Diversify Advisory Services LLC bought a new position in IonQ, Inc. (NYSE:IONQ – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,841 shares of the company’s stock, valued at approximately $749,000.
Several other institutional investors and hedge funds have also made changes to their positions in IONQ. Accent Capital Management LLC increased its holdings in shares of IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in IonQ by 216.5% during the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock worth $28,000 after buying an additional 656 shares in the last quarter. PeakShares LLC acquired a new position in IonQ during the first quarter worth $29,000. Beaird Harris Wealth Management LLC boosted its stake in IonQ by 117.4% during the third 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. Finally, MWA Asset Management purchased a new stake in IonQ in the 1st quarter valued at $32,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting IonQ
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: IonQ’s second-quarter results exceeded expectations, with revenue of $80.05 million versus the $66.47 million analyst consensus, while revenue increased sharply year over year. The company also raised its full-year 2026 revenue guidance, supporting the growth outlook. IonQ Gains Attention After Q2 Results And New Deals As Valuation Debate Builds
- Positive Sentiment: New collaborations in the United States and Canada could expand access to IonQ’s quantum systems and advance applications in quantum research and communications. How IonQ Could Benefit From Its Latest Quantum Collaborations
- Positive Sentiment: IonQ’s Space division won a radar-imaging contract from the National Reconnaissance Office. The award highlights potential growth beyond core quantum-computing hardware, following the Capella Space and SkyWater acquisitions. IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Neutral Sentiment: Investors are increasingly differentiating among quantum companies based on revenue growth and financial strength, while also considering diversified quantum-focused ETFs as alternatives to individual stocks. Quantum Stocks Are Starting to Choose Sides
- Negative Sentiment: IonQ is being sold alongside Rigetti and D-Wave in a sector-wide quantum-stock selloff. Reports cite rising Treasury yields, cooling artificial-intelligence sentiment, and rotation away from speculative technology stocks. No fresh company-specific bad news was identified. What’s Behind the Quantum Stock Selloff?
- Negative Sentiment: Despite improving revenue, IonQ remains unprofitable and trades at a rich valuation, leaving the stock particularly sensitive to higher interest rates and shifts in risk appetite.
IonQ Stock Performance
IonQ (NYSE:IONQ – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The company had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter last year, the firm earned ($0.70) earnings per share. The firm’s quarterly revenue was up 286.7% compared to the same quarter last year. Analysts forecast that IonQ, Inc. will post -2.86 EPS for the current year.
Insider Buying and Selling
In related news, Director Kathryn K. Chou sold 2,757 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the sale, the director directly owned 62,608 shares of the company’s stock, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John W. Raymond sold 3,815 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $209,863.15. Following the completion of the sale, the insider owned 80,148 shares in the company, valued at approximately $4,408,941.48. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,329 shares of company stock valued at $513,216. 0.55% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on IONQ. Morgan Stanley set a $49.00 target price on IonQ in a research note on Thursday, August 6th. Northland Securities boosted their price target on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price objective on shares of IonQ in a report on Thursday, August 6th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of IonQ in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $70.00 price objective on shares of IonQ in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.92.
Get Our Latest Stock Analysis on IonQ
About IonQ
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.
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