FY2025 EPS Estimates for QUBT Lowered by Cantor Fitzgerald

Key Points

• The analyst firm Cantor Fitzgerald has lowered Quantum Computing Inc.'s FY2025 earnings per share estimate to ($0.26), down from a prior estimate of ($0.07).
• Quantum Computing reported a quarterly earnings per share of ($0.06), meeting consensus expectations but falling short of revenue expectations with only $0.06 million reported compared to $0.10 million expected.
• Institutional ownership in Quantum Computing is modest at 4.26%, with significant recent purchases from firms such as Alyeska Investment Group and Anson Funds Management.

Quantum Computing Inc. (NASDAQ:QUBT - Free Report) - Research analysts at Cantor Fitzgerald cut their FY2025 earnings estimates for Quantum Computing in a note issued to investors on Monday, August 18th. Cantor Fitzgerald analyst T. Jensen now expects that the company will post earnings per share of ($0.26) for the year, down from their previous estimate of ($0.07). Cantor Fitzgerald has a "Neutral" rating and a $15.00 price target on the stock. Cantor Fitzgerald also issued estimates for Quantum Computing's FY2026 earnings at ($0.33) EPS.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $0.06 million for the quarter, compared to analysts' expectations of $0.10 million.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Quantum Computing from a "hold" rating to a "strong sell" rating in a research note on Saturday. Ascendiant Capital Markets lifted their price objective on shares of Quantum Computing from $14.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.50.

Quantum Computing Stock Performance

QUBT opened at $14.86 on Wednesday. Quantum Computing has a fifty-two week low of $0.58 and a fifty-two week high of $27.15. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -21.85 and a beta of 4.09. The company has a fifty day moving average of $17.58 and a 200 day moving average of $11.54.

Institutional Investors Weigh In On Quantum Computing

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. purchased a new position in Quantum Computing during the 4th quarter valued at about $69,613,000. Anson Funds Management LP purchased a new position in Quantum Computing during the 4th quarter valued at about $70,006,000. Geode Capital Management LLC increased its position in Quantum Computing by 116.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,630,525 shares of the company's stock valued at $50,433,000 after purchasing an additional 1,416,928 shares during the period. Penserra Capital Management LLC purchased a new position in Quantum Computing during the 2nd quarter valued at about $19,543,000. Finally, Vanguard Group Inc. increased its position in Quantum Computing by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 5,191,404 shares of the company's stock valued at $41,531,000 after purchasing an additional 1,004,675 shares during the period. Institutional investors own 4.26% of the company's stock.

Insider Transactions at Quantum Computing

In related news, Director Michael C. Turmelle sold 200,986 shares of Quantum Computing stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $14.18, for a total transaction of $2,849,981.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher Boehmler sold 46,440 shares of Quantum Computing stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $20.00, for a total transaction of $928,800.00. Following the sale, the chief financial officer owned 351,152 shares of the company's stock, valued at $7,023,040. The trade was a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 519,871 shares of company stock valued at $8,369,064 in the last quarter. 19.30% of the stock is currently owned by company insiders.

About Quantum Computing

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.

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