Platinum Investment Management Ltd. Takes $3.76 Million Position in Quanterix Corp (NASDAQ:QTRX)

Platinum Investment Management Ltd. purchased a new stake in Quanterix Corp (NASDAQ:QTRX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 175,000 shares of the company’s stock, valued at approximately $3,757,000. Platinum Investment Management Ltd. owned approximately 0.80% of Quanterix as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in shares of Quanterix in the 4th quarter valued at about $6,353,000. Flagship Pioneering Inc. bought a new stake in shares of Quanterix in the 4th quarter valued at about $43,595,000. Perceptive Advisors LLC bought a new stake in shares of Quanterix in the 4th quarter valued at about $3,637,000. Landscape Capital Management L.L.C. bought a new stake in shares of Quanterix in the 4th quarter valued at about $720,000. Finally, Royce & Associates LP bought a new stake in shares of Quanterix in the 4th quarter valued at about $4,382,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Quanterix from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. JPMorgan Chase assumed coverage on shares of Quanterix in a report on Tuesday, January 2nd. They issued an “overweight” rating on the stock. Leerink Swann assumed coverage on shares of Quanterix in a report on Tuesday, January 2nd. They issued an “outperform” rating and a $27.00 price target on the stock. Cowen assumed coverage on shares of Quanterix in a report on Tuesday, January 2nd. They issued an “outperform” rating on the stock. Finally, BTIG Research started coverage on shares of Quanterix in a report on Tuesday, January 2nd. They issued a “buy” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.50.

QTRX stock opened at $16.11 on Friday. The company has a market capitalization of $352.98 and a P/E ratio of -1.94. The company has a quick ratio of 4.35, a current ratio of 4.53 and a debt-to-equity ratio of 0.07. Quanterix Corp has a 52 week low of $15.56 and a 52 week high of $24.81.

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Quanterix Company Profile

Quanterix Corporation, a life sciences company, develops and markets ultra-sensitive digital immunoassay platform that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and Asia Pacific. It develops Simoa HD-1 Analyzer, a sensitive protein detection platform, which analyzes approximately six biomarkers per test; and SR-X system that supports the detection capability of approximately six biomarkers per test.

Institutional Ownership by Quarter for Quanterix (NASDAQ:QTRX)

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