Quantinno Capital Management LP Grows Stake in IonQ, Inc. $IONQ

Quantinno Capital Management LP lifted its position in IonQ, Inc. (NYSE:IONQ) by 104.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,884 shares of the company’s stock after buying an additional 27,974 shares during the period. Quantinno Capital Management LP’s holdings in IonQ were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in IonQ by 12.5% in the first quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock valued at $2,962,000 after acquiring an additional 14,898 shares during the period. Amundi purchased a new position in IonQ in the first quarter worth about $630,000. AQR Capital Management LLC grew its stake in shares of IonQ by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock valued at $1,265,000 after purchasing an additional 29,513 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of IonQ by 24.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company’s stock valued at $9,932,000 after purchasing an additional 87,428 shares during the period. Finally, Focus Partners Wealth increased its position in shares of IonQ by 30.3% during the 1st quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock valued at $1,032,000 after purchasing an additional 10,881 shares during the last quarter. Institutional investors own 41.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of IonQ in a research note on Friday, August 7th. Jefferies Financial Group set a $75.00 price target on shares of IonQ in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted 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. Northland Securities raised their target price on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Finally, Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of IonQ in a research report on Thursday, August 6th. Nine investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.92.

IonQ Trading Up 4.2%

IonQ stock opened at $45.25 on Thursday. The firm has a 50 day moving average of $46.42 and a 200 day moving average of $43.15. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of -9.71 and a beta of 3.28. IonQ, Inc. has a 12-month low of $25.89 and a 12-month high of $84.64.

IonQ (NYSE:IONQ) last issued its quarterly 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 21.75%. The company’s revenue for the quarter was up 286.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.70) earnings per share. On average, analysts predict that IonQ, Inc. will post -2.26 EPS for the current year.

Key Headlines Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Major revenue beat and raised guidance: IonQ reported approximately $80.1 million in second-quarter revenue, up 287% year over year and well above analyst expectations. Management raised 2026 revenue guidance to $280 million-$290 million from $260 million-$270 million. IonQ Stock Trades Up, Here Is Why
• Positive Sentiment: Backlog supports future growth: Coverage highlighted IonQ’s backlog of roughly $485 million and expectations for continued organic growth, reinforcing the view that demand is expanding beyond speculative interest in quantum computing. Prediction: A $1,000 Investment in IonQ Could Be Worth This Much by 2028
• Positive Sentiment: Government and strategic support: IonQ announced a $28 million extension to a DARPA contract, while reports said the Pentagon views the company as one of quantum computing’s first potentially practical winners. Its acquisition of SkyWater Foundry was also presented as strengthening manufacturing and technology capabilities. Pentagon may see one of quantum computing’s first practical winners
• Positive Sentiment: Competitive position: Analysts comparing IonQ with Rigetti and D-Wave cited IonQ’s stronger commercial traction, revenue growth and platform integration, supporting a favorable view of IONQ relative to some peers. IonQ Vs. Rigetti: The Pecking Order Widened, The Price Hasn’t Caught Up
• Neutral Sentiment: Industry momentum: Broader adoption through cloud deployments involving Google and Microsoft, along with forecasts for significant quantum-computing market growth, provides a favorable sector backdrop but does not guarantee near-term IonQ revenue or profitability. IonQ Posts 287% Revenue Surge and Acquires SkyWater Foundry
• Negative Sentiment: Profitability and valuation remain risks: IonQ continues to report substantial losses, and its high-growth expectations and quantum-computing hype leave the stock vulnerable if commercial adoption, acquisition integration or technology development falls short. Where Will IonQ Stock Be in 5 Years?

Insider Activity

In related news, Director Kathryn K. Chou sold 2,757 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares of the company’s stock, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction on 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 sale, the director owned 11,154 shares of the company’s stock, valued at $613,581.54. The trade was a 19.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,329 shares of company stock worth $513,216 in the last three months. Company insiders own 0.55% of the company’s stock.

IonQ 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.