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

HC Wainwright reiterated their buy rating on shares of Quantum-Si (NASDAQ:QSI) in a research report released on Tuesday morning,Benzinga reports. HC Wainwright currently has a $5.50 price objective on the stock.

Separately, Canaccord Genuity Group dropped their price target on shares of 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

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

Insider Activity at Quantum-Si

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s 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 transaction, the director now owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This trade represents a 73.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 30.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Quantum-Si

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Quantum-Si in the second quarter worth approximately $25,000. SG Americas Securities LLC bought a new position in shares of Quantum-Si during the 3rd quarter worth $53,000. Green Alpha Advisors LLC increased its stake in shares of Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after buying an additional 45,796 shares during the period. Barclays PLC increased 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 valued at $173,000 after buying an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares in the last quarter. 39.90% of the stock is currently owned by institutional investors.

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.