Capstone Capital Management Ltd Purchases 22,540 Shares of IonQ, Inc. $IONQ

Key Points

• Capstone Capital Management acquired 22,540 IonQ shares worth approximately $989,000 during the third quarter, while institutional investors and hedge funds collectively own 41.42% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $63.33 price target, although Mizuho recently lowered its target to $52.
• IonQ reported strong revenue growth of 286.7% year over year and exceeded quarterly EPS and revenue expectations, but it remains unprofitable and faces dilution concerns from its planned acquisition and equity offering.

Capstone Capital Management Ltd acquired a new stake in IonQ, Inc. (NYSE:IONQ - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 22,540 shares of the company's stock, valued at approximately $989,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors acquired a new stake in IonQ in the third quarter valued at $763,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of IonQ by 96.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company's stock worth $3,620,000 after acquiring an additional 61,656 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of IonQ during the 2nd quarter worth about $981,000. Swedbank AB boosted its position in shares of IonQ by 147.7% during the 1st quarter. Swedbank AB now owns 149,503 shares of the company's stock worth $4,310,000 after acquiring an additional 89,148 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of IonQ in the 1st quarter valued at about $663,000. Institutional investors and hedge funds own 41.42% of the company's stock.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Defiance ETFs’ Sylvia Jablonski described IonQ as a buying opportunity, potentially supporting the stock’s recovery after its recent weakness. Defiance ETFs Sylvia Jablonski: IonQ is a buying opportunity
• Positive Sentiment: Wall Street analysts collectively rate IonQ “Moderate Buy,” providing a constructive backdrop for the shares. IonQ Stock Rated Moderate Buy by Wall Street Analysts
• Positive Sentiment: IonQ outperformed the broader market in the latest session, reflecting renewed investor interest in the company and the quantum-computing theme. IonQ Outperforms Broader Market
• Positive Sentiment: Industry commentary identifies quantum computing as a major technology trend heading into 2027, although eventual investor support will depend on revenue growth, earnings and returns on investment. AI, Semiconductors and Quantum Computing Outlook
• Neutral Sentiment: Coverage comparing IonQ with Rigetti and other quantum companies highlights strong long-term interest in the sector, but does not necessarily identify IonQ as the preferred investment through 2030. Quantum Computing Stock to Buy and Hold Through 2030
• Negative Sentiment: IonQ’s planned $1.3 billion Elisity acquisition and $2 billion equity offering raise concerns about significant shareholder dilution, despite expanding the company into cybersecurity and supporting its SkyWater chip initiative. IonQ’s Bold Expansion Could Leave Shareholders Paying the Price
• Negative Sentiment: Form 4 filings indicate sustained insider selling across quantum-computing companies, including IonQ, creating an additional cautionary signal for investors. Quantum Computing Insider Selling Warning

Analyst Ratings Changes

IONQ has been the topic of several research analyst reports. Mizuho cut their target price on IonQ from $61.00 to $52.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 9th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $80.00 price target on shares of IonQ in a report on Wednesday, September 9th. Wall Street Zen downgraded IonQ from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of IonQ from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Friday, August 21st. Finally, Wedbush reissued an "outperform" rating and set a $75.00 price objective on shares of IonQ in a report on Tuesday, October 13th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.33.

Insider Transactions at IonQ

In related news, insider John Raymond sold 2,407 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total transaction of $89,564.47. Following the transaction, the insider owned 77,741 shares in the company, valued at $2,892,742.61. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

IonQ Stock Up 1.4%

Shares of IONQ stock opened at $31.21 on Wednesday. The stock's 50-day moving average is $40.19 and its two-hundred day moving average is $44.93. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $73.65.

IonQ (NYSE:IONQ - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. The business had revenue of $80.05 million for the quarter, compared to analysts' expectations of $66.47 million. During the same quarter in the previous year, the firm earned ($0.70) earnings per share. The business's revenue was up 286.7% compared to the same quarter last year. Research analysts forecast that IonQ, Inc. will post -2.96 earnings per share for the current year.

IonQ Company Profile

IonQ, Inc NYSE: IONQ is a quantum computing company that develops full-stack quantum computing systems and related software. Its technology is based on trapped-ion quantum computing, which uses electrically charged atoms as qubits and is designed to support highly accurate quantum operations.

The company provides access to its quantum computers through cloud platforms and direct enterprise and research engagements. Its offerings include quantum computing hardware, cloud-based access, software tools, and professional services intended to help organizations explore applications in areas such as optimization, chemistry, materials science, artificial intelligence, and cybersecurity.

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