IonQ (NYSE:IONQ) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of IonQ (NYSE:IONQ) from a strong sell rating to a sell rating in a research note released on Saturday.

Several other equities research analysts have also recently commented on IONQ. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of IonQ in a research report on Monday, May 4th. Morgan Stanley set a $48.50 price target on IonQ in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group set a $85.00 target price on shares of IonQ in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.88.

IonQ Stock Performance

NYSE:IONQ opened at $32.81 on Friday. The company has a market cap of $12.25 billion, a price-to-earnings ratio of -117.17 and a beta of 3.23. The stock’s fifty day moving average price is $52.54 and its two-hundred day moving average price is $44.15. IonQ has a 52-week low of $25.89 and a 52-week high of $84.64.

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

Insider Activity at IonQ

In other news, insider John W. Raymond sold 3,815 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 $209,863.15. Following the sale, the insider directly owned 80,148 shares in the company, valued at $4,408,941.48. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert T. Cardillo sold 3,773 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total value of $188,272.70. Following the transaction, the insider directly owned 139,967 shares of the company’s stock, valued at $6,984,353.30. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,102 shares of company stock valued at $701,489 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On IonQ

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of IonQ by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after purchasing an additional 5,420,037 shares in the last quarter. State Street Corp increased its stake in IonQ by 42.3% in the 4th quarter. State Street Corp now owns 8,962,789 shares of the company’s stock valued at $402,160,000 after buying an additional 2,663,230 shares during the last quarter. Geode Capital Management LLC lifted its position in IonQ by 21.9% during the 4th quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company’s stock worth $361,624,000 after buying an additional 1,452,463 shares in the last quarter. Norges Bank bought a new stake in IonQ during the 4th quarter worth about $199,753,000. Finally, Marex Group plc raised its holdings in IonQ by 419.1% during the fourth quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock worth $183,225,000 after acquiring an additional 3,296,866 shares in the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Several recent articles argue IonQ remains one of the most compelling quantum computing names, citing its technology leadership and potential as a pioneer in the space. Got $1,000? This Under-the-Radar Quantum Computing Pioneer Could Be a Brilliant Buy
• Positive Sentiment: Wall Street’s generally bullish stance on IonQ is supporting the stock, with coverage suggesting analysts still view it favorably despite debate over how reliable those ratings are. Is It Worth Investing in IonQ (IONQ) Based on Wall Street’s Bullish Views?
• Positive Sentiment: New research from IonQ and QuantumBasel on quantum AI workloads highlighted a potential energy-efficiency advantage over classical GPU approaches, which could strengthen the investment case if the technology proves commercially useful. IonQ (IONQ) Says Quantum AI Research Cuts Energy Use Beyond 34 Qubits
• Neutral Sentiment: Multiple comparisons with QBTS ahead of Q2 earnings keep IonQ in focus, but the discussion is mainly about relative positioning and commercial momentum rather than a clear catalyst by itself. IONQ or QBTS: Which Quantum Stock Should You Buy Ahead of Q2 Earnings?
• Neutral Sentiment: Broader market commentary continues to frame IonQ as part of a volatile quantum “bubble,” with extreme valuations and limited revenues keeping sentiment mixed and the stock vulnerable to swings. The Quantum Bubble Is Real Enough to Take Seriously (IONQ)
• Negative Sentiment: Some market commentary warns that quantum stocks like IonQ have fallen sharply from highs and remain expensive relative to fundamentals, which is weighing on investor sentiment despite ongoing enthusiasm. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (IONQ)

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.