Lauer Wealth LLC Invests $247,000 in IonQ, Inc. (NYSE:IONQ)

Lauer Wealth LLC acquired a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,910 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in IonQ by 73.2% in the 4th quarter. GAMMA Investing LLC now owns 1,136 shares of the company’s stock worth $47,000 after buying an additional 480 shares during the last quarter. City State Bank purchased a new position in shares of IonQ during the 4th quarter worth about $36,000. Versant Capital Management Inc boosted its position in shares of IonQ by 1,348.5% in the fourth quarter. Versant Capital Management Inc now owns 956 shares of the company’s stock worth $40,000 after acquiring an additional 890 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in IonQ in the fourth quarter valued at approximately $42,000. Finally, Verity Asset Management Inc. increased its position in IonQ by 12.4% during the third quarter. Verity Asset Management Inc. now owns 33,898 shares of the company’s stock worth $296,000 after purchasing an additional 3,736 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ Price Performance

NYSE:IONQ opened at $41.65 on Friday. The business’s 50-day moving average is $35.13 and its two-hundred day moving average is $18.23. IonQ, Inc. has a 12 month low of $6.22 and a 12 month high of $54.74.

IonQ (NYSE:IONQ) last announced its earnings results on Wednesday, November 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company had revenue of $12.40 million for the quarter, compared to analysts’ expectations of $10.56 million. IonQ had a negative net margin of 457.85% and a negative return on equity of 36.82%. The business’s quarterly revenue was up 102.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.22) earnings per share. As a group, equities research analysts predict that IonQ, Inc. will post -0.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IONQ. Needham & Company LLC lifted their price target on shares of IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Benchmark lifted their target price on IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Craig Hallum upped their price target on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. DA Davidson started coverage on IonQ in a research note on Thursday, December 19th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Transactions at IonQ

In other IonQ news, CEO Peter Hume Chapman sold 13,106 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total transaction of $389,641.38. Following the completion of the sale, the chief executive officer now owns 414,363 shares in the company, valued at $12,319,011.99. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Rima Alameddine sold 21,337 shares of IonQ stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total value of $634,349.01. Following the sale, the executive now owns 571,321 shares in the company, valued at $16,985,373.33. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,098 shares of company stock valued at $1,909,323. 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.