PureCycle Technologies, Inc. (NASDAQ:PCT) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Four analysts give PureCycle a consensus rating of "Moderate Buy" (one sell, one hold, one buy, one strong buy) with an average 1‑year price target of $13.00.
• Weak recent results and financials: The company missed Q earnings and revenue (EPS -$0.42 vs -$0.25 est.; revenue $2.7M vs $6.37M est.), shows extreme negative margins and ROE, and carries a high debt‑to‑equity ratio (7.62).
• Institutional interest: About 63% of shares are held by institutions, with several funds materially increasing positions recently (e.g., Simplify +227%, RBC +41.8%).

PureCycle Technologies, Inc. (NASDAQ:PCT - Get Free Report) has received a consensus rating of "Moderate Buy" from the four analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.00.

PCT has been the topic of a number of recent research reports. Cantor Fitzgerald lowered their price objective on shares of PureCycle Technologies from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Weiss Ratings reiterated a "sell (d-)" rating on shares of PureCycle Technologies in a report on Thursday, January 22nd.

Institutional Trading of PureCycle Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Appian Way Asset Management LP raised its holdings in shares of PureCycle Technologies by 1.4% in the third quarter. Appian Way Asset Management LP now owns 4,315,655 shares of the company's stock valued at $56,751,000 after purchasing an additional 59,676 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of PureCycle Technologies by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,365,871 shares of the company's stock valued at $28,918,000 after purchasing an additional 15,536 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of PureCycle Technologies by 1.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 3,243,160 shares of the company's stock valued at $42,648,000 after purchasing an additional 44,817 shares during the last quarter. Simplify Asset Management Inc. raised its holdings in shares of PureCycle Technologies by 227.4% in the fourth quarter. Simplify Asset Management Inc. now owns 1,933,564 shares of the company's stock valued at $16,609,000 after purchasing an additional 1,342,955 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of PureCycle Technologies by 41.8% in the fourth quarter. Royal Bank of Canada now owns 1,671,756 shares of the company's stock valued at $14,361,000 after purchasing an additional 492,975 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

PureCycle Technologies Stock Performance

Shares of PCT stock opened at $6.73 on Wednesday. The company has a debt-to-equity ratio of 7.62, a quick ratio of 2.15 and a current ratio of 2.26. The company has a market capitalization of $1.22 billion, a P/E ratio of -5.56 and a beta of 2.10. The company's 50 day moving average price is $6.84 and its two-hundred day moving average price is $9.28. PureCycle Technologies has a 52 week low of $4.93 and a 52 week high of $17.37.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.17). The company had revenue of $2.70 million for the quarter, compared to analyst estimates of $6.37 million. PureCycle Technologies had a negative return on equity of 204.74% and a negative net margin of 2,185.10%. On average, analysts expect that PureCycle Technologies will post -1.01 earnings per share for the current fiscal year.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.

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