Encore Global Management LP Makes New $577,000 Investment in IonQ, Inc. $IONQ

Encore Global Management LP bought a new position in shares of IonQ, Inc. (NYSE:IONQ) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the company’s stock, valued at approximately $577,000.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC grew its holdings in shares of IonQ by 24.4% in the first quarter. Bogart Wealth LLC now owns 1,273 shares of the company’s stock worth $37,000 after purchasing an additional 250 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in IonQ by 117.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in IonQ by 50.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock valued at $36,000 after buying an additional 279 shares in the last quarter. ABN Amro Investment Solutions lifted its holdings in IonQ by 2.5% during the 1st quarter. ABN Amro Investment Solutions now owns 12,314 shares of the company’s stock valued at $355,000 after buying an additional 295 shares in the last quarter. Finally, Letson Investment Management Inc. boosted its position in IonQ by 2.6% in the 4th quarter. Letson Investment Management Inc. now owns 12,619 shares of the company’s stock valued at $566,000 after buying an additional 319 shares during the period. 41.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at IonQ

In other news, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the transaction, the director directly owned 62,608 shares in the company, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $151,662.57. Following the transaction, the director owned 11,154 shares in the company, valued at approximately $613,581.54. This represents a 19.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,102 shares of company stock worth $701,489 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ received final regulatory approval to complete its acquisition of SkyWater Technology. The deal is intended to accelerate IonQ’s quantum-computing roadmap and strengthen its access to U.S.-based semiconductor manufacturing capabilities, potentially improving supply-chain control and scalability. IonQ Receives Regulatory Approval to Complete Acquisition of SkyWater Technology
• Positive Sentiment: Benchmark’s renewed coverage of quantum stocks highlighted IonQ’s full-stack platform, spanning computing, networking, sensing and security, as well as its reported sales of a 256-qubit system in more than 30 countries. The broader investment case is also benefiting from expectations that the quantum industry could generate approximately $1.5 billion in revenue in 2026. Benchmark’s Quantum Re-Rating Might Change The Case For Investing In IonQ
• Positive Sentiment: D-Wave Quantum’s expanded commercial agreement with AT&T, which applies quantum optimization to telecommunications operations, sparked a sector-wide rally and reinforced the possibility of near-term enterprise applications for quantum technology. IonQ benefited from this sympathy interest, although the announcement was not an IonQ contract. D-Wave’s Expanded AT&T Deal
• Neutral Sentiment: The SkyWater transaction still must be integrated successfully, and investors may focus on execution, financing and the time required for manufacturing synergies to translate into revenue growth.
• Negative Sentiment: IonQ declined even as the wider market advanced, reflecting a pullback in quantum and AI-infrastructure names amid concerns about elevated expectations and the commercial timing of emerging technologies. IonQ Stock Slides as Market Rises
• Negative Sentiment: IonQ remains a high-volatility, loss-making growth stock. Its latest quarterly EPS missed analysts’ expectations despite strong revenue growth, while the share price remains below its 50-day moving average, signaling continued technical and valuation pressure.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IONQ. Morgan Stanley set a $48.50 target price on shares of IonQ in a research note on Thursday, May 7th. Benchmark assumed coverage on shares of IonQ in a research note on Monday. They set a “buy” rating and a $60.00 price target for the company. JPMorgan Chase & Co. boosted their price target on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of IonQ in a research note on Monday, May 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $100.00 price objective on shares of IonQ in a report on Thursday, June 11th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.46.

IonQ Price Performance

NYSE:IONQ opened at $33.84 on Wednesday. IonQ, Inc. has a 1-year low of $25.89 and a 1-year high of $84.64. The company has a 50-day moving average of $51.98 and a 200 day moving average of $43.90. The firm has a market cap of $12.63 billion, a PE ratio of -120.85 and a beta of 3.23.

IonQ (NYSE:IONQ) last issued its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The business had revenue of $64.67 million for the quarter, compared to the consensus estimate of $49.75 million. IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.The firm’s revenue was up 754.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share. Sell-side analysts anticipate that IonQ, Inc. will post -2.26 EPS for the current fiscal year.

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.