HC Wainwright Forecasts Quantum-Si FY2029 Earnings

Quantum-Si incorporated (NASDAQ:QSI) – Equities research analysts at HC Wainwright issued their FY2029 earnings estimates for shares of Quantum-Si in a research note issued on Tuesday, March 4th. HC Wainwright analyst S. Ramakanth expects that the company will earn $0.23 per share for the year. HC Wainwright has a “Buy” rating and a $5.50 price target on the stock. The consensus estimate for Quantum-Si’s current full-year earnings is ($0.65) per share.

Other equities research analysts have also recently issued research reports about the company. Alliance Global Partners began coverage on Quantum-Si in a report on Friday, February 7th. They set a “buy” rating and a $3.75 target price on the stock. Canaccord Genuity Group reduced their price objective 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.

Quantum-Si Price Performance

QSI stock opened at $1.40 on Wednesday. The company’s 50 day simple moving average is $2.24 and its 200-day simple moving average is $1.45. Quantum-Si has a 12 month low of $0.61 and a 12 month high of $5.77. The firm has a market capitalization of $199.80 million, a PE ratio of -2.19 and a beta of 2.69.

Institutional Investors Weigh In On Quantum-Si

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Quantum-Si by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,368,376 shares of the company’s stock worth $6,395,000 after purchasing an additional 51,455 shares during the period. Northern Trust Corp boosted its holdings in Quantum-Si by 5.0% in the fourth quarter. Northern Trust Corp now owns 841,146 shares of the company’s stock valued at $2,271,000 after acquiring an additional 40,026 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Quantum-Si by 1,211.4% in the fourth quarter. Renaissance Technologies LLC now owns 544,956 shares of the company’s stock valued at $1,471,000 after acquiring an additional 503,400 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Quantum-Si by 32.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock valued at $832,000 after acquiring an additional 75,661 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Quantum-Si by 21.3% during the fourth quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock valued at $728,000 after acquiring an additional 47,400 shares during the period. 39.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now owns 1,250,000 shares in the company, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 30.04% of the company’s stock.

Quantum-Si Company Profile

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.