IonQ (NYSE:IONQ) Director Sells $151,662.57 in Stock

IonQ, Inc. (NYSE:IONQ) Director Gabrielle Toledano sold 2,757 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $151,662.57. Following the transaction, the director owned 11,154 shares of the company’s stock, valued at approximately $613,581.54. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IonQ Stock Down 5.9%

NYSE:IONQ opened at $50.42 on Friday. The business’s 50-day moving average price is $54.96 and its two-hundred day moving average price is $45.08. IonQ, Inc. has a twelve month low of $25.89 and a twelve month high of $84.64. The stock has a market cap of $18.82 billion, a P/E ratio of -180.08 and a beta of 3.18.

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

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Fresh coverage says Washington’s push into quantum computing is elevating IonQ as one of the sector’s key beneficiaries, with federal efforts and direct support for quantum developers reinforcing the company’s strategic importance. Article title
• Positive Sentiment: Analysts and commentators continue to highlight IonQ’s technology leadership and rapid revenue growth, keeping the long-term growth story intact despite near-term volatility. Article title
• Positive Sentiment: Coverage around IonQ versus Quantinuum underscores ongoing investor interest in quantum accuracy and commercialization leadership, which can support sentiment toward the stock. Article title
• Neutral Sentiment: Recent articles on “quantum computing stocks to keep an eye on” and broader sector rotation suggest continued attention to the group, but do not materially change IonQ’s fundamentals on their own. Article title
• Neutral Sentiment: A director sold a relatively small block of shares, which may add some short-term caution but is not large enough by itself to alter the investment thesis. Article title
• Negative Sentiment: IonQ was also hit by a report noting it suffered a larger drop than the broader market, reinforcing concerns that the stock remains highly volatile. Article title
• Negative Sentiment: Other commentary warns that investors are starting to separate quantum “winners” from “losers,” and some coverage points to stretched valuations and execution risk across the sector. Article title

Institutional Trading of IonQ

Several hedge funds have recently added to or reduced their stakes in IONQ. Ameriflex Group Inc. boosted its position in IonQ by 485.7% during the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after buying an additional 340 shares during the period. 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 worth $26,000 after buying an additional 371 shares during the period. Fortitude Family Office LLC lifted its stake in shares of IonQ by 3,800.0% in the 4th quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock valued at $28,000 after acquiring an additional 608 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in IonQ by 216.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after acquiring an additional 656 shares during the period. Finally, PeakShares LLC purchased a new stake in IonQ during the 1st quarter valued at about $29,000. 41.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IONQ shares. JPMorgan Chase & Co. boosted their price target on shares of IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group set a $85.00 price objective on shares of IonQ in a research report on Thursday, May 7th. Weiss Ratings raised shares of IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of IonQ in a research report on Thursday, June 11th. Finally, Northland Securities increased their target price on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.88.

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.