Shares of Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.50.
Several brokerages have recently weighed in on QUBT. Northland Securities began coverage on shares of Quantum Computing in a research note on Monday, April 20th. They issued an “outperform” rating and a $20.00 target price for the company. Cantor Fitzgerald decreased their target price on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Quantum Computing in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of Quantum Computing from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th.
Quantum Computing Trading Down 10.4%
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $3.69 million during the quarter, compared to analysts’ expectations of $3.13 million. Equities research analysts predict that Quantum Computing will post -0.14 EPS for the current year.
Trending Headlines about Quantum Computing
Here are the key news stories impacting Quantum Computing this week:
- Positive Sentiment: Northland Securities raised its earnings estimates for Quantum Computing and reiterated an Outperform rating with a $20 price target, signaling improved analyst expectations for the company’s longer-term earnings path.
- Positive Sentiment: Multiple articles highlighted the stock’s post-earnings surge and a huge revenue beat, showing that investors are still reacting to the strong quarterly results and rapid top-line growth.
- Neutral Sentiment: Analyst-target commentary from Yahoo Finance and Zacks pointed to roughly 61.7% upside, but also noted that consensus targets have mixed predictive value, so this was more of a sentiment support item than a clear catalyst.
- Neutral Sentiment: Coverage from TipRanks and Seeking Alpha suggested Wall Street remains skeptical about how quickly Quantum Computing can turn revenue growth into durable profits, keeping expectations elevated but not fully validated.
- Negative Sentiment: The broader quantum-computing group sold off Friday, with QUBT falling alongside peers like IonQ, Rigetti, and D-Wave, indicating sector-wide pressure rather than company-specific bad news.
Insider Transactions at Quantum Computing
In related news, CFO Christopher Bruce Roberts sold 9,360 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $7.85, for a total value of $73,476.00. Following the sale, the chief financial officer directly owned 1,123,038 shares of the company’s stock, valued at $8,815,848.30. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 19.30% of the stock is owned by corporate insiders.
Institutional Trading of Quantum Computing
Several institutional investors have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp raised its holdings in Quantum Computing by 50.0% in the fourth quarter. Toth Financial Advisory Corp now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares in the last quarter. Signaturefd LLC raised its holdings in Quantum Computing by 36.5% in the fourth quarter. Signaturefd LLC now owns 3,742 shares of the company’s stock valued at $38,000 after acquiring an additional 1,000 shares in the last quarter. Two Sigma Investments LP raised its holdings in Quantum Computing by 2.5% in the third quarter. Two Sigma Investments LP now owns 40,705 shares of the company’s stock valued at $749,000 after acquiring an additional 1,001 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Quantum Computing by 9.2% in the first quarter. PNC Financial Services Group Inc. now owns 12,515 shares of the company’s stock valued at $86,000 after acquiring an additional 1,057 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Quantum Computing by 43.5% in the third quarter. NewEdge Advisors LLC now owns 5,030 shares of the company’s stock valued at $93,000 after acquiring an additional 1,525 shares in the last quarter. 4.26% of the stock is owned by institutional investors and hedge funds.
About Quantum Computing
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
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