D-Wave Quantum (NYSE:QBTS) Price Target Lowered to $30.00 at Roth Mkm

D-Wave Quantum (NYSE:QBTS) had its target price reduced by Roth Mkm from $40.00 to $30.00 in a report published on Friday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other analysts have also recently commented on QBTS. Needham & Company LLC decreased their target price on D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Benchmark reaffirmed a “buy” rating and set a $35.00 target price on shares of D-Wave Quantum in a research note on Friday, January 23rd. Mizuho started coverage on shares of D-Wave Quantum in a research report on Thursday, December 11th. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.50.

D-Wave Quantum Trading Down 7.0%

QBTS stock traded down $1.41 during mid-day trading on Friday, reaching $18.73. 27,427,192 shares of the stock traded hands, compared to its average volume of 25,870,218. D-Wave Quantum has a 52-week low of $4.45 and a 52-week high of $46.75. The stock’s fifty day moving average is $24.24 and its 200-day moving average is $24.90. The company has a market cap of $6.93 billion, a P/E ratio of -17.03 and a beta of 1.56. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 67.75%. The firm had revenue of $2.75 million during the quarter, compared to analysts’ expectations of $3.74 million. The business’s revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts expect that D-Wave Quantum will post -0.41 earnings per share for the current year.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.36, for a total transaction of $218,880.00. Following the transaction, the director directly owned 27,803 shares of the company’s stock, valued at $760,690.08. This represents a 22.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.28, for a total value of $242,800.00. Following the completion of the sale, the director directly owned 37,778 shares of the company’s stock, valued at $917,249.84. This represents a 20.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,074,466 shares of company stock worth $31,558,806 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors have recently made changes to their positions in the business. Tempo Wealth LLC bought a new stake in D-Wave Quantum during the 4th quarter valued at approximately $774,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of D-Wave Quantum during the fourth quarter worth approximately $311,000. Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum during the fourth quarter worth approximately $31,000. Invesco Ltd. boosted its position in shares of D-Wave Quantum by 0.7% in the fourth quarter. Invesco Ltd. now owns 844,033 shares of the company’s stock valued at $22,071,000 after acquiring an additional 5,871 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of D-Wave Quantum by 26.3% in the fourth quarter. Corient Private Wealth LLC now owns 30,904 shares of the company’s stock worth $802,000 after acquiring an additional 6,426 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Material bookings and enterprise traction — Management reported Q4 bookings of $13.4M (big sequential jump) and said January bookings topped $30M; the company also disclosed large Advantage2 system sales and institutional contracts that underpin future revenue upside. MarketBeat: Despite a Double Miss
• Positive Sentiment: Strong cash runway following the Quantum Circuits acquisition — D-Wave finished the period with roughly $885M in cash & marketable securities even after the acquisition and cash outlays, which reduces near-term financing risk while the company invests in R&D and go-to-market. MarketBeat: Cash Position
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want details on bookings composition, margin outlook and integration plans; the call provides color but no immediate catalytic guidance. Earnings Call Transcript
• Neutral Sentiment: Analysts remain largely constructive but are resetting targets — several firms kept buy/outperform ratings while trimming targets, leaving consensus upside but lowering near-term sentiment. Benzinga: Analyst Coverage
• Negative Sentiment: Double miss on the quarter — reported EPS missed estimates (wider loss than expected) and revenue of $2.75M came in below consensus, highlighting that current monetization remains small and lumpy. Zacks: Q4 Earnings Miss
• Negative Sentiment: Post-earnings price-target cuts and investor rotation pressured the rally — several firms trimmed targets (examples: Needham, Mizuho, Roth) and media noted an initial pop that faded as analysts lowered targets and investors weighed long-term promise versus weak near-term results. The Motley Fool: Reaction

About D-Wave Quantum

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.