16,839 IonQ, Inc. $IONQ Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in shares of IonQ, Inc. (NYSE:IONQ) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,889 shares of the company’s stock after purchasing an additional 16,839 shares during the period. Kestra Advisory Services LLC’s holdings in IonQ were worth $8,811,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Archer Investment Corp acquired a new position in IonQ during the second quarter worth about $25,000. EFG International AG acquired a new stake in shares of IonQ during the 2nd quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of IonQ during the 2nd quarter valued at $42,000. Blueline Advisors LLC bought a new stake in IonQ during the 3rd quarter worth $41,000. Finally, EverSource Wealth Advisors LLC raised its position in IonQ by 216.5% in the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after purchasing an additional 656 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IONQ shares. Zacks Research lowered shares of IonQ from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. Needham & Company LLC decreased their price objective on shares of IonQ from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Mizuho dropped their target price on shares of IonQ from $61.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, September 9th. Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Bank of America reiterated a “buy” rating and issued a $50.00 target price on shares of IonQ in a report on Friday. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, IonQ currently has an average rating of “Moderate Buy” and a consensus target price of $60.23.

IonQ Price Performance

Shares of NYSE IONQ opened at $35.08 on Wednesday. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 129.93 and a beta of 3.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.66 and a current ratio of 4.24. IonQ, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $73.65. The firm’s 50-day simple moving average is $36.75 and its 200 day simple moving average is $41.44.

IonQ (NYSE:IONQ) last announced its earnings results on Thursday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.06. The company had revenue of $173.83 million for the quarter, compared to analysts’ expectations of $141.49 million. IonQ had a return on equity of 0.18% and a net margin of 67.09%. IonQ’s quarterly revenue was up 336.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.58) earnings per share. As a group, research analysts anticipate that IonQ, Inc. will post -2.96 earnings per share for the current fiscal year.

Insider Activity at IonQ

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

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Gartner named IonQ a “Market Shaper” in its inaugural quantum-computing quadrant for established vendors, recognizing its ability to deliver and support systems in commercial settings. The designation may bolster the company’s credibility as it pursues broader adoption. IonQ Gartner announcement
• Positive Sentiment: Recent third-quarter results beat analyst estimates: revenue reached $173.8 million, up 336% year over year, and IonQ raised its full-year revenue outlook. The report also cited demand and commercial activity as growth drivers. IonQ Q3 earnings call highlights
• Positive Sentiment: A new distribution partnership with Carahsoft will make IonQ’s quantum offerings available through procurement channels used by U.S. federal agencies, potentially widening access to public-sector customers. IonQ and Carahsoft partnership
• Neutral Sentiment: One report linked IonQ’s decline to weakness in space-related stocks after Rocket Lab and AST SpaceMobile reported results. That points to broader trading sentiment rather than a new negative development at IonQ. IonQ shares fall with space stocks
• Negative Sentiment: Cantor Fitzgerald lowered its price target to $60 from $70 following the earnings report. Although the revised target still implied substantial upside in the article, the cut may temper enthusiasm after IonQ’s recent rally. Cantor Fitzgerald price target update

IonQ Profile

IonQ, Inc. develops quantum computers and related technologies using trapped-ion qubits, which store information in individual charged atoms. The company designs quantum computing hardware and software for applications that may benefit from quantum processing, including optimization, chemistry, and machine learning. IonQ makes its quantum systems available to businesses, government agencies, and researchers through its cloud service and third-party platforms, including Amazon Braket and Microsoft Azure Quantum.