Quanterix Co. (NASDAQ:QTRX – Get Ranking) was the goal of a giant enhance briefly curiosity in the course of the month of September. As of September thirtieth, there was quick curiosity totalling 1,290,000 shares, a rise of 40.0% from the September fifteenth complete of 921,500 shares. Primarily based on a median buying and selling quantity of 870,600 shares, the days-to-cover ratio is presently 1.5 days. Presently, 3.9% of the shares of the inventory are quick offered.
Quanterix Worth Efficiency
Shares of QTRX inventory traded up $0.01 throughout mid-day buying and selling on Friday, hitting $8.80. The inventory had a buying and selling quantity of 247,476 shares, in comparison with its common quantity of 730,979. Quanterix has a 12-month low of $6.31 and a 12-month excessive of $60.92. The agency has a market capitalization of $325.51 million, a P/E ratio of -4.11 and a beta of 1.36. The agency’s 50-day transferring common is $9.69 and its two-hundred day transferring common is $16.39.
Quanterix (NASDAQ:QTRX – Get Ranking) final issued its earnings outcomes on Monday, August eighth. The corporate reported ($0.67) earnings per share for the quarter, hitting the consensus estimate of ($0.67). The enterprise had income of $23.50 million in the course of the quarter, in comparison with analysts’ expectations of $29.54 million. Quanterix had a unfavourable return on fairness of 18.22% and a unfavourable internet margin of 70.92%. Analysts count on that Quanterix will publish -1.98 EPS for the present yr.
Insiders Place Their Bets
In different information, Director David R. Walt acquired 150,000 shares of Quanterix inventory in a transaction on Wednesday, August tenth. The shares had been acquired at a median worth of $8.62 per share, with a complete worth of $1,293,000.00. Following the acquisition, the director now immediately owns 1,431,312 shares within the firm, valued at roughly $12,337,909.44. The transaction was disclosed in a authorized submitting with the SEC, which is on the market by means of the SEC web site. In associated information, CFO Michael A. Doyle purchased 15,000 shares of the enterprise’s inventory in a transaction dated Monday, August fifteenth. The shares had been bought at a median worth of $10.16 per share, with a complete worth of $152,400.00. Following the transaction, the chief monetary officer now owns 48,614 shares within the firm, valued at roughly $493,918.24. The acquisition was disclosed in a doc filed with the SEC, which might be accessed by means of the SEC web site. Additionally, Director David R. Walt purchased 150,000 shares of the enterprise’s inventory in a transaction dated Wednesday, August tenth. The shares had been purchased at a median price of $8.62 per share, for a complete transaction of $1,293,000.00. Following the transaction, the director now owns 1,431,312 shares within the firm, valued at roughly $12,337,909.44. The disclosure for this buy might be discovered right here. Within the final quarter, insiders have purchased 285,000 shares of firm inventory valued at $2,697,000 and have offered 884 shares valued at $13,799. Company insiders personal 8.20% of the corporate’s inventory.
Institutional Traders Weigh In On Quanterix
Hedge funds have lately made modifications to their positions within the inventory. Frontier Capital Administration Co. LLC lifted its stake in shares of Quanterix by 15.0% in the course of the 1st quarter. Frontier Capital Administration Co. LLC now owns 1,425,471 shares of the corporate’s inventory price $41,609,000 after buying a further 185,673 shares over the last quarter. Monarch Companions Asset Administration LLC lifted its stake in shares of Quanterix by 153.4% in the course of the 1st quarter. Monarch Companions Asset Administration LLC now owns 120,197 shares of the corporate’s inventory price $3,509,000 after buying a further 72,767 shares over the last quarter. Tikvah Administration LLC lifted its stake in shares of Quanterix by 26.2% in the course of the 1st quarter. Tikvah Administration LLC now owns 436,119 shares of the corporate’s inventory price $12,730,000 after buying a further 90,600 shares over the last quarter. Swiss Nationwide Financial institution lifted its stake in shares of Quanterix by 8.1% in the course of the 1st quarter. Swiss Nationwide Financial institution now owns 69,400 shares of the corporate’s inventory price $2,026,000 after buying a further 5,200 shares over the last quarter. Lastly, New York State Widespread Retirement Fund lifted its stake in shares of Quanterix by 37.1% in the course of the 1st quarter. New York State Widespread Retirement Fund now owns 56,970 shares of the corporate’s inventory price $1,663,000 after buying a further 15,409 shares over the last quarter. 91.85% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Wall Road Analyst Weigh In
Quite a few analysis corporations lately issued stories on QTRX. Canaccord Genuity Group minimize Quanterix from a “purchase” ranking to a “maintain” ranking in a report on Tuesday, August sixteenth. The Goldman Sachs Group dropped their worth goal on Quanterix from $25.00 to $15.00 and set a “impartial” ranking for the corporate in a report on Wednesday, August tenth. Canaccord Genuity Group minimize Quanterix from a “purchase” ranking to a “maintain” ranking and dropped their worth goal for the corporate from $40.00 to $12.00 in a report on Monday, August fifteenth. Cowen minimize Quanterix from an “outperform” ranking to a “market carry out” ranking and dropped their worth goal for the corporate from $38.00 to $18.00 in a report on Tuesday, August ninth. Lastly, Cowen minimize Quanterix from an “outperform” ranking to a “market carry out” ranking in a report on Tuesday, August ninth. Six funding analysts have rated the inventory with a maintain ranking and one has issued a purchase ranking to the inventory. In keeping with information from MarketBeat.com, Quanterix presently has a median ranking of “Maintain” and a consensus worth goal of $26.33.
Quanterix Firm Profile
(Get Ranking)
Quanterix Corp. engages within the growth of ultra-sensitive digital immunoassay platform that advances precision well being for all times sciences analysis and diagnostics. Its services and products embody Simoa Assay Kits, HD-X analyzer, SR-X Biomarker Detection System, SP-X Imaging and Evaluation System, 2470 Arrayer, Simoa Accelerator Laboratory, Uman NF-Mild, and Homebrew -Customized Assay Improvement.
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