Quantum-Si’s (QSI) Buy Rating Reiterated at HC Wainwright

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

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

Quantum-Si Trading Up 8.1 %

Shares of NASDAQ QSI opened at $2.54 on Tuesday. Quantum-Si has a 12-month low of $0.61 and a 12-month high of $5.77. The stock’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $1.22. The stock has a market capitalization of $362.48 million, a PE ratio of -3.97 and a beta of 2.74.

Insider Buying and Selling at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The sale 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 owned by insiders.

Institutional Trading of Quantum-Si

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 145,091 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Quantum-Si by 3.5% in the 2nd 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 during the period. Barclays PLC raised its stake in Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the last quarter. Green Alpha Advisors LLC lifted its position in 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 acquiring an additional 45,796 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Quantum-Si during the 3rd quarter valued at about $53,000. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.