Analysts Set D-Wave Quantum Inc. (NASDAQ:QBTS) PT at $36.27

D-Wave Quantum Inc. (NASDAQ:QBTS) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $36.2667.

Several analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research note on Friday, August 7th. Roth Capital restated a “buy” rating and issued a $30.00 price target on shares of D-Wave Quantum in a research note on Thursday, August 6th. BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price objective for the company. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Finally, B. Riley Financial boosted their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, CFO John M. Markovich sold 200,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.71, for a total value of $5,142,000.00. Following the sale, the chief financial officer owned 1,142,820 shares in the company, valued at $29,381,902.20. The trade was a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Sophie C. Ames sold 3,070 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the transaction, the vice president directly owned 589,009 shares of the company’s stock, valued at $9,983,702.55. This trade represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 217,688 shares of company stock valued at $5,570,847. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new position in D-Wave Quantum during the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC increased its stake in D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after acquiring an additional 776 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after acquiring an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of D-Wave Quantum during the 4th quarter worth approximately $28,000. Finally, PeakShares LLC bought a new position in shares of D-Wave Quantum during the 1st quarter valued at approximately $29,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting D-Wave Quantum

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: D-Wave finalized a definitive agreement with the U.S. Department of Commerce for up to $100 million under the CHIPS and Science Act. The funding is expected to extend D-Wave’s cash runway, support domestic quantum-computing development, and provide a significant vote of confidence from Washington. D-Wave finalizes Department of Commerce agreement
• Positive Sentiment: The broader government initiative provides up to $300 million in minority equity investments across D-Wave, Rigetti, and Quantinuum. Federal participation could improve D-Wave’s financial position, raise the sector’s profile, and support future customer and commercial adoption. Uncle Sam’s Quantum Leap
• Neutral Sentiment: D-Wave issued approximately 7.1 million shares to the U.S. government as part of the funding arrangement. The capital is favorable for liquidity, but the new shares will dilute existing shareholders. D-Wave issues shares under CHIPS deal
• Neutral Sentiment: Director John DiLullo sold 1,100 shares for $19,800 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and represents a relatively small transaction, it provides limited information about management’s current outlook. D-Wave director share sale
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations involving D-Wave. The announcements create headline and litigation risk, although they do not establish wrongdoing. QBTS investigation alert
• Negative Sentiment: D-Wave remains unprofitable, and its latest quarterly revenue of $3.08 million missed expectations while adjusted loss per share was wider than forecast. Its very high valuation and dependence on future quantum-computing growth could continue to pressure the stock if commercial revenue does not accelerate.

D-Wave Quantum Trading Up 0.8%

Shares of D-Wave Quantum stock opened at $16.80 on Tuesday. D-Wave Quantum has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The company has a market capitalization of $6.21 billion, a P/E ratio of -23.66 and a beta of 2.15. The company has a fifty day moving average of $18.68 and a 200 day moving average of $19.98.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. D-Wave Quantum’s revenue was down 0.6 compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. On average, sell-side analysts anticipate that D-Wave Quantum will post -0.46 earnings per share for the current fiscal year.

D-Wave Quantum Company Profile

D-Wave Quantum Inc develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.