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 research note published on Tuesday morning,Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Weiss Ratings raised Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a research report on Friday, August 14th. Finally, HC Wainwright set a $4.00 price objective on Quantum-Si in a research report on Friday, October 9th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.50.

Quantum-Si Trading Up 13.0%

Shares of NASDAQ:QSI opened at $1.65 on Tuesday. The company has a 50-day moving average price of $0.99 and a 200-day moving average price of $0.96. The company has a market cap of $361.16 million, a price-to-earnings ratio of -3.59 and a beta of 3.21. Quantum-Si has a 12 month low of $0.69 and a 12 month high of $2.32.

Quantum-Si (NASDAQ:QSI) last posted its earnings results on Thursday, August 13th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $0.30 million. As a group, research analysts forecast that Quantum-Si will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Quantum-Si

A number of institutional investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC purchased a new stake in Quantum-Si in the third quarter worth about $143,000. Renaissance Technologies LLC bought a new stake in Quantum-Si during the 1st quarter valued at approximately $91,000. WINTON GROUP Ltd bought a new stake in Quantum-Si during the 2nd quarter valued at approximately $67,000. Green Alpha Advisors LLC purchased a new position in shares of Quantum-Si during the 2nd quarter worth approximately $41,000. Finally, Hollencrest Capital Management grew its holdings in shares of Quantum-Si by 301.1% during the 1st quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock worth $31,000 after acquiring an additional 30,111 shares during the period. 39.90% of the stock is owned by institutional investors.

Quantum-Si Company Profile

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on transforming protein analysis through next-generation proteomics. The company develops tools designed to identify and characterize proteins at the single-molecule level, with potential applications in drug discovery, translational research, diagnostics development and precision medicine.

Its primary offering is the Platinum platform, which combines a benchtop sequencing instrument, semiconductor-based technology, consumables and data-analysis software.