D-Wave Quantum (NYSE:QBTS) Price Target Cut to $40.00 by Analysts at Mizuho

D-Wave Quantum (NYSE:QBTS) had its price objective decreased by Mizuho from $46.00 to $40.00 in a report published on Friday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

QBTS has been the topic of a number of other reports. Evercore assumed coverage on shares of D-Wave Quantum in a report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price objective on the stock. Williams Trading set a $35.00 price target on shares of D-Wave Quantum in a report on Monday, November 10th. Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a research report on Thursday, January 29th. TD Cowen assumed coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a research note on Wednesday, January 28th. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.50.

D-Wave Quantum Stock Down 7.0%

QBTS traded down $1.41 during midday trading on Friday, reaching $18.73. 27,427,192 shares of the company were exchanged, compared to its average volume of 25,870,218. The company has a market cap of $6.93 billion, a price-to-earnings ratio of -17.03 and a beta of 1.56. D-Wave Quantum has a one year low of $4.45 and a one year high of $46.75. The company’s fifty day moving average price is $24.24 and its 200 day moving average price is $24.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 67.75%. The company had revenue of $2.75 million for the quarter, compared to analysts’ expectations of $3.74 million. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, analysts expect that D-Wave Quantum will post -0.41 EPS for the current year.

Insider Activity at D-Wave Quantum

In related news, Director Kirstjen Nielsen sold 7,000 shares of D-Wave Quantum stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $22.62, for a total value of $158,340.00. Following the completion of the sale, the director owned 112,673 shares of the company’s stock, valued at approximately $2,548,663.26. This trade represents a 5.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Markovich sold 100,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the sale, the chief financial officer owned 1,471,312 shares in the company, valued at $44,183,499.36. This represents a 6.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,074,466 shares of company stock worth $31,558,806 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after buying an additional 11,218,255 shares in the last quarter. UBS Group AG boosted its holdings in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares during the period. Marex Group plc purchased a new position in shares of D-Wave Quantum in the second quarter valued at $80,070,000. Northwestern Mutual Wealth Management Co. grew its position in shares of D-Wave Quantum by 136,842.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock valued at $83,546,000 after purchasing an additional 3,192,533 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of D-Wave Quantum during the 2nd quarter valued at $45,372,000. Institutional investors own 42.47% of the company’s stock.

More D-Wave Quantum News

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Material bookings and enterprise traction — Management reported Q4 bookings of $13.4M (big sequential jump) and said January bookings topped $30M; the company also disclosed large Advantage2 system sales and institutional contracts that underpin future revenue upside. MarketBeat: Despite a Double Miss
• Positive Sentiment: Strong cash runway following the Quantum Circuits acquisition — D-Wave finished the period with roughly $885M in cash & marketable securities even after the acquisition and cash outlays, which reduces near-term financing risk while the company invests in R&D and go-to-market. MarketBeat: Cash Position
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want details on bookings composition, margin outlook and integration plans; the call provides color but no immediate catalytic guidance. Earnings Call Transcript
• Neutral Sentiment: Analysts remain largely constructive but are resetting targets — several firms kept buy/outperform ratings while trimming targets, leaving consensus upside but lowering near-term sentiment. Benzinga: Analyst Coverage
• Negative Sentiment: Double miss on the quarter — reported EPS missed estimates (wider loss than expected) and revenue of $2.75M came in below consensus, highlighting that current monetization remains small and lumpy. Zacks: Q4 Earnings Miss
• Negative Sentiment: Post-earnings price-target cuts and investor rotation pressured the rally — several firms trimmed targets (examples: Needham, Mizuho, Roth) and media noted an initial pop that faded as analysts lowered targets and investors weighed long-term promise versus weak near-term results. The Motley Fool: Reaction

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.