PureCycle Technologies (NASDAQ:PCT) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of PureCycle Technologies (NASDAQ:PCT) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for PureCycle Technologies’ Q3 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($0.86) EPS, Q1 2026 earnings at ($0.13) EPS, Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.12) EPS, Q4 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.43) EPS, Q1 2027 earnings at ($0.11) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.09) EPS, FY2027 earnings at ($0.39) EPS, FY2028 earnings at ($0.21) EPS and FY2029 earnings at $0.15 EPS.

PCT has been the topic of a number of other research reports. Cowen reiterated a “buy” rating on shares of PureCycle Technologies in a research report on Friday, August 8th. Northland Securities began coverage on PureCycle Technologies in a research report on Wednesday, August 27th. They set an “outperform” rating and a $16.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of PureCycle Technologies in a research report on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $16.00 price target on shares of PureCycle Technologies in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded PureCycle Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PureCycle Technologies presently has an average rating of “Buy” and an average price target of $15.00.

PureCycle Technologies Stock Down 0.3%

Shares of PCT opened at $13.10 on Wednesday. PureCycle Technologies has a 52 week low of $5.40 and a 52 week high of $17.37. The company has a quick ratio of 2.07, a current ratio of 2.14 and a debt-to-equity ratio of 3.54. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -7.75 and a beta of 2.01. The stock’s 50-day moving average price is $13.56 and its 200-day moving average price is $11.84.

PureCycle Technologies (NASDAQ:PCT) last issued its earnings results on Thursday, August 7th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.12). The firm had revenue of $1.65 million during the quarter, compared to analysts’ expectations of $4.10 million. On average, sell-side analysts predict that PureCycle Technologies will post -1.01 EPS for the current year.

Hedge Funds Weigh In On PureCycle Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PCT. CWM LLC lifted its position in shares of PureCycle Technologies by 158.7% in the first quarter. CWM LLC now owns 4,960 shares of the company’s stock valued at $34,000 after acquiring an additional 3,043 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of PureCycle Technologies by 278.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,571 shares of the company’s stock valued at $35,000 after purchasing an additional 1,891 shares during the last quarter. KBC Group NV acquired a new stake in shares of PureCycle Technologies in the first quarter valued at approximately $41,000. Kathmere Capital Management LLC acquired a new stake in shares of PureCycle Technologies in the first quarter valued at approximately $69,000. Finally, LJI Wealth Management LLC acquired a new stake in shares of PureCycle Technologies in the first quarter valued at approximately $86,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.