Quantum-Si (NASDAQ:QSI) Receives “Buy” Rating from HC Wainwright

Quantum-Si (NASDAQ:QSI)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $5.50 price objective on the stock. HC Wainwright’s target price points to a potential upside of 184.97% from the stock’s current price.

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

Quantum-Si Stock Performance

Shares of QSI stock opened at $1.93 on Tuesday. Quantum-Si has a 1 year low of $0.61 and a 1 year high of $5.77. The firm has a market cap of $275.44 million, a price-to-earnings ratio of -3.02 and a beta of 2.74. The stock’s 50-day moving average is $1.72 and its two-hundred day moving average is $1.21.

Insider Buying and Selling at Quantum-Si

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the completion of the sale, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 30.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Quantum-Si

A number of large investors have recently bought and sold shares of QSI. Barclays PLC lifted its holdings in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after buying an additional 133,438 shares during the period. Geode Capital Management LLC raised its position in Quantum-Si by 6.7% in the third 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Quantum-Si in the third quarter valued at $53,000. XTX Topco Ltd lifted its holdings in Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after acquiring an additional 19,651 shares during the period. Finally, Green Alpha Advisors LLC boosted its position in shares of Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares in the last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

About Quantum-Si

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.