Virtus Advisers LLC Invests $726,000 in IonQ, Inc. $IONQ

Virtus Advisers LLC purchased a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,630 shares of the company’s stock, valued at approximately $726,000.

Several other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC increased its position in 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 purchasing an additional 371 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 656 shares during the period. PeakShares LLC bought a new position in shares of IonQ in the 1st quarter valued at about $29,000. 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 valued at $31,000 after purchasing an additional 270 shares during the last quarter. Finally, MWA Asset Management bought a new position in shares of IonQ in the 1st quarter valued at about $32,000. Institutional investors own 41.42% of the company’s stock.

IonQ Price Performance

Shares of IONQ stock opened at $41.57 on Friday. The stock has a market cap of $15.84 billion, a PE ratio of -8.92 and a beta of 3.28. The stock has a 50-day moving average of $44.62 and a 200-day moving average of $43.16. IonQ, Inc. has a one year low of $25.89 and a one year high of $84.64.

IonQ (NYSE:IONQ) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.23. The business had revenue of $80.05 million for the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. IonQ’s quarterly revenue was up 286.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.70) EPS. As a group, research analysts anticipate that IonQ, Inc. will post -2.86 earnings per share for the current year.

Insiders Place Their Bets

In other IonQ news, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the sale, the director directly owned 62,608 shares in the company, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John W. Raymond sold 3,815 shares of IonQ stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider owned 80,148 shares in the company, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,329 shares of company stock worth $513,216. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of IonQ in a research note on Thursday, August 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $70.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of IonQ in a report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.92.

Trending Headlines about 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 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.