IonQ (NYSE:IONQ) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of IonQ (NYSE:IONQ) from a sell rating to a strong sell rating in a research note issued to investors on Monday.

Several other research analysts have also issued reports on IONQ. DA Davidson decreased their price target on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of IonQ in a research note on Thursday, February 26th. Benchmark decreased their price target on shares of IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a research note on Thursday. Finally, Needham & Company LLC decreased their price target on shares of IonQ from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.63.

IonQ Stock Up 15.7%

IONQ opened at $56.99 on Monday. The stock has a market cap of $20.89 billion, a PE ratio of -203.52 and a beta of 3.05. The business has a 50 day moving average of $37.06 and a 200-day moving average of $43.48. IonQ has a 52 week low of $25.89 and a 52 week high of $84.64.

Insider Buying and Selling

In other IonQ news, insider John W. Raymond sold 2,800 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $33.34, for a total transaction of $93,352.00. Following the completion of the sale, the insider directly owned 83,963 shares in the company, valued at approximately $2,799,326.42. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Teuber, Jr. acquired 3,000 shares of IonQ stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $38.38 per share, with a total value of $115,140.00. Following the completion of the purchase, the director owned 9,413 shares in the company, valued at $361,270.94. This represents a 46.78% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 12,354 shares of company stock worth $504,428 in the last three months. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of IonQ

Institutional investors and hedge funds have recently bought and sold shares of the company. Stone House Investment Management LLC increased its stake in IonQ by 700.0% during the 3rd quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 350 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after acquiring an additional 340 shares during the period. Accent Capital Management LLC grew its stake in shares of IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 371 shares during the period. Fortitude Family Office LLC grew its stake in shares of IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after acquiring an additional 608 shares during the period. Finally, PeakShares LLC bought a new stake in shares of IonQ in the first quarter worth approximately $29,000. 41.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: SkyWater Technology shareholders approved IonQ’s merger deal, keeping the company’s semiconductor-manufacturing expansion story on track and helping reinforce its long-term growth narrative. IonQ SkyWater Merger Approval Puts Quantum Manufacturing Story In Focus
• Positive Sentiment: IonQ has been getting attention after a strong quarterly report, with Morgan Stanley reportedly raising its price target following what was described as a record quarter, which can boost investor confidence in the stock. Morgan Stanley lifts IonQ target after record quarter
• Positive Sentiment: Recent commentary highlighted record revenue and a strong remaining performance obligation (RPO) backlog, suggesting commercial demand may accelerate even though the company is still reporting losses. IonQ stock is selling off, but a strong RPO figure says commercial revenue acceleration is ahead
• Positive Sentiment: IonQ is also benefiting from broader momentum in quantum-computing names, with reports that the sector is drawing fresh buying interest ahead of upcoming earnings from peers. IonQ stock jumps as SkyWater deal clears shareholder vote
• Neutral Sentiment: IonQ continues to attract heavy investor and media attention, which can amplify trading volume and volatility but does not by itself change the company’s fundamentals. Investors Heavily Search IonQ, Inc. (IONQ): Here is What You Need to Know
• Neutral Sentiment: Industry coverage around quantum earnings this week keeps IonQ in focus, but it mainly reflects sector-wide speculation rather than a direct operational update. These Quantum Companies Post Earnings This Week. Expect More Innovation and Less Profit.
• Negative Sentiment: One report noted insider selling, which can be a mild caution signal for investors even if it does not necessarily indicate a change in the company’s outlook. Insider Selling: IonQ (NYSE:IONQ) Insider Sells $188,272.70 in 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. 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.