IonQ, Inc. $IONQ Shares Purchased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. raised its position in IonQ, Inc. (NYSE:IONQ) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,231 shares of the company’s stock after acquiring an additional 3,516 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in IonQ were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its stake in shares of IonQ by 28.4% in the second quarter. TD Waterhouse Canada Inc. now owns 1,008 shares of the company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Rothschild Investment LLC boosted its position in IonQ by 12.2% in the 2nd quarter. Rothschild Investment LLC now owns 2,720 shares of the company’s stock valued at $117,000 after buying an additional 295 shares during the period. Nisa Investment Advisors LLC boosted its position in IonQ by 4.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,882 shares of the company’s stock valued at $296,000 after buying an additional 306 shares during the period. Prospera Financial Services Inc grew its stake in shares of IonQ by 0.8% in the second quarter. Prospera Financial Services Inc now owns 42,286 shares of the company’s stock worth $1,817,000 after acquiring an additional 320 shares in the last quarter. Finally, Archer Investment Corp increased its position in shares of IonQ by 119.3% during the second quarter. Archer Investment Corp now owns 592 shares of the company’s stock worth $25,000 after acquiring an additional 322 shares during the period. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

IonQ Stock Performance

IONQ opened at $46.87 on Friday. IonQ, Inc. has a one year low of $17.88 and a one year high of $84.64. The company has a market cap of $16.28 billion, a P/E ratio of -8.76 and a beta of 2.59. The business’s 50-day simple moving average is $61.06 and its 200-day simple moving average is $48.71.

IonQ (NYSE:IONQ) last posted its earnings results on Wednesday, November 5th. The company reported ($3.58) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.14). The business had revenue of $39.87 million for the quarter, compared to analysts’ expectations of $26.99 million. IonQ had a negative return on equity of 127.06% and a negative net margin of 1,836.32%.IonQ’s revenue for the quarter was up 221.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. IonQ has set its FY 2025 guidance at EPS. As a group, analysts predict that IonQ, Inc. will post -0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at IonQ

In other news, CEO Masi Niccolo De sold 16,120 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $44.40, for a total value of $715,728.00. Following the completion of the transaction, the chief executive officer owned 1,181,186 shares in the company, valued at approximately $52,444,658.40. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul T. Dacier sold 4,175 shares of IonQ stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $44.40, for a total transaction of $185,370.00. Following the sale, the insider owned 114,454 shares in the company, valued at $5,081,757.60. This represents a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 213,622 shares of company stock