Quanterix - QTRX Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Quanterix in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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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7 analysts have issued 12-month target prices for Quanterix's stock. Their QTRX share price forecasts range from $12.00 to $60.00. On average, they predict the company's share price to reach $26.33 in the next twelve months. This suggests a possible upside of 210.9% from the stock's current price.
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Quanterix's stock was trading at $42.40 on January 1st, 2022. Since then, QTRX shares have decreased by 80.0% and is now trading at $8.47.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Quanterix Co. (NASDAQ:QTRX) released its earnings results on Monday, August, 8th. The company reported ($0.67) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.67). The business had revenue of $23.50 million for the quarter, compared to analysts' expectations of $29.54 million. Quanterix had a negative net margin of 70.92% and a negative trailing twelve-month return on equity of 18.22%.

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 (IPO) 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 acted 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 shareholders include FMR LLC (7.05%), Macquarie Group Ltd. (6.13%), Millennium Management LLC (4.08%), Price T Rowe Associates Inc. MD (2.88%), Ashford Capital Management Inc. (2.17%) and Frontier Capital Management Co. LLC (1.90%). 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 $8.47.

Quanterix (NASDAQ:QTRX) has a market capitalization of $313.29 million and generates $110.56 million in revenue each year. The company earns $-57,690,000.00 in net income (profit) each year or ($2.14) 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.