Monetta Financial Services Inc. Takes $1.01 Million Position in IonQ, Inc. $IONQ

Key Points

• Monetta Financial Services initiated a $1.01 million position in IonQ during the second quarter by purchasing 19,000 shares. Hedge funds and other institutional investors collectively own 41.42% of the company.
• IonQ’s second-quarter revenue rose 286.7% year over year to $80.05 million, beating estimates, while its loss per share was narrower than expected. The company remains unprofitable, with a negative net margin of 553.27%.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and a $69.92 average price target, but IonQ’s high valuation, insider selling, and sensitivity to interest rates continue to present risks.

Monetta Financial Services Inc. bought a new position in IonQ, Inc. (NYSE:IONQ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,000 shares of the company's stock, valued at approximately $1,012,000.

A number of other hedge funds also recently made changes to their positions in the company. Archer Investment Corp bought a new position in IonQ during the second quarter valued at approximately $25,000. Accent Capital Management LLC increased its stake in IonQ by 171.8% in the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company's stock worth $26,000 after acquiring an additional 371 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company's stock worth $28,000 after acquiring an additional 656 shares during the last quarter. PeakShares LLC purchased a new stake in shares of IonQ during the 1st quarter worth approximately $29,000. Finally, EFG International AG purchased a new stake in shares of IonQ during the 2nd quarter worth approximately $30,000. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ’s second-quarter results exceeded expectations, with revenue of $80.05 million—up 286.7% year over year—and a smaller-than-expected loss. The company also raised its full-year 2026 revenue guidance, reinforcing the growth narrative. IonQ Gains Attention After Q2 Results and New Deals
• Positive Sentiment: IonQ’s Space Division won a radar-imaging contract from the National Reconnaissance Office. The award highlights potential growth beyond quantum-computing hardware, particularly following the Capella Space and SkyWater acquisitions. IonQ’s Space Contract Points to a New Frontier for Quantum Investors
• Positive Sentiment: New collaborations are expanding access to IonQ’s systems and supporting research and communications initiatives in North America. A partnership with CMC Microsystems will make IonQ’s trapped-ion systems available through Canada’s FABrIC Quantum Computing Sandbox, potentially broadening adoption among researchers. IonQ and CMC Microsystems Announce Collaboration
• Neutral Sentiment: Investors are increasingly differentiating among quantum-computing companies based on revenue growth and financial strength. IonQ’s results compare favorably with some peers, but the sector remains pre-profit and highly speculative, making diversified quantum ETFs an alternative for risk-conscious investors. Quantum Stocks Are Starting to Choose Sides
• Negative Sentiment: IonQ remains richly valued despite negative earnings and substantial operating losses. The valuation debate is limiting enthusiasm even after the strong quarter and new deals.
• Negative Sentiment: Higher long-term Treasury yields and weaker artificial-intelligence sentiment have prompted a rotation away from speculative technology stocks, pressuring IonQ and other quantum names. Quantum Stocks Fall as Rates Force Rotation

Insider Buying and Selling

In other IonQ news, Director Gabrielle B. Toledano sold 2,757 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the completion of the transaction, the director owned 11,154 shares in the company, valued at $613,581.54. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John W. Raymond sold 3,815 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider directly owned 80,148 shares in the company, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,329 shares of company stock valued at $513,216 in the last ninety days. 0.55% of the stock is owned by company insiders.

IonQ Stock Down 1.9%

NYSE IONQ opened at $43.27 on Thursday. The company has a fifty day moving average of $44.95 and a two-hundred day moving average of $43.15. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of -9.28 and a beta of 3.28. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64.

IonQ (NYSE:IONQ - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.23. The business had revenue of $80.05 million for the quarter, compared to the consensus estimate of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The business's revenue for the quarter was up 286.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.70) earnings per share. Equities research analysts anticipate that IonQ, Inc. will post -2.86 EPS for the current year.

Wall Street Analyst Weigh In

IONQ has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $65.00 target price on shares of IonQ in a report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $70.00 price target on shares of IonQ in a research note on Thursday, August 6th. Benchmark reaffirmed a "buy" rating and set a $60.00 price target on shares of IonQ in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of IonQ from $42.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of IonQ from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.92.

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. 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.

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