Quantum-Si (NASDAQ:QSI) Now Covered by Alliance Global Partners

Alliance Global Partners began coverage on shares of Quantum-Si (NASDAQ:QSI) in a research note published on Friday, Marketbeat reports. The firm issued a buy rating and a $3.75 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. HC Wainwright restated a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a research note on Tuesday, January 14th. Canaccord Genuity Group decreased their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th.

Quantum-Si Stock Up 7.4 %

NASDAQ:QSI opened at $2.04 on Friday. Quantum-Si has a 12-month low of $0.61 and a 12-month high of $5.77. The firm has a market capitalization of $291.13 million, a price-to-earnings ratio of -3.19 and a beta of 2.70. The stock’s 50 day moving average price is $2.15 and its two-hundred day moving average price is $1.35.

Insider Buying and Selling at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now directly owns 1,250,000 shares in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 30.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Quantum-Si by 32.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock worth $832,000 after buying an additional 75,661 shares in the last quarter. Bravias Capital Group LLC bought a new stake in shares of Quantum-Si during the 4th quarter worth approximately $55,000. SBI Securities Co. Ltd. acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $60,000. Bank of New York Mellon Corp boosted its position in shares of Quantum-Si by 21.3% during the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after acquiring an additional 47,400 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Quantum-Si in the fourth quarter valued at approximately $26,000. Institutional investors own 39.90% of the company’s stock.

Quantum-Si Company Profile

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.