HC Wainwright Weighs in on Quantum-Si FY2029 Earnings

Quantum-Si incorporated (NASDAQ:QSI) – Equities researchers at HC Wainwright issued their FY2029 earnings per share estimates for shares of Quantum-Si in a research note issued on Tuesday, March 4th. HC Wainwright analyst S. Ramakanth expects that the company will earn $0.23 per share for the year. HC Wainwright has a “Buy” rating and a $5.50 price objective on the stock. The consensus estimate for Quantum-Si’s current full-year earnings is ($0.65) per share.

A number of other analysts also recently issued reports on the stock. Canaccord Genuity Group cut their price objective 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. Alliance Global Partners assumed coverage on Quantum-Si in a research report on Friday, February 7th. They set a “buy” rating and a $3.75 price target on the stock.

Quantum-Si Stock Performance

Shares of Quantum-Si stock opened at $1.38 on Wednesday. Quantum-Si has a 52-week low of $0.61 and a 52-week high of $5.77. The stock has a market cap of $196.94 million, a PE ratio of -2.16 and a beta of 2.69. The firm has a 50-day moving average of $2.24 and a 200-day moving average of $1.45.

Institutional Investors Weigh In On Quantum-Si

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock valued at $402,000 after purchasing an additional 5,298 shares in the last quarter. SG Americas Securities LLC raised its holdings in Quantum-Si by 12.4% in the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock valued at $182,000 after buying an additional 7,470 shares during the last quarter. Mariner LLC raised its holdings in Quantum-Si by 29.1% in the 4th quarter. Mariner LLC now owns 33,439 shares of the company’s stock valued at $90,000 after buying an additional 7,540 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Quantum-Si by 29.4% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 33,902 shares of the company’s stock worth $92,000 after acquiring an additional 7,704 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Quantum-Si by 13.9% in the 4th quarter. Wells Fargo & Company MN now owns 71,980 shares of the company’s stock valued at $194,000 after acquiring an additional 8,802 shares during the period. Institutional investors own 39.90% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction dated 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 transaction, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 30.04% of the stock is currently owned by company insiders.

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.