IonQ, Inc. $IONQ Stock Purchased by Inspire Investing LLC

Key Points

• Inspire Investing increased its IonQ position by 151.3% in the third quarter, holding 27,335 shares valued at approximately $1.2 million. Institutional investors collectively own 41.42% of the company.
• IonQ shares opened at $30.74, below their 50-day and 200-day moving averages, and have declined substantially from the 52-week high of $73.65.
• IonQ exceeded quarterly revenue and EPS expectations, reporting $80.05 million in revenue and an EPS loss of $0.33; analysts maintain a “Moderate Buy” consensus with an average price target of $63.33, despite some recent target reductions.

Inspire Investing LLC raised its position in IonQ, Inc. (NYSE:IONQ - Free Report) by 151.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,335 shares of the company's stock after acquiring an additional 16,456 shares during the quarter. Inspire Investing LLC's holdings in IonQ were worth $1,199,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of IonQ during the 2nd quarter worth $1,112,945,000. Bank of America Corp DE acquired a new position in shares of IonQ during the second quarter worth $344,757,000. Bank of New York Mellon Corp purchased a new position in IonQ in the second quarter valued at $113,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in IonQ by 45.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,632,290 shares of the company's stock valued at $86,936,000 after buying an additional 506,191 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in IonQ in the second quarter valued at $82,126,000. Hedge funds and other institutional investors own 41.42% of the company's stock.

IonQ Trading Down 1.7%

Shares of NYSE:IONQ opened at $30.74 on Tuesday. The firm has a fifty day moving average price of $39.49 and a 200 day moving average price of $42.55. 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 released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (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 firm had revenue of $80.05 million for the quarter, compared to analyst estimates of $66.47 million. During the same quarter last year, the company posted ($0.70) earnings per share. The business's revenue was up 286.7% on a year-over-year basis. On average, research analysts forecast that IonQ, Inc. will post -2.96 EPS for the current fiscal year.

Insider Buying and Selling at IonQ

In other news, insider John Raymond sold 2,407 shares of IonQ stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $37.21, for a total value of $89,564.47. Following the sale, the insider owned 77,741 shares of the company's stock, valued at $2,892,742.61. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded IonQ from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Morgan Stanley cut their price objective on shares of IonQ from $49.00 to $43.00 and set an "equal weight" rating on the stock in a report on Thursday, October 15th. B. Riley Financial reissued a "buy" rating on shares of IonQ in a report on Wednesday, September 9th. Needham & Company LLC restated a "buy" rating and set a $65.00 price objective on shares of IonQ in a research report on Wednesday, September 9th. Finally, Mizuho lowered their target price on shares of IonQ from $61.00 to $52.00 and set an "outperform" rating for the company in a report on Wednesday, September 9th. Ten 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $63.33.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ is frequently highlighted as a pure-play quantum-computing leader, with commentators citing its technology, system scale and potential to benefit if commercially viable quantum computers become more broadly adopted. 3 Genius Quantum Computing Stocks to Buy Now
• Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, indicating that analysts see potential upside in IonQ’s long-term growth story. However, the article cautions that optimistic consensus ratings may not reliably predict performance. Wall Street Analysts Think IonQ Is a Good Investment
• Neutral Sentiment: IonQ was included among beaten-down growth companies that some investors view as potential value opportunities after substantial declines, but the discussion is based on investment themes rather than a new company announcement or financial update. Beaten-Down Growth Stocks Trading Like Value Plays
• Negative Sentiment: IonQ shares have declined about 24% over the past month. The retreat followed the agreement to acquire Elisity for up to $1.3 billion in stock and the subsequent sale of approximately $2 billion in new shares, raising concerns about dilution, valuation and integration risk. IonQ Just Dropped 24% in a Month
• Negative Sentiment: The stock decreased even as the broader market gained, suggesting that company-specific concerns—particularly the equity financing and elevated growth-stock risk—are outweighing favorable quantum-computing narratives. Shares also remain below their 50-day and 200-day moving averages, reflecting weak momentum. IonQ Stock Sinks as Market Gains

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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