Quantum Computing (NASDAQ:QUBT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Quantum Computing (NASDAQ:QUBT) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities analysts have also weighed in on QUBT. Cantor Fitzgerald reduced their price objective on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Quantum Computing in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th. Finally, Northland Securities started coverage on Quantum Computing in a research note on Monday, April 20th. They issued an “outperform” rating and a $20.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

Quantum Computing Price Performance

QUBT opened at $10.51 on Friday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -37.53 and a beta of 3.70. The business has a 50-day moving average of $8.27 and a two-hundred day moving average of $10.12. Quantum Computing has a 12 month low of $6.18 and a 12 month high of $25.84.

Quantum Computing (NASDAQ:QUBT) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $3.69 million during the quarter, compared to analysts’ expectations of $3.13 million. Equities research analysts anticipate that Quantum Computing will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Quantum Computing

In related news, CFO Christopher Bruce Roberts sold 68,902 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $7.85, for a total transaction of $540,880.70. Following the transaction, the chief financial officer directly owned 1,132,398 shares of the company’s stock, valued at approximately $8,889,324.30. The trade was a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 19.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Quantum Computing

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP acquired a new position in Quantum Computing during the 1st quarter worth approximately $246,000. Renaissance Technologies LLC lifted its position in Quantum Computing by 393.8% during the 1st quarter. Renaissance Technologies LLC now owns 667,674 shares of the company’s stock worth $4,574,000 after acquiring an additional 532,451 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Quantum Computing by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,515 shares of the company’s stock worth $86,000 after acquiring an additional 1,057 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Quantum Computing during the 1st quarter worth approximately $70,000. Finally, Independent Financial Group LLC acquired a new position in Quantum Computing during the 1st quarter worth approximately $76,000. 4.26% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Quantum Computing

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Northland Securities raised its earnings estimates for Quantum Computing and reiterated an Outperform rating with a $20 price target, signaling improved analyst expectations for the company’s longer-term earnings path.
• Positive Sentiment: Multiple articles highlighted the stock’s post-earnings surge and a huge revenue beat, showing that investors are still reacting to the strong quarterly results and rapid top-line growth.
• Neutral Sentiment: Analyst-target commentary from Yahoo Finance and Zacks pointed to roughly 61.7% upside, but also noted that consensus targets have mixed predictive value, so this was more of a sentiment support item than a clear catalyst.
• Neutral Sentiment: Coverage from TipRanks and Seeking Alpha suggested Wall Street remains skeptical about how quickly Quantum Computing can turn revenue growth into durable profits, keeping expectations elevated but not fully validated.
• Negative Sentiment: The broader quantum-computing group sold off Friday, with QUBT falling alongside peers like IonQ, Rigetti, and D-Wave, indicating sector-wide pressure rather than company-specific bad news.

About Quantum Computing

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.