Alliance Global Partners Initiates Coverage on Quantum-Si (NASDAQ:QSI)

Alliance Global Partners initiated coverage on shares of Quantum-Si (NASDAQ:QSI) in a report issued on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $3.75 target price on the stock.

A number of other equities research analysts have also recently weighed in on QSI. HC Wainwright reissued a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group dropped their price objective on shares of 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 Price Performance

Shares of QSI opened at $2.04 on Friday. Quantum-Si has a 1-year low of $0.61 and a 1-year high of $5.77. The stock has a market cap of $291.13 million, a PE ratio of -3.19 and a beta of 2.69. The firm has a fifty day moving average price of $2.15 and a 200 day moving average price of $1.36.

Insider Buying and Selling at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now directly owns 1,250,000 shares in the company, valued at $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 30.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QSI. Rhumbline Advisers grew its position 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 period. SG Americas Securities LLC grew its position in Quantum-Si by 12.4% during the fourth quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock worth $182,000 after buying an additional 7,470 shares during the period. Wolverine Asset Management LLC acquired a new position in Quantum-Si during the fourth quarter worth about $26,000. Abel Hall LLC purchased a new stake in shares of Quantum-Si in the fourth quarter valued at about $28,000. Finally, XTX Topco Ltd lifted its holdings in shares of Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after purchasing an additional 19,651 shares in the last quarter. 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.