Should I buy or sell Quanterix stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanterix in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" QTRX shares. View QTRX analyst ratings or view top-rated stocks .

What is Quanterix's stock price target for 2024?

6 equities research analysts have issued 1 year price targets for Quanterix's stock. Their QTRX share price targets range from $30.00 to $34.00. On average, they anticipate the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 102.1% from the stock's current price. View analysts price targets for QTRX or view top-rated stocks among Wall Street analysts .

How have QTRX shares performed in 2024?

Quanterix's stock was trading at $27.34 at the start of the year. Since then, QTRX stock has decreased by 42.1% and is now trading at $15.83. View the best growth stocks for 2024 here .

Are investors shorting Quanterix?

Quanterix saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,000,000 shares, a drop of 18.7% from the March 15th total of 1,230,000 shares. Based on an average trading volume of 334,600 shares, the short-interest ratio is currently 3.0 days. Approximately 2.9% of the company's shares are sold short. View Quanterix's Short Interest .

When is Quanterix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our QTRX earnings forecast .

How were Quanterix's earnings last quarter?

Quanterix Co. (NASDAQ:QTRX) released its quarterly earnings data on Thursday, February, 29th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by $0.05. The company had revenue of $31.55 million for the quarter, compared to the consensus estimate of $27.92 million. Quanterix had a negative trailing twelve-month return on equity of 9.15% and a negative net margin of 26.42%.

What guidance has Quanterix issued on next quarter's earnings?

Quanterix issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $139.0 million-$144.0 million, compared to the consensus revenue estimate of $138.2 million.

What is Kevin Hrusovsky's approval rating as Quanterix's CEO?

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.

What other stocks do shareholders of Quanterix own?

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) .

When did Quanterix IPO?

Quanterix (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 acted as the underwriters for the IPO and BTIG and Evercore ISI were co-managers.

Who are Quanterix's major shareholders?

Quanterix's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.05%) and Allspring Global Investments Holdings LLC (0.03%). 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 , Laurie J Olson, Marijn E Dekkers , Mark T Roskey, Mark T Roskey , Masoud Toloue, Michael A Doyle and William P Donnelly. View institutional ownership trends .

How do I buy shares of Quanterix?

Shares of QTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:QTRX

Quanterix (QTRX) Stock Price, News & Analysis

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Free QTRX Stock Alerts

$15.83

+0.04 (+0.25%)

(As of 04/19/2024 ET)

Compare

Today's Range: $15.57
▼
$16.33
50-Day Range: $15.75
▼
$28.28
52-Week Range: $11.39
▼
$29.70

Volume: 358,738 shs
Average Volume: 346,282 shs
Market Capitalization: $605.50 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $32.00

Get Quanterix alerts:

Quanterix MarketRank™ Stock Analysis

Analyst Rating: Buy
3.17 Rating Score
Upside/Downside: 102.1% Upside
$32.00 Price Target
Short Interest: Healthy
2.91% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.35
Based on 3 Articles This Week
Insider Trading: Selling Shares
$60,025 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($1.04) to ($1.17) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.19 out of 5 stars

Medical Sector

317th out of 911 stocks

Analytical Instruments Industry

11th out of 26 stocks

3.6

Analyst's Opinion

Consensus Rating
Quanterix has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Quanterix has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.91% of the float of Quanterix has been sold short.
Short Interest Ratio / Days to Cover
Quanterix has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Quanterix has recently decreased by 18.70%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Quanterix does not currently pay a dividend.
Dividend Growth
Quanterix does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for QTRX.

3.5

News and Social Media Coverage

News Sentiment
Quanterix has a news sentiment score of 1.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Quanterix this week, compared to 2 articles on an average week.
Search Interest
7 people have searched for QTRX on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Quanterix to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Quanterix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $60,025.00 in company stock.
Percentage Held by Insiders
Only 6.80% of the stock of Quanterix is held by insiders.
Percentage Held by Institutions
86.48% of the stock of Quanterix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Quanterix are expected to decrease in the coming year, from ($1.04) to ($1.17) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Quanterix is -18.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Quanterix is -18.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Quanterix has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Quanterix Stock (NASDAQ:QTRX)

Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers HD-X instrument, a protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection in an expanded range of applications. It also provides SP-X instrument that is based on Simoa planar array technology for the measurement of multiplex chemiluminescent immunoassays. The company's products include assays include all components required to run enzyme-based immunoassay, such as beads, capture and detector reagents, and enzyme reagents and substrate; and replacement parts, reagents, and antibodies. In addition, it offers contract research services, including sample testing, homebrew assay development, custom assay development, lucent diagnostic, and LDT testing services. The company primarily operates in the areas of neurology, oncology, cardiology, infectious diseases, and inflammation. It sells its products for the life science research sector primarily to laboratories associated with academic and governmental research institutions, as well as pharmaceutical, biotechnology, and contract research companies through a direct field sale, support organizations, and distributors or sales agents. The company was formerly known as Digital Genomics, Inc. and changed its name to Quanterix Corporation in August 2007. Quanterix Corporation was incorporated in 2007 and is headquartered in Billerica, Massachusetts.

QTRX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

QTRX Stock News Headlines

April 3, 2024 | insidertrades.com

Quanterix Co. (NASDAQ:QTRX) Director Laurie J. Olson Sells 1,000 Shares

April 16, 2024 | americanbankingnews.com

Quanterix Co. (NASDAQ:QTRX) Receives Average Recommendation of "Buy" from Brokerages

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Quanterix (NASDAQ:QTRX) Shares Down 7.5%

April 1, 2024 | finance.yahoo.com

Investing in Quanterix (NASDAQ:QTRX) a year ago would have delivered you a 111% gain

March 27, 2024 | markets.businessinsider.com

Quanterix’s Strong IP Position Fuels Buy Rating in Alzheimer’s Diagnostic Market

March 26, 2024 | markets.businessinsider.com

Analysts Are Bullish on Top Healthcare Stocks: Quanterix (QTRX), Passage Bio (PASG)

March 22, 2024 | markets.businessinsider.com

Analysts Are Bullish on Top Healthcare Stocks: Annovis Bio (ANVS), AbSci (ABSI)

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Biden replacement revealed?

A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.

March 21, 2024 | finance.yahoo.com

Quanterix Outlines Partner Path With Labs to Expedite Building Global Alzheimer’s Disease Testing Infrastructure

March 21, 2024 | businesswire.com

Quanterix Outlines Partner Path With Labs to Expedite Building Global Alzheimer's Disease Testing Infrastructure

March 16, 2024 | finance.yahoo.com

QTRX Apr 2024 22.500 call

March 16, 2024 | finance.yahoo.com

QTRX Apr 2024 27.500 put

March 11, 2024 | msn.com

CryoPort Q4 2023 Earnings Preview

March 7, 2024 | markets.businessinsider.com

Quanterix’s Growth Catalysts: FDA Breakthrough Designation and Alzheimer’s Diagnostic Potential

March 6, 2024 | stockhouse.com

Quanterix Granted Breakthrough Device Designation from U.S. FDA for Blood-Based p-Tau 217 Test for Alzheimer's Disease

March 4, 2024 | realmoney.thestreet.com

Quanterix price target raised by $2 at Scotiabank, here's why

March 4, 2024 | finance.yahoo.com

Quanterix Granted Breakthrough Device Designation from U.S. FDA for Blood-Based p-Tau 217 Test for Alzheimer’s Disease

March 3, 2024 | finance.yahoo.com

Quanterix Corporation (NASDAQ:QTRX) Just Released Its Annual Results And Analysts Are Updating Their Estimates

March 3, 2024 | finance.yahoo.com

Quanterix Corporation (NASDAQ:QTRX) Q4 2023 Earnings Call Transcript

March 2, 2024 | seekingalpha.com

Quanterix Corporation (QTRX) Q4 2023 Earnings Call Transcript

March 2, 2024 | finance.yahoo.com

Quanterix Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 1, 2024 | markets.businessinsider.com

Quanterix: A Hold Rating Amidst Mixed Performance and Growth Potential

February 29, 2024 | finance.yahoo.com

Quanterix Releases Operating Results for Fourth Quarter and Full Year 2023

February 29, 2024 | businesswire.com

Quanterix Releases Operating Results for Fourth Quarter and Full Year 2023

February 28, 2024 | benzinga.com

Earnings Preview: Quanterix

February 27, 2024 | finance.yahoo.com

Quanterix Corp (QTRX) Aligns Earnings Release with Annual Report Filing, Reaffirms 2023 Guidance

