IonQ, Inc. $IONQ Shares Acquired by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC grew its position in shares of IonQ, Inc. (NYSE:IONQ) by 9.3% during the third quarter, HoldingsChannel.com reports. The firm owned 218,605 shares of the company’s stock after purchasing an additional 18,605 shares during the period. Zevenbergen Capital Investments LLC’s holdings in IonQ were worth $9,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IONQ. Archer Investment Corp acquired a new stake in IonQ during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after acquiring an additional 656 shares during the period. PeakShares LLC bought a new position in shares of IonQ during the first quarter valued at $29,000. EFG International AG bought a new position in shares of IonQ during the second quarter valued at $30,000. Finally, MWA Asset Management acquired a new position in shares of IonQ during the first quarter worth $32,000. 41.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at IonQ

In other news, insider John Raymond sold 2,407 shares of IonQ stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $37.21, for a total value of $89,564.47. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by corporate insiders.

IonQ Trading Down 4.7%

NYSE IONQ traded down $1.96 during trading hours on Thursday, hitting $39.38. 22,894,758 shares of the company’s stock were exchanged, compared to its average volume of 24,561,955. The stock has a 50-day simple moving average of $41.34 and a 200 day simple moving average of $44.71. IonQ, Inc. has a 1-year low of $25.89 and a 1-year high of $84.64. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of -8.45 and a beta of 3.36.

IonQ (NYSE:IONQ) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.23. The firm had revenue of $80.05 million for the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The company’s revenue was up 286.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.70) earnings per share. On average, sell-side analysts anticipate that IonQ, Inc. will post -2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IONQ shares. Needham & Company LLC reissued a “buy” rating and issued a $65.00 price objective on shares of IonQ in a research note on Wednesday, September 9th. Bank of America began coverage on IonQ in a research note on Monday, September 28th. They issued a “buy” rating and a $60.00 price target for the company. Wedbush restated an “outperform” rating and set a $75.00 price objective on shares of IonQ in a research report on Tuesday, September 22nd. Morgan Stanley set a $49.00 price objective on IonQ in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 target price on shares of IonQ in a report on Wednesday, September 9th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.83.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: DARPA milestone: IonQ advanced to Stage C, the final phase of the Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative. The agreement could be worth up to $300 million and provides important validation for IonQ’s fault-tolerant quantum-computing strategy, although funding beyond the initial obligation depends on future appropriations. IonQ Advances to Final Stage of DARPA’s Quantum Benchmarking Initiative
• Positive Sentiment: Commercial traction: Analysts are highlighting IonQ’s backlog of signed but undelivered orders as a key number to monitor. The backlog suggests customers are moving beyond experimentation and signing contracts for quantum-computing services and systems. The One Number IonQ Stock Investors Should Watch
• Positive Sentiment: IonQ is reporting rapid organic revenue growth, expanding its quantum-computing-as-a-service model, and progressing with new systems and space-related operations. A separate customer win involves delivery of a Superion 256-qubit system to Florida International University, supporting IonQ’s real-world deployment strategy. How IonQ Is Progressing in Quantum Computing and Space Operations
• Neutral Sentiment: Long-term bull cases argue that IonQ could deliver outsized returns if quantum computing achieves broad adoption by 2030. However, that potential depends on substantial future industry growth and successful execution. Here’s What $5,000 Invested in IonQ Stock Could Be Worth by 2030
• Negative Sentiment: Valuation remains a concern. IonQ is unprofitable, and the stock’s sharp decline over the past year despite commercial progress underscores investor skepticism about whether future growth justifies its premium valuation. Articles also warn that the company’s quantum-AI strategy carries significant execution and technology risk. IonQ Could Be 10% Below Fair Value After FIU Quantum Deal

About IonQ

IonQ, Inc is a quantum computing company that develops and commercializes quantum computers based on trapped-ion technology. Its systems are designed to perform specialized computations that may eventually support applications in areas such as optimization, materials science, drug discovery, financial modeling and artificial intelligence.

The company offers access to its quantum processors through cloud platforms, including Amazon Web Services’ Amazon Braket, Microsoft Azure Quantum and Google Cloud.