Cantor Fitzgerald Brokers Cut Earnings Estimates for QUBT – MarketBeat

Quantum Computing Inc. (NASDAQ:QUBTFree Report) – Analysts at Cantor Fitzgerald decreased their FY2025 earnings estimates for shares of Quantum Computing in a report issued on Monday, August 18th. Cantor Fitzgerald analyst T. Jensen now expects that the company will post earnings per share of ($0.26) for the year, down from their previous estimate of ($0.07). Cantor Fitzgerald currently has a “Neutral” rating and a $15.00 target price on the stock. Cantor Fitzgerald also issued estimates for Quantum Computing’s FY2026 earnings at ($0.33) EPS.
Quantum Computing (NASDAQ:QUBTGet Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $0.10 million.
A number of other analysts have also issued reports on the stock. Wall Street Zen lowered shares of Quantum Computing from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 16th. Ascendiant Capital Markets raised their price objective on shares of Quantum Computing from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Quantum Computing has a consensus rating of “Moderate Buy” and an average price target of $18.50.
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QUBT stock traded up $1.14 during mid-day trading on Wednesday, reaching $15.83. 18,086,519 shares of the stock traded hands, compared to its average volume of 14,879,645. Quantum Computing has a 52-week low of $0.58 and a 52-week high of $27.15. The company has a market cap of $2.53 billion, a P/E ratio of -23.28 and a beta of 4.09. The stock’s fifty day moving average is $17.42 and its 200-day moving average is $11.65.
A number of hedge funds and other institutional investors have recently made changes to their positions in QUBT. Rhumbline Advisers bought a new position in shares of Quantum Computing in the first quarter valued at about $28,000. Nisa Investment Advisors LLC acquired a new stake in Quantum Computing in the second quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Quantum Computing in the second quarter worth about $29,000. Tower Research Capital LLC TRC acquired a new stake in Quantum Computing in the fourth quarter worth about $30,000. Finally, Hollencrest Capital Management increased its position in Quantum Computing by 60.0% in the first quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $32,000 after purchasing an additional 1,500 shares during the period. 4.26% of the stock is owned by institutional investors.
In related news, CFO Christopher Boehmler sold 96,679 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $15.96, for a total value of $1,542,996.84. Following the completion of the transaction, the chief financial officer directly owned 131,060 shares of the company’s stock, valued at $2,091,717.60. This trade represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael C. Turmelle sold 200,986 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $14.18, for a total value of $2,849,981.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 519,871 shares of company stock valued at $8,369,064. 19.30% of the stock is owned by company insiders.
Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.

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