Quantum Computing Inc. (NASDAQ:QUBT) Given Average Rating of "Hold" by Brokerages

Key Points

• Analyst consensus: Six analysts give Quantum Computing a consensus rating of "Hold" (1 sell, 2 hold, 3 buy) with an average 1-year price target of $17.00.
• Market and results: QUBT shares opened at $7.12 (52-week range $5.76–$25.84) and trade with a negative P/E and high beta; the company beat EPS estimates last quarter ($-0.01 vs. -$0.04) but missed on revenue ($0.20M vs. $0.39M).
• Insider and institutional activity: Insiders have sold 81,122 shares (~$648k) in the past three months, including recent sales by the CFO and COO, insiders own 19.3% of the stock while institutional ownership is low at about 4.26%.

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) has received a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.00.

QUBT has been the subject of several research analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Quantum Computing in a report on Monday, December 29th. Wedbush started coverage on Quantum Computing in a report on Wednesday, December 17th. They set a "neutral" rating and a $12.00 target price on the stock. Wall Street Zen cut Quantum Computing from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Rosenblatt Securities restated a "buy" rating and issued a $22.00 price target on shares of Quantum Computing in a report on Tuesday, March 3rd. Finally, Ascendiant Capital Markets dropped their price target on Quantum Computing from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, December 22nd.

Quantum Computing Price Performance

Quantum Computing stock opened at $7.12 on Friday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -47.47 and a beta of 3.51. The company's 50 day simple moving average is $8.80 and its 200 day simple moving average is $12.62. Quantum Computing has a fifty-two week low of $5.76 and a fifty-two week high of $25.84.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $0.20 million during the quarter, compared to the consensus estimate of $0.39 million.

Insider Buying and Selling

In other Quantum Computing news, CFO Christopher Bruce Roberts sold 9,360 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $7.85, for a total transaction of $73,476.00. Following the sale, the chief financial officer directly owned 1,123,038 shares in the company, valued at approximately $8,815,848.30. This trade represents a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Milan Begliarbekov sold 2,860 shares of Quantum Computing stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $11.85, for a total transaction of $33,891.00. Following the completion of the transaction, the chief operating officer directly owned 24,240 shares in the company, valued at approximately $287,244. The trade was a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 81,122 shares of company stock valued at $648,248. 19.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Quantum Computing

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in shares of Quantum Computing in the fourth quarter valued at about $446,000. Rockefeller Capital Management L.P. grew its holdings in shares of Quantum Computing by 3.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 52,924 shares of the company's stock worth $543,000 after buying an additional 1,871 shares in the last quarter. Tulsa Wealth Advisors INC acquired a new stake in Quantum Computing in the 4th quarter valued at approximately $246,000. Invesco Ltd. raised its position in Quantum Computing by 21.1% in the 4th quarter. Invesco Ltd. now owns 96,557 shares of the company's stock valued at $991,000 after buying an additional 16,824 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Quantum Computing by 5.0% in the 4th quarter. Vident Advisory LLC now owns 48,164 shares of the company's stock valued at $494,000 after acquiring an additional 2,290 shares in the last quarter. 4.26% of the stock is owned by institutional investors.

Quantum Computing Company Profile

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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