PureCycle Technologies (NASDAQ:PCT) Price Target Cut to $8.00 by Analysts at Cantor Fitzgerald

PureCycle Technologies (NASDAQ:PCT) had its price objective reduced by Cantor Fitzgerald from $12.00 to $8.00 in a report issued on Thursday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PureCycle Technologies in a report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PureCycle Technologies presently has an average rating of “Hold” and a consensus price target of $10.75.

PureCycle Technologies Price Performance

NASDAQ:PCT opened at $1.88 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.60 and a debt-to-equity ratio of 27.37. The stock’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $7.16. The firm has a market capitalization of $377.70 million, a price-to-earnings ratio of -1.63 and a beta of 2.74. PureCycle Technologies has a 12-month low of $1.66 and a 12-month high of $14.19.

PureCycle Technologies (NASDAQ:PCT) last issued its earnings results on Wednesday, November 4th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.03). The business had revenue of $2.35 million for the quarter, compared to the consensus estimate of $8.28 million. PureCycle Technologies had a negative return on equity of 912.74% and a negative net margin of 1,370.89%. On average, analysts anticipate that PureCycle Technologies will post -0.90 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Fernando Musa purchased 15,479 shares of the stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of $6.38 per share, with a total value of $98,756.02. Following the acquisition, the director directly owned 175,983 shares in the company, valued at $1,122,771.54. The trade was a 9.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 18.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PureCycle Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP increased its position in PureCycle Technologies by 707.8% during the first quarter. Quantinno Capital Management LP now owns 428,534 shares of the company’s stock worth $2,224,000 after acquiring an additional 375,486 shares during the period. NewEdge Advisors LLC raised its stake in PureCycle Technologies by 600.9% in the 2nd quarter. NewEdge Advisors LLC now owns 1,186,811 shares of the company’s stock worth $9,625,000 after purchasing an additional 1,017,488 shares in the last quarter. Bank of America Corp DE bought a new stake in PureCycle Technologies in the 2nd quarter valued at about $5,095,000. State Street Corp boosted its holdings in PureCycle Technologies by 12.0% in the 2nd quarter. State Street Corp now owns 3,331,674 shares of the company’s stock valued at $27,020,000 after purchasing an additional 355,675 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in PureCycle Technologies in the 2nd quarter valued at about $3,290,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

PureCycle Technologies News Summary

Here are the key news stories impacting PureCycle Technologies this week:

• Positive Sentiment: Management cited a 45 million–55 million-pound demand pipeline, suggesting potential customer demand if PureCycle can reliably produce and deliver material. Article: PureCycle outlines demand pipeline
• Positive Sentiment: The quarterly loss narrowed to $0.29 per share from $0.44 a year earlier, although the result still missed analyst estimates. Article: PureCycle reports Q3 loss
• Neutral Sentiment: PureCycle is pausing discretionary growth spending until Thailand financing closes. This may help conserve cash in the near term, but also makes growth plans dependent on securing financing. Article: PureCycle outlines demand pipeline
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $12 to $8 but kept an “overweight” rating, signaling a reduced outlook while remaining bullish on potential longer-term upside. Article: Cantor Fitzgerald stock recommendations
• Negative Sentiment: Two reliability issues at Ironton constrained third-quarter production, leaving the company short of inventory for its internal revenue targets. A report said the disclosure contributed to an approximately 12% share decline. Article: PureCycle investigation notice
• Negative Sentiment: Third-quarter revenue was $2.35 million, well below the $8.28 million consensus estimate, while the $0.29-per-share loss also missed estimates. The production shortfall and earnings miss reinforce concerns about execution and near-term revenue. Article: PureCycle reports third-quarter 2026 results

PureCycle Technologies Company Profile

PureCycle Technologies, Inc (NASDAQ:PCT) is a recycling technology company focused on converting waste polypropylene (PP) into recycled resin with properties designed to be comparable to virgin polypropylene. Its technology is intended to remove color, odor and other contaminants from used plastic, expanding the potential for recycled PP in applications that traditionally rely on virgin materials.

The company processes post-consumer and post-industrial polypropylene feedstock into purified recycled polypropylene products.