Quantum Computing (NASDAQ:QUBT) Research Coverage Started at Northland Securities

Northland Securities assumed coverage on shares of Quantum Computing (NASDAQ:QUBTFree Report) in a research note released on Monday, MarketBeat reports. The firm issued an outperform rating and a $20.00 target price on the stock. Northland Securities also issued estimates for Quantum Computing’s FY2026 earnings at ($0.25) EPS and FY2027 earnings at ($0.27) EPS.

QUBT has been the subject of a number of other research reports. Cantor Fitzgerald lowered their price target on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Wall Street Zen lowered Quantum Computing from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Rosenblatt Securities restated a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a report on Tuesday, March 3rd. Ascendiant Capital Markets lowered their target price on Quantum Computing from $40.00 to $25.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Quantum Computing currently has an average rating of “Hold” and an average target price of $17.50.

Read Our Latest Stock Analysis on Quantum Computing

Quantum Computing Stock Performance

Shares of NASDAQ QUBT opened at $9.86 on Monday. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -65.73 and a beta of 3.67. The stock has a 50 day moving average price of $7.80 and a 200 day moving average price of $11.10. Quantum Computing has a 52-week low of $6.18 and a 52-week high of $25.84.

Quantum Computing (NASDAQ:QUBTGet Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.39 million. Analysts forecast that Quantum Computing will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Quantum Computing news, CFO Christopher Bruce Roberts sold 9,360 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.85, for a total transaction of $73,476.00. Following the completion of the sale, the chief financial officer owned 1,123,038 shares in the company, valued at $8,815,848.30. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Quantum Computing

A number of hedge funds have recently bought and sold shares of the stock. Aventura Private Wealth LLC purchased a new stake in shares of Quantum Computing during the 4th quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in shares of Quantum Computing during the 4th quarter valued at $26,000. Farther Finance Advisors LLC lifted its holdings in shares of Quantum Computing by 724.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company’s stock valued at $28,000 after purchasing an additional 1,319 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Quantum Computing during the 1st quarter valued at $28,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Quantum Computing during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

More Quantum Computing News

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Quantum Computing Company Profile

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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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Analyst Recommendations for Quantum Computing (NASDAQ:QUBT)

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