D-Wave Quantum (NYSE:QBTS) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of D-Wave Quantum (NYSE:QBTS) from a hold rating to a sell rating in a report published on Saturday.

Several other research analysts have also commented on the company. Cantor Fitzgerald lifted their price target on D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Jefferies Financial Group started coverage on shares of D-Wave Quantum in a research note on Tuesday. They set a “buy” rating and a $45.00 target price on the stock. Roth Capital set a $40.00 price target on shares of D-Wave Quantum in a research note on Thursday, November 6th. Evercore ISI began coverage on shares of D-Wave Quantum in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Wedbush initiated coverage on D-Wave Quantum in a research report on Wednesday. They issued an “outperform” rating and a $35.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.67.

D-Wave Quantum Stock Up 7.6%

QBTS stock opened at $26.78 on Friday. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $28.64 and a two-hundred day moving average of $22.32. D-Wave Quantum has a 12 month low of $3.74 and a 12 month high of $46.75. The company has a market cap of $9.38 billion, a price-to-earnings ratio of -19.84 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The business had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.03 million. The firm’s revenue for the quarter was up 105.6% compared to the same quarter last year. As a group, analysts forecast that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John M. Markovich sold 200,000 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $22.94, for a total value of $4,588,000.00. Following the completion of the transaction, the chief financial officer owned 1,482,874 shares in the company, valued at approximately $34,017,129.56. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.28, for a total transaction of $242,800.00. Following the sale, the director owned 37,778 shares in the company, valued at $917,249.84. This represents a 20.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,448,375 shares of company stock valued at $39,155,482. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

Several hedge funds have recently made changes to their positions in QBTS. Ancora Advisors LLC purchased a new stake in shares of D-Wave Quantum in the 3rd quarter valued at about $30,000. Financial Consulate Inc. acquired a new position in D-Wave Quantum during the third quarter worth approximately $31,000. Kelleher Financial Advisors purchased a new stake in D-Wave Quantum in the third quarter valued at approximately $40,000. Larson Financial Group LLC lifted its stake in D-Wave Quantum by 1,754.0% in the third quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock valued at $46,000 after buying an additional 1,754 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of D-Wave Quantum by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $46,000 after acquiring an additional 482 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Key Stores Impacting D-Wave Quantum

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

• Positive Sentiment: High-profile investor interest — reports say billionaire Ken Griffin bought D‑Wave, and a Fool piece highlights Wall Street bullishness that projects large upside (while noting valuation risk). This amplifies retail and institutional attention. Read More.
• Positive Sentiment: Jefferies initiated coverage with a Buy rating (coverage cited across outlets), supplying fresh institutional endorsement that supports upward momentum. Read More.
• Positive Sentiment: Wedbush initiated coverage with an Outperform and a $35 price target (~30% above current levels), giving the stock a clear analyst-driven upside narrative. Read More.
• Neutral Sentiment: Options and flow are mixed — some pick-up in activity but with no clear directional consensus, suggesting short-term volatility rather than a sustained trend. Read More.
• Neutral Sentiment: Sector commentary questions whether quantum names are due for a rebound; this frames D‑Wave within a broader thematic trade rather than company-specific fundamentals. Read More.
• Negative Sentiment: Insider selling was reported and immediately pressured the stock in intraday trade, a clear near-term negative catalyst that can sap investor confidence. Read More.
• Negative Sentiment: Valuation concerns after D‑Wave’s large 2025 gain (reported ~274% YTD) are being raised in market commentary — analysts and commentary pieces are warning the rally may not be fully justified, increasing the chance of corrections. Read More.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.