Analyzing Waters (WAT) and Quanterix (QTRX)

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Waters (NASDAQ: QTRX) and Quanterix (NASDAQ:QTRX) are both computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, valuation, profitability and institutional ownership.

Profitability

This table compares Waters and Quanterix’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Waters 2.12% 27.85% 13.03%
Quanterix N/A N/A N/A

Analyst Ratings

This is a summary of recent ratings and target prices for Waters and Quanterix, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waters 2 10 4 0 2.13
Quanterix 0 0 4 0 3.00

Waters currently has a consensus target price of $205.50, indicating a potential upside of 8.56%. Quanterix has a consensus target price of $26.50, indicating a potential upside of 78.81%. Given Quanterix’s stronger consensus rating and higher possible upside, analysts plainly believe Quanterix is more favorable than Waters.

Valuation and Earnings

This table compares Waters and Quanterix’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Waters $2.31 billion 6.32 $20.31 million $7.49 25.27
Quanterix $22.87 million 14.32 -$27.01 million ($8.30) -1.79

Waters has higher revenue and earnings than Quanterix. Quanterix is trading at a lower price-to-earnings ratio than Waters, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

99.3% of Waters shares are owned by institutional investors. Comparatively, 49.1% of Quanterix shares are owned by institutional investors. 1.0% of Waters shares are owned by company insiders. Comparatively, 31.6% of Quanterix shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Summary

Waters beats Quanterix on 8 of the 12 factors compared between the two stocks.

Waters Company Profile

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. The company also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. In addition, the company offers thermal analysis, rheometry, and calorimetry instruments, which are used in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for use in various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life sciences, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.

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 the Asia Pacific. It develops Simoa HD-1 Analyzer, a sensitive protein detection platform, which analyzes approximately six biomarkers per test; and Quanterix SR-X, which utilizes the same technology and assay kit as the Simoa HD-1 Analyzer. The company's products include kits, such as beads, capture and detector reagents, enzyme reagents, and enzyme substrates to run tests; and consumables, such as proprietary Simoa disks, cuvettes, and disposable tips. In addition, it offers contract research services, including sample testing, homebrew assay development, and custom development services. The company primarily operates in the areas of neurology, oncology, cardiology, infectious diseases, and inflammation. It sell its products for the life science research sector primarily to laboratories associated with academic and governmental research institutions, as well as pharmaceutical, biotechnology, and contract research companies through a direct sales force, support organizations, and distributors or sales agents. Quanterix Corporation has a collaboration agreement with DestiNA Genomics to focus on the development of a nucleic acid assay for direct detection and quantification of the liver toxicity biomarker microRNA-122. The company was formerly known as Digital Genomics, Inc. and changed its name to Quanterix Corporation in August 2007. Quanterix Corporation was incorporated in 2007 and is headquartered in Lexington, Massachusetts.

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