DCVC Opportunity Fund II GP LLC Buys Shares of 9,521 IonQ, Inc. $IONQ

DCVC Opportunity Fund II GP LLC bought a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the 4th quarter, HoldingsChannel reports. The firm bought 9,521 shares of the company’s stock, valued at approximately $427,000. IonQ accounts for about 2.6% of DCVC Opportunity Fund II GP LLC’s portfolio, making the stock its 2nd biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lauer Wealth LLC boosted its stake in shares of IonQ by 5.3% in the 4th quarter. Lauer Wealth LLC now owns 5,107 shares of the company’s stock worth $229,000 after buying an additional 255 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of IonQ by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock worth $36,000 after buying an additional 279 shares during the last quarter. Letson Investment Management Inc. boosted its stake in shares of IonQ by 2.6% in the 4th quarter. Letson Investment Management Inc. now owns 12,619 shares of the company’s stock worth $566,000 after buying an additional 319 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its stake in shares of IonQ by 485.7% in the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after buying an additional 340 shares during the last quarter. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IONQ shares. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of IonQ in a research note on Thursday, June 11th. Jefferies Financial Group set a $85.00 price target on IonQ in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, DA Davidson dropped their price target on IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.63.

IonQ Stock Performance

NYSE IONQ opened at $56.19 on Wednesday. The company has a market capitalization of $20.98 billion, a PE ratio of -200.69 and a beta of 3.18. The business’s fifty day moving average is $51.38 and its 200 day moving average is $44.79. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The company had revenue of $64.67 million for the quarter, compared to analysts’ expectations of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. IonQ’s revenue for the quarter was up 754.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, sell-side analysts forecast that IonQ, Inc. will post -2.26 EPS for the current year.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Rosenblatt reaffirmed a Buy rating on IonQ with a $100 price target, reinforcing a bullish long-term view from analysts. Rosenblatt Reaffirms Buy on IonQ, Inc. (IONQ) with $100 Price Target
• Positive Sentiment: IonQ’s latest quarterly results showed record revenue of $64.7 million and very strong year-over-year growth, while management also raised full-year guidance and highlighted a large backlog of future contracted revenue. What IonQ’s revenue shock means for the entire sector
• Positive Sentiment: Sector enthusiasm remains high as investors continue to rotate into quantum-computing names, helped by optimism around commercialization, product catalysts, and long-term growth potential. D-Wave Leads Quantum Computing Stocks Higher as These Experts See More Gains Ahead
• Neutral Sentiment: IonQ is still drawing investor attention as a trending stock, keeping the name firmly on traders’ radar even as volatility remains elevated. Here is What to Know Beyond Why IonQ, Inc. (IONQ) is a Trending Stock
• Negative Sentiment: The quantum trade is reversing after Monday’s surge, with IonQ and other pure-play peers falling together as investors lock in gains and momentum fades. IonQ, Rigetti, D-Wave, and Quantum Computing Inc. All Fall 5% to 7% as the Quantum Rally Reverses

Insiders Place Their Bets

In related news, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the transaction, the insider directly owned 139,967 shares in the company, valued at approximately $6,984,353.30. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

IonQ Company Profile

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.