Cantor Fitzgerald Has Lowered Expectations for PureCycle Technologies (NASDAQ:PCT) Stock Price

Posted by Geri Gentry on Nov 5th, 2026

PureCycle Technologies (NASDAQ:PCT – Get Free Report) had its target price dropped by Cantor Fitzgerald from $12.00 to $8.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 186.74% from the company’s previous close.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PureCycle Technologies in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.75.

Get Our Latest Research Report on PureCycle Technologies

PureCycle Technologies Stock Down 10.6%

Shares of PCT stock opened at $2.79 on Thursday. The company has a market capitalization of $560.51 million, a price-to-earnings ratio of -1.91 and a beta of 2.74. PureCycle Technologies has a one year low of $2.59 and a one year high of $14.19. The company’s fifty day moving average price is $4.57 and its 200-day moving average price is $7.21. The company has a debt-to-equity ratio of 27.37, a current ratio of 2.60 and a quick ratio of 2.42.

PureCycle Technologies (NASDAQ:PCT – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). PureCycle Technologies had a negative net margin of 1,618.84% and a negative return on equity of 612.39%. The firm had revenue of $2.35 million for the quarter, compared to analysts’ expectations of $8.28 million. Sell-side analysts expect that PureCycle Technologies will post -0.90 EPS for the current fiscal year.

Insider Activity

In related news, Director Fernando Musa acquired 15,479 shares of PureCycle Technologies stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of $6.38 per share, for a total transaction of $98,756.02. Following the completion of the transaction, the director directly owned 175,983 shares in the company, valued at approximately $1,122,771.54. This represents a 9.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PureCycle Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its stake in PureCycle Technologies by 2.3% during the second quarter. Integrated Wealth Concepts LLC now owns 71,442 shares of the company’s stock valued at $579,000 after acquiring an additional 1,625 shares in the last quarter. Cetera Investment Advisers lifted its stake in PureCycle Technologies by 1.7% in the 1st quarter. Cetera Investment Advisers now owns 110,643 shares of the company’s stock worth $574,000 after purchasing an additional 1,823 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of PureCycle Technologies by 17.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,451 shares of the company’s stock valued at $70,000 after purchasing an additional 2,016 shares during the last quarter. Nwam LLC boosted its holdings in shares of PureCycle Technologies by 23.4% during the 2nd quarter. Nwam LLC now owns 28,619 shares of the company’s stock valued at $232,000 after purchasing an additional 5,426 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of PureCycle Technologies during the first quarter valued at about $33,000. Institutional investors own 63.01% of the company’s stock.

About PureCycle Technologies

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PureCycle Technologies, Inc (NASDAQ:PCT) is a recycling technology company focused on converting waste polypropylene (PP) into recycled resin with properties designed to be comparable to virgin polypropylene. Its technology is intended to remove color, odor and other contaminants from used plastic, expanding the potential for recycled PP in applications that traditionally rely on virgin materials.

The company processes post-consumer and post-industrial polypropylene feedstock into purified recycled polypropylene products.