Northland Capmk Upgrades PureCycle Technologies (NASDAQ:PCT) to Strong-Buy

Key Points

• PureCycle Technologies received an upgrade to a "strong-buy" rating from Northland Capital Markets, indicating growing confidence in the company's future performance.
• Recent earnings reports revealed that PureCycle missed consensus earnings estimates, with a reported loss of ($0.35) per share against an expectation of ($0.23).
• Institutional investors hold a significant stake in PureCycle, with 63.01% of the company's stock owned by them, reflecting increasing interest from larger financial entities.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) was upgraded by Northland Capmk to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports. Northland Capmk also issued estimates for PureCycle Technologies' Q3 2025 earnings at ($0.30) EPS, Q4 2025 earnings at ($0.26) EPS, FY2025 earnings at ($1.18) EPS, Q1 2026 earnings at ($0.21) EPS, Q2 2026 earnings at ($0.18) EPS, Q3 2026 earnings at ($0.15) EPS, Q4 2026 earnings at ($0.16) EPS and FY2026 earnings at ($0.70) EPS.

PCT has been the topic of several other research reports. TD Cowen upgraded shares of PureCycle Technologies to a "strong-buy" rating in a report on Monday, June 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $16.00 price target on shares of PureCycle Technologies in a research report on Friday, August 8th. Wall Street Zen lowered PureCycle Technologies from a "hold" rating to a "sell" rating in a research note on Monday, July 21st. Northland Securities started coverage on PureCycle Technologies in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $16.00 target price on the stock. Finally, Cowen restated a "buy" rating on shares of PureCycle Technologies in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat, PureCycle Technologies currently has an average rating of "Buy" and an average price target of $15.00.

PureCycle Technologies Stock Down 2.3%

Shares of NASDAQ:PCT traded down $0.34 during trading on Tuesday, reaching $14.29. The stock had a trading volume of 2,247,660 shares, compared to its average volume of 2,996,659. PureCycle Technologies has a one year low of $4.50 and a one year high of $17.37. The company has a market capitalization of $2.57 billion, a P/E ratio of -8.46 and a beta of 2.01. The company has a current ratio of 2.14, a quick ratio of 2.07 and a debt-to-equity ratio of 3.54. The firm's 50-day simple moving average is $14.06 and its 200 day simple moving average is $10.39.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.12). The firm had revenue of $1.65 million for the quarter, compared to analyst estimates of $4.10 million. As a group, research analysts expect that PureCycle Technologies will post -1.01 EPS for the current fiscal year.

Institutional Investors Weigh In On PureCycle Technologies

Several hedge funds have recently made changes to their positions in PCT. Envestnet Asset Management Inc. acquired a new stake in shares of PureCycle Technologies during the fourth quarter worth about $315,000. Raymond James Financial Inc. acquired a new position in PureCycle Technologies during the fourth quarter worth about $1,415,000. Marshall Wace LLP purchased a new stake in shares of PureCycle Technologies in the fourth quarter valued at about $598,000. MetLife Investment Management LLC lifted its holdings in shares of PureCycle Technologies by 7.5% in the fourth quarter. MetLife Investment Management LLC now owns 75,958 shares of the company's stock valued at $779,000 after purchasing an additional 5,281 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of PureCycle Technologies by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 108,035 shares of the company's stock valued at $1,108,000 after buying an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.