Wealthfront Advisers LLC Buys Shares of 30,913 IonQ, Inc. $IONQ

Key Points

• Wealthfront Advisers initiated a position of 30,913 IonQ shares worth approximately $1.65 million. Several other institutions also bought stakes, bringing institutional ownership to 41.42%.
• IonQ reported stronger-than-expected quarterly results, with $80.05 million in revenue versus the $66.47 million consensus estimate and 286.7% year-over-year growth, although the company remains unprofitable.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and a $69.92 average price target, but IonQ’s high valuation and sensitivity to interest rates remain key risks.

Wealthfront Advisers LLC purchased a new stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,913 shares of the company's stock, valued at approximately $1,646,000.

Several other hedge funds have also recently made changes to their positions in IONQ. Timothy G. Youngquist 2020 Irrevocable Trust bought a new position in IonQ during the second quarter valued at approximately $3,431,000. Buckland Partners Management Co LLC purchased a new stake in IonQ in the second quarter worth approximately $320,000. BlackRock Inc. bought a new stake in IonQ in the 2nd quarter worth approximately $1,112,945,000. Deutsche Bank AG purchased a new stake in IonQ during the 2nd quarter valued at $27,836,000. Finally, Perigon Wealth Management LLC purchased a new stake in IonQ during the 2nd quarter valued at $814,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

IonQ Price Performance

Shares of IonQ stock opened at $41.57 on Friday. The company's fifty day simple moving average is $44.62 and its 200-day simple moving average is $43.16. The stock has a market capitalization of $15.84 billion, a PE ratio of -8.92 and a beta of 3.28. IonQ, Inc. has a 1-year low of $25.89 and a 1-year high of $84.64.

IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $66.47 million. During the same period in the prior year, the business posted ($0.70) EPS. IonQ's revenue was up 286.7% on a year-over-year basis. As a group, research analysts anticipate that IonQ, Inc. will post -2.86 EPS for the current year.

Insider Buying and Selling at IonQ

In other IonQ news, Director Kathryn K. Chou sold 2,757 shares of the company's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the sale, the director owned 62,608 shares in the company, valued at $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gabrielle B. Toledano sold 2,757 shares of the firm'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 $151,662.57. Following the completion of the transaction, the director directly owned 11,154 shares in the company, valued at $613,581.54. This trade represents a 19.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,329 shares of company stock valued at $513,216. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

IONQ has been the topic of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $70.00 price target on shares of IonQ in a report on Thursday, August 6th. Wall Street Zen cut IonQ from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 8th. Northland Securities increased their target price on IonQ from $55.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, June 22nd. JPMorgan Chase & Co. raised their target price on IonQ from $42.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $49.00 price target on IonQ in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.92.

More IonQ News

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 versus the $66.47 million analyst consensus, while revenue increased sharply year over year. The company also raised its full-year 2026 revenue guidance, supporting the growth outlook. IonQ Gains Attention After Q2 Results And New Deals As Valuation Debate Builds
• Positive Sentiment: New collaborations in the United States and Canada could expand access to IonQ’s quantum systems and advance applications in quantum research and communications. How IonQ Could Benefit From Its Latest Quantum Collaborations
• Positive Sentiment: IonQ’s Space division won a radar-imaging contract from the National Reconnaissance Office. The award highlights potential growth beyond core quantum-computing hardware, following the Capella Space and SkyWater acquisitions. IonQ’s Space Contract Points to a New Frontier for Quantum Investors
• Neutral Sentiment: Investors are increasingly differentiating among quantum companies based on revenue growth and financial strength, while also considering diversified quantum-focused ETFs as alternatives to individual stocks. Quantum Stocks Are Starting to Choose Sides
• Negative Sentiment: IonQ is being sold alongside Rigetti and D-Wave in a sector-wide quantum-stock selloff. Reports cite rising Treasury yields, cooling artificial-intelligence sentiment, and rotation away from speculative technology stocks. No fresh company-specific bad news was identified. What’s Behind the Quantum Stock Selloff?
• Negative Sentiment: Despite improving revenue, IonQ remains unprofitable and trades at a rich valuation, leaving the stock particularly sensitive to higher interest rates and shifts in risk appetite.

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.

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