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Analytical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:QTRX
CUSIP: N/A
CIK: 1503274
Web: www.quanterix.com
Phone: (617) 301-9400
Fax: N/A
Employees: 441
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $32.00
High Stock Price Target: $34.00
Low Stock Price Target: $30.00
Potential Upside/Downside: +104.2%
Consensus Rating: Buy
Rating Score (0-4): 3.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.86)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-32,330,000.00
Net Margins: -26.42%
Pretax Margin: -25.84%
Return on Equity: -9.15%
Return on Assets: -7.56%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 9.84
Quick Ratio: 9.26

Sales & Book Value

Annual Sales: $122.37 million
Price / Sales: 4.90
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $9.17 per share
Price / Book: 1.71

Miscellaneous

Outstanding Shares: 38,250,000
Free Float: 35,646,000
Market Cap: $599.38 million
Optionable: Optionable
Beta: 1.30

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Key Executives

Dr. Masoud Toloue Ph.D. (Age 43)
President, CEO & Director
Comp: $957.03k
Dr. David R. Walt Ph.D. (Age 71)
Co-Founder, Chairman of Scientific Advisory Board & Independent Director
Comp: $47.25k
Dr. Mark T. Roskey Ph.D. (Age 64)
Senior Vice President of Strategic Partnerships
Comp: $495.03k
Mr. Michael A. Doyle (Age 68)
Executive Director of Finance
Comp: $570.14k
Ms. Vandana Sriram CPA (Age 50)
Chief Financial Officer
Mr. Daniel Pikora (Age 48)
Chief Operating Officer
Dr. David C. Duffy Ph.D. (Age 53)
Senior VP of Research & Development and CTO
Comp: $299.05k
Ms. Alexandra Phillips
Senior VP & Chief Information Officer
Ms. Laurie A. Churchill (Age 53)
Senior VP, General Counsel & Secretary
David Panzerella
Vice President of Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

QTRX Stock Analysis - Frequently Asked Questions

Should I buy or sell Quanterix stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanterix in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" QTRX shares.
View QTRX analyst ratings or view top-rated stocks.
What is Quanterix's stock price target for 2024?: 6 equities research analysts have issued 1 year price targets for Quanterix's stock. Their QTRX share price targets range from $30.00 to $34.00. On average, they anticipate the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 102.1% from the stock's current price.
View analysts price targets for QTRX or view top-rated stocks among Wall Street analysts.
How have QTRX shares performed in 2024?: Quanterix's stock was trading at $27.34 at the start of the year. Since then, QTRX stock has decreased by 42.1% and is now trading at $15.83.
View the best growth stocks for 2024 here.
Are investors shorting Quanterix?: Quanterix saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,000,000 shares, a drop of 18.7% from the March 15th total of 1,230,000 shares. Based on an average trading volume of 334,600 shares, the short-interest ratio is currently 3.0 days. Approximately 2.9% of the company's shares are sold short.
View Quanterix's Short Interest.
When is Quanterix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our QTRX earnings forecast.
How were Quanterix's earnings last quarter?: Quanterix Co. (NASDAQ:QTRX) released its quarterly earnings data on Thursday, February, 29th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by $0.05. The company had revenue of $31.55 million for the quarter, compared to the consensus estimate of $27.92 million. Quanterix had a negative trailing twelve-month return on equity of 9.15% and a negative net margin of 26.42%.

What guidance has Quanterix issued on next quarter's earnings?: Quanterix issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $139.0 million-$144.0 million, compared to the consensus revenue estimate of $138.2 million.
What is Kevin Hrusovsky's approval rating as Quanterix's CEO?: 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.
What other stocks do shareholders of Quanterix own?: 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).
When did Quanterix IPO?: Quanterix (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 acted as the underwriters for the IPO and BTIG and Evercore ISI were co-managers.
Who are Quanterix's major shareholders?: Quanterix's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.05%) and Allspring Global Investments Holdings LLC (0.03%). 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, Laurie J Olson, Marijn E Dekkers, Mark T Roskey, Mark T Roskey, Masoud Toloue, Michael A Doyle and William P Donnelly.
View institutional ownership trends.
How do I buy shares of Quanterix?: Shares of QTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:QTRX) was last updated on 4/19/2024 by MarketBeat.com Staff

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