IonQ, Inc. (NYSE:IONQ) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in IonQ, Inc. (NYSE:IONQ - Free Report) by 120.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,033 shares of the company's stock after purchasing an additional 18,566 shares during the period. Cetera Investment Advisers' holdings in IonQ were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of IONQ. Pathway Financial Advisers LLC purchased a new position in IonQ during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings in IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company's stock valued at $27,000 after acquiring an additional 501 shares during the period. TD Waterhouse Canada Inc. purchased a new position in IonQ during the 4th quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new position in IonQ during the 4th quarter valued at about $34,000. Finally, Hemington Wealth Management purchased a new position in IonQ during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 41.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on IONQ. DA Davidson lowered their target price on IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a report on Monday, April 14th. Benchmark lowered their target price on IonQ from $45.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Needham & Company LLC reduced their price target on IonQ from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley increased their price target on IonQ from $29.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, IonQ currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.33.

IonQ Price Performance

IONQ stock opened at $33.54 on Thursday. The firm has a market capitalization of $7.47 billion, a P/E ratio of -41.41 and a beta of 2.46. The business's 50-day moving average is $26.94 and its two-hundred day moving average is $31.45. IonQ, Inc. has a 1 year low of $6.22 and a 1 year high of $54.74.

IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.14. The company had revenue of $7.57 million for the quarter, compared to analyst estimates of $7.51 million. IonQ had a negative return on equity of 36.82% and a negative net margin of 457.85%. IonQ's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) EPS. On average, analysts expect that IonQ, Inc. will post -0.86 EPS for the current year.

Insider Transactions at IonQ

In other news, CRO Rima Alameddine sold 1,407 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $21.20, for a total transaction of $29,828.40. Following the sale, the executive now owns 592,615 shares of the company's stock, valued at approximately $12,563,438. This trade represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas G. Kramer sold 11,712 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $18.57, for a total value of $217,491.84. Following the sale, the chief financial officer now directly owns 944,510 shares in the company, valued at $17,539,550.70. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,033,166 shares of company stock valued at $38,059,593. Corporate insiders own 11.60% of the company's stock.

About IonQ

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.

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