Landscape Capital Management L.L.C. purchased a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 381,046 shares of the company's stock, valued at approximately $3,696,000. Landscape Capital Management L.L.C. owned approximately 0.17% of Quantum Computing as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of Quantum Computing during the 4th quarter valued at $26,000. Rhumbline Advisers purchased a new stake in Quantum Computing during the first quarter valued at about $28,000. Tucker Asset Management LLC bought a new position in shares of Quantum Computing during the fourth quarter valued at about $29,000. State of Wyoming bought a new position in shares of Quantum Computing during the second quarter valued at about $29,000. Finally, FWL Investment Management LLC purchased a new position in shares of Quantum Computing in the second quarter worth about $33,000. 4.26% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on QUBT shares. Rosenblatt Securities reissued a "buy" rating and issued a $22.00 target price on shares of Quantum Computing in a research note on Monday, June 29th. Lake Street Capital reiterated a "buy" rating on shares of Quantum Computing in a research report on Monday, July 6th. Wall Street Zen lowered Quantum Computing from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Cantor Fitzgerald restated a "neutral" rating and issued a $10.00 target price on shares of Quantum Computing in a report on Tuesday, August 11th. Finally, Wedbush began coverage on shares of Quantum Computing in a research note on Monday, August 3rd. They issued a "neutral" rating and a $12.00 target price on the stock. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Quantum Computing has a consensus rating of "Hold" and an average price target of $18.33.
Check Out Our Latest Stock Analysis on QUBT
Quantum Computing Stock Performance
QUBT opened at $8.91 on Friday. The stock has a market capitalization of $2.02 billion, a PE ratio of -127.27 and a beta of 3.74. The stock's 50 day moving average price is $8.88 and its 200-day moving average price is $8.90. Quantum Computing Inc. has a 52-week low of $6.18 and a 52-week high of $25.84.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The company had revenue of $5.55 million during the quarter, compared to the consensus estimate of $5.15 million. Research analysts forecast that Quantum Computing Inc. will post -0.18 EPS for the current fiscal year.
Quantum Computing Company Profile
(
Free Report)
Quantum Computing Inc NASDAQ: QUBT is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company's flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
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