report on Tuesday, January 2nd. They issued an “overweight” rating on the stock. BTIG Research began coverage on Quanterix in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Leerink Swann started coverage on Quanterix in a research report on Tuesday, January 2nd. They issued an “outperform” rating and a $27.00 target price on the stock.

QTRX stock traded down $0.73 on Wednesday, reaching $16.18. The company had a trading volume of 102,989 shares, compared to its average volume of 169,790. Quanterix has a 12-month low of $15.56 and a 12-month high of $24.81.

Hedge funds and other institutional investors have recently modified their holdings of the business. Landscape Capital Management L.L.C. bought a new position in Quanterix during the 4th quarter valued at $720,000. Goldman Sachs Group Inc. bought a new position in Quanterix during the 4th quarter valued at $873,000. Opaleye Management Inc. bought a new position in Quanterix during the 4th quarter valued at $1,395,000. Perceptive Advisors LLC bought a new position in Quanterix during the 4th quarter valued at $3,637,000. Finally, Platinum Investment Management Ltd. bought a new position in Quanterix during the 4th quarter valued at $3,757,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Zacks: Quanterix Corp (QTRX) Given $25.67 Consensus Target Price by Analysts” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3297302/zacks-quanterix-corp-qtrx-given-25-67-consensus-target-price-by-analysts.html.

About Quanterix

Quanterix Corporation, a life sciences company, develops and markets ultra-sensitive digital immunoassay platform that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and Asia Pacific. It develops Simoa HD-1 Analyzer, a sensitive protein detection platform, which analyzes approximately six biomarkers per test; and SR-X system that supports the detection capability of approximately six biomarkers per test.

Get a free copy of the Zacks research report on Quanterix (QTRX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Quanterix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanterix and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Citrix Systems  Announces Quarterly  Earnings Results
Citrix Systems Announces Quarterly Earnings Results
Coeur Mining  Releases  Earnings Results, Beats Estimates By $0.02 EPS
Coeur Mining Releases Earnings Results, Beats Estimates By $0.02 EPS
Knoll  Posts Quarterly  Earnings Results, Beats Estimates By $0.02 EPS
Knoll Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Aspen Technology  Releases Q4 Earnings Guidance
Aspen Technology Releases Q4 Earnings Guidance
Mineum  Achieves Market Cap of $283,900.00
Mineum Achieves Market Cap of $283,900.00
MagicCoin  Trading Down 12.9% Over Last Week
MagicCoin Trading Down 12.9% Over Last Week


© 2006-2018 Ticker Report. Google+.