Quanterix (QTRX) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanterix in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" QTRX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QTRX, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued 1 year target prices for Quanterix's stock. Their QTRX share price forecasts range from $12.00 to $27.00. On average, they expect the company's stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 20.7%.
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Quanterix's stock was trading at $13.85 at the beginning of the year. Since then, QTRX stock has increased by 63.8% and is now trading at $22.69.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Quanterix Co. (NASDAQ:QTRX) posted its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.36) by $0.20. The firm earned $28.46 million during the quarter, compared to the consensus estimate of $25.46 million. Quanterix had a negative net margin of 81.08% and a negative trailing twelve-month return on equity of 17.22%.

ETFs with the largest weight of Quanterix (NASDAQ:QTRX) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), Principal Healthcare Innovators ETF (BTEC), iShares Biotechnology ETF (IBB),

Quanterix issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $104.00 million-$111.00 million, compared to the consensus revenue estimate of $106.71 million.

15 employees have rated Quanterix Chief Executive Officer Kevin Hrusovsky on Glassdoor.com. Kevin Hrusovsky has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Quanterix investors own include Editas Medicine (EDIT), Novavax (NVAX), Akoustis Technologies (AKTS), Advanced Micro Devices (AMD), CRISPR Therapeutics (CRSP), Walt Disney (DIS), Illumina (ILMN), Sorrento Therapeutics (SRNE), Cisco Systems (CSCO) and Intellia Therapeutics (NTLA).

(QTRX) raised $50 million in an initial public offering on Thursday, December 7th 2017. The company issued 3,300,000 shares at $14.00-$16.00 per share. J.P. Morga and Leerink Partners served as the underwriters for the IPO and BTIG and Evercore ISI were co-managers.

Quanterix trades on the NASDAQ under the ticker symbol "QTRX."

Quanterix's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.27%), Granahan Investment Management LLC (3.47%), Ameriprise Financial Inc. (2.74%), Deutsche Bank AG (2.64%), Frontier Capital Management Co. LLC (2.62%) and Gilder Gagnon Howe & Co. LLC (2.38%). Insiders that own company stock include Amol Chaubal, David C Duffy, David C Duffy, David R Walt, Dawn Mattoon, E Kevin Hrusovsky, John J Fry, John J Fry, Marijn E Dekkers, Marijn E Dekkers, Mark T Roskey, Mark T Roskey, Martin D Madaus, Masoud Toloue and Michael A Doyle.
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Shares of QTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of QTRX stock can currently be purchased for approximately $22.69.

Quanterix (NASDAQ:QTRX) has a market capitalization of $848.83 million and generates $105.52 million in revenue each year. The company earns $-96,700,000.00 in net income (profit) each year or ($2.28) on an earnings per share basis.

The company employs 460 workers across the globe.

Quanterix's mailing address is 900 MIDDLESEX TURNPIKE, BILLERICA MA, 01821. The official website for the company is www.quanterix.com. The company can be reached via phone at (617) 301-9400 or via email at ir@quanterix.com.