Quantum-Si (NASDAQ:QSI) Coverage Initiated by Analysts at Alliance Global Partners

Analysts at Alliance Global Partners initiated coverage on shares of Quantum-Si (NASDAQ:QSI) in a report released on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $3.75 price target on the stock. Alliance Global Partners’ target price would indicate a potential upside of 97.37% from the stock’s previous close.

Several other brokerages have also commented on QSI. HC Wainwright reissued a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th. Canaccord Genuity Group cut their price target 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.

Quantum-Si Price Performance

Quantum-Si stock opened at $1.90 on Friday. Quantum-Si has a 12 month low of $0.61 and a 12 month high of $5.77. The stock has a market capitalization of $271.15 million, a PE ratio of -2.97 and a beta of 2.70. The business has a 50 day simple moving average of $2.14 and a 200-day simple moving average of $1.35.

Insider Buying and Selling

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 30.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Quantum-Si

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock worth $402,000 after buying an additional 5,298 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock valued at $182,000 after acquiring an additional 7,470 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Quantum-Si in the fourth quarter valued at about $26,000. Abel Hall LLC acquired a new stake in Quantum-Si during the fourth quarter worth about $28,000. Finally, XTX Topco Ltd raised its stake in 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 purchasing an additional 19,651 shares during the period. Institutional investors and hedge funds 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.