Quantum-Si (NASDAQ:QSI) Price Target Raised to $5.50

Quantum-Si (NASDAQ:QSI) had its target price raised by HC Wainwright from $4.00 to $5.50 in a report published on Thursday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Quantum-Si’s Q4 2024 earnings at ($0.18) EPS, FY2024 earnings at ($0.65) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($0.69) EPS, FY2026 earnings at ($0.56) EPS, FY2027 earnings at ($0.42) EPS and FY2028 earnings at ($0.22) EPS.

Separately, Canaccord Genuity Group decreased their price objective 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 Trading Up 33.9 %

Shares of NASDAQ:QSI opened at $1.62 on Thursday. The company has a market cap of $231.19 million, a price-to-earnings ratio of -2.53 and a beta of 2.89. Quantum-Si has a 12 month low of $0.61 and a 12 month high of $2.43. The company has a 50-day moving average price of $0.87 and a 200 day moving average price of $1.08.

Institutional Trading of Quantum-Si

Several institutional investors have recently added to or reduced their stakes in QSI. Price T Rowe Associates Inc. MD increased its position in shares of Quantum-Si by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 59,727 shares of the company’s stock worth $118,000 after acquiring an additional 5,945 shares during the period. Bank of New York Mellon Corp increased its position in shares of Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after acquiring an additional 10,811 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Quantum-Si during the first quarter worth approximately $27,000. XTX Topco Ltd increased its position in shares of Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after acquiring an additional 19,651 shares during the period. Finally, Green Alpha Advisors LLC increased its position 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 worth $154,000 after acquiring an additional 45,796 shares during the period. 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.