What is B. Riley’s Forecast for RGTI FY2027 Earnings?

Rigetti Computing, Inc. (NASDAQ:RGTI) – Stock analysts at B. Riley issued their FY2027 earnings estimates for Rigetti Computing in a research report issued to clients and investors on Tuesday, November 11th. B. Riley analyst C. Ellis anticipates that the company will post earnings per share of ($0.05) for the year. B. Riley currently has a “Neutral” rating and a $35.00 target price on the stock. The consensus estimate for Rigetti Computing’s current full-year earnings is ($0.34) per share.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. Rigetti Computing’s quarterly revenue was down 18.1% on a year-over-year basis.

A number of other analysts have also commented on RGTI. Benchmark decreased their target price on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rigetti Computing in a report on Wednesday, October 8th. Williams Trading set a $40.00 price objective on Rigetti Computing in a report on Tuesday. Needham & Company LLC upped their target price on Rigetti Computing from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Rigetti Computing in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.43.

Rigetti Computing Stock Performance

Rigetti Computing stock opened at $25.20 on Wednesday. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of -19.38 and a beta of 1.64. Rigetti Computing has a 52-week low of $1.28 and a 52-week high of $58.15. The stock’s 50 day moving average price is $34.27 and its two-hundred day moving average price is $20.57.

Insider Buying and Selling at Rigetti Computing

In other news, Director Helene Gail Sandford sold 62,000 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $44.89, for a total transaction of $2,783,180.00. Following the completion of the transaction, the director directly owned 120,371 shares of the company’s stock, valued at $5,403,454.19. This represents a 34.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray O. Johnson sold 126,295 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $20.00, for a total value of $2,525,900.00. Following the completion of the sale, the director directly owned 293,461 shares of the company’s stock, valued at $5,869,220. This represents a 30.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 454,204 shares of company stock valued at $10,300,876 in the last three months. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RGTI. Rothschild Investment LLC raised its position in Rigetti Computing by 26.1% during the 3rd quarter. Rothschild Investment LLC now owns 1,665 shares of the company’s stock valued at $50,000 after purchasing an additional 345 shares during the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of Rigetti Computing by 1.7% during the third quarter. Trust Co. of Toledo NA OH now owns 21,178 shares of the company’s stock valued at $631,000 after buying an additional 357 shares during the period. Prospera Financial Services Inc raised its holdings in shares of Rigetti Computing by 1.0% during the third quarter. Prospera Financial Services Inc now owns 41,789 shares of the company’s stock valued at $1,245,000 after acquiring an additional 419 shares in the last quarter. MAI Capital Management lifted its stake in Rigetti Computing by 17.7% in the third quarter. MAI Capital Management now owns 3,763 shares of the company’s stock worth $112,000 after acquiring an additional 566 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Rigetti Computing by 25.6% in the third quarter. GAMMA Investing LLC now owns 2,878 shares of the company’s stock worth $86,000 after acquiring an additional 587 shares during the period. 35.38% of the stock is currently owned by institutional investors.

About Rigetti Computing

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.