FY2025 EPS Estimate for Rigetti Computing Reduced by Analyst

Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) - Equities research analysts at B. Riley cut their FY2025 EPS estimates for shares of Rigetti Computing in a research report issued to clients and investors on Monday, May 12th. B. Riley analyst C. Ellis now forecasts that the company will post earnings per share of ($0.26) for the year, down from their prior estimate of ($0.23). B. Riley has a "Buy" rating and a $15.00 price objective on the stock. The consensus estimate for Rigetti Computing's current full-year earnings is ($0.34) per share. B. Riley also issued estimates for Rigetti Computing's Q4 2025 earnings at ($0.06) EPS and Q1 2026 earnings at ($0.06) EPS.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $2.27 million during the quarter, compared to analyst estimates of $2.40 million. Rigetti Computing had a negative return on equity of 51.56% and a negative net margin of 509.58%. During the same period in the previous year, the business earned ($0.04) EPS.

RGTI has been the subject of several other research reports. Alliance Global Partners restated a "buy" rating on shares of Rigetti Computing in a research note on Thursday, March 6th. Needham & Company LLC cut their price target on Rigetti Computing from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Benchmark reissued a "buy" rating and set a $14.00 price target on shares of Rigetti Computing in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $14.00.

Rigetti Computing Price Performance

Shares of RGTI opened at $11.64 on Thursday. The firm has a 50-day simple moving average of $9.14 and a two-hundred day simple moving average of $8.66. Rigetti Computing has a 1-year low of $0.66 and a 1-year high of $21.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.84 and a quick ratio of 4.84. The stock has a market cap of $3.33 billion, a PE ratio of -30.63 and a beta of 1.41.

Institutional Trading of Rigetti Computing

Several large investors have recently added to or reduced their stakes in RGTI. Signaturefd LLC acquired a new position in shares of Rigetti Computing during the fourth quarter valued at about $25,000. GAMMA Investing LLC lifted its holdings in Rigetti Computing by 1,813.0% in the first quarter. GAMMA Investing LLC now owns 3,233 shares of the company's stock valued at $26,000 after buying an additional 3,064 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Rigetti Computing during the fourth quarter worth $28,000. Center for Financial Planning Inc. acquired a new stake in Rigetti Computing during the 1st quarter worth approximately $30,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Rigetti Computing in the fourth quarter valued at about $32,000. 35.38% of the stock is owned by institutional investors.

Insider Activity

In other news, CTO David Rivas sold 351,785 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $7.76, for a total value of $2,729,851.60. Following the completion of the sale, the chief technology officer now owns 1,094,738 shares of the company's stock, valued at $8,495,166.88. This trade represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.90% of the company's stock.

Rigetti Computing Company Profile

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

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