HC Wainwright Reiterates Buy Rating for Quantum-Si (NASDAQ:QSI)

HC Wainwright restated their buy rating on shares of Quantum-Si (NASDAQ:QSI) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $5.50 price target on the stock.

Separately, Canaccord Genuity Group reduced their target price on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

Quantum-Si Trading Up 5.2 %

Shares of NASDAQ:QSI opened at $2.03 on Tuesday. The company has a market capitalization of $289.71 million, a PE ratio of -3.17 and a beta of 2.74. Quantum-Si has a 12-month low of $0.61 and a 12-month high of $5.77. The business’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $1.21.

Insider Activity

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares in the company, valued at $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

Large investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after buying an additional 133,438 shares during the period. Geode Capital Management LLC raised its stake in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after acquiring an additional 145,091 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Quantum-Si during the 3rd quarter worth about $53,000. XTX Topco Ltd grew its stake in Quantum-Si by 81.3% during the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after purchasing an additional 19,651 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its holdings in shares of Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after purchasing an additional 45,796 shares during the period. Hedge funds and other 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.