Readystate Asset Management LP Acquires Shares of 50,290 Quantinuum Inc. $QNT

Readystate Asset Management LP acquired a new position in Quantinuum Inc. (NASDAQ:QNT – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,290 shares of the company’s stock, valued at approximately $4,111,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of Quantinuum in the second quarter valued at about $92,418,000. Outfitters Financial LLC bought a new stake in Quantinuum during the 2nd quarter worth about $511,000. Finally, Lisanti Capital Growth LLC acquired a new stake in Quantinuum in the 2nd quarter valued at about $409,000.

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Quantinuum Stock Performance

NASDAQ:QNT opened at $49.65 on Monday. Quantinuum Inc. has a 12-month low of $46.54 and a 12-month high of $86.79. The business has a fifty day moving average of $60.08.

Quantinuum (NASDAQ:QNT – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The business had revenue of $8.00 million during the quarter. Analysts forecast that Quantinuum Inc. will post -1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

QNT has been the subject of a number of research reports. TD Cowen assumed coverage on shares of Quantinuum in a report on Monday, June 29th. They issued a “buy” rating for the company. Evercore began coverage on Quantinuum in a research report on Monday, June 29th. They issued an “outperform” rating and a $98.00 price objective on the stock. Zacks Research raised Quantinuum to a “hold” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price target on shares of Quantinuum in a research note on Wednesday, August 12th. Finally, Sanford C. Bernstein reiterated a “hold” rating on shares of Quantinuum in a research report on Wednesday, August 12th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Quantinuum currently has an average rating of “Moderate Buy” and a consensus price target of $98.42.

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Quantinuum Profile

(Free Report)

Quantinuum is a quantum computing company focused on developing hardware and software for commercial and scientific applications. The company provides access to its quantum systems, along with software tools and services designed to help customers explore use cases in areas such as optimization, materials science, chemistry, cybersecurity, and machine learning.

The company was formed through the combination of Honeywell Quantum Solutions and Cambridge Quantum in 2021. Quantinuum operates internationally and serves a range of customers across enterprise, government, and research markets.

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