Millennium Management LLC Invests $11.01 Million in Quanterix Corp (QTRX) Stock

Millennium Management LLC purchased a new position in Quanterix Corp (NASDAQ:QTRX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 512,985 shares of the company’s stock, valued at approximately $11,014,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Landscape Capital Management L.L.C. bought a new position in Quanterix in the 4th quarter worth approximately $720,000. Goldman Sachs Group Inc. bought a new position in Quanterix in the 4th quarter worth approximately $873,000. Opaleye Management Inc. bought a new position in Quanterix in the 4th quarter worth approximately $1,395,000. Perceptive Advisors LLC bought a new position in Quanterix in the 4th quarter worth approximately $3,637,000. Finally, Monashee Investment Management LLC bought a new position in Quanterix in the 4th quarter worth approximately $3,811,000. 42.36% of the stock is currently owned by institutional investors.

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Several research analysts have commented on the company. JPMorgan Chase assumed coverage on Quanterix in a research report on Tuesday, January 2nd. They issued an “overweight” rating on the stock. Leerink Swann assumed coverage on Quanterix in a research report on Tuesday, January 2nd. They issued an “outperform” rating and a $27.00 price target on the stock. Cowen assumed coverage on Quanterix in a research report on Tuesday, January 2nd. They issued an “outperform” rating on the stock. BTIG Research assumed coverage on Quanterix in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $26.00 price target on the stock. Finally, ValuEngine raised Quanterix from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $26.50.

QTRX opened at $16.11 on Friday. The company has a market cap of $365.04 and a PE ratio of -1.94. The company has a current ratio of 4.53, a quick ratio of 4.35 and a debt-to-equity ratio of 0.07. Quanterix Corp has a 1 year low of $15.56 and a 1 year 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.

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Institutional Ownership by Quarter for Quanterix (NASDAQ:QTRX)

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