Wall Street Zen upgraded shares of Quantum-Si (NASDAQ:QSI – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Several other equities analysts have also recently commented on QSI. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research report on Friday, August 14th. Weiss Ratings downgraded Quantum-Si from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Quantum-Si has a consensus rating of “Hold” and an average price target of $1.00.
Quantum-Si Trading Up 0.1%
Quantum-Si (NASDAQ:QSI – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $0.34 million for the quarter, compared to the consensus estimate of $0.30 million. Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. As a group, equities 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 hedge funds have recently added to or reduced their stakes in QSI. Millennium Management LLC acquired a new position in Quantum-Si in the first quarter valued at approximately $4,721,000. State Street Corp grew its holdings in shares of Quantum-Si by 26.5% during the fourth quarter. State Street Corp now owns 3,562,721 shares of the company’s stock valued at $3,919,000 after purchasing an additional 745,231 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Quantum-Si during the 3rd quarter worth approximately $865,000. Bank of America Corp DE raised its position in shares of Quantum-Si by 426.6% during the 2nd quarter. Bank of America Corp DE now owns 465,999 shares of the company’s stock worth $913,000 after purchasing an additional 377,504 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Quantum-Si by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 4,114,375 shares of the company’s stock worth $4,527,000 after purchasing an additional 367,206 shares during the last quarter. Institutional investors and hedge funds own 39.90% of the company’s stock.
About Quantum-Si
Quantum-Si Inc is a life sciences instrumentation company headquartered in Guilford, Connecticut, developing next-generation proteomics solutions based on semiconductor sequencing technology. The company’s core offering centers on a proprietary single-molecule protein sequencing platform that uses a silicon-based sensor chip to convert protein data into digital signals. This approach is designed to deliver high sensitivity, single-amino-acid resolution and deep proteome coverage while potentially reducing cost and complexity compared to traditional mass spectrometry methods.
Quantum-Si’s product roadmap includes the development and commercialization of an integrated system comprising instruments, consumable reagents and proprietary data analysis software.
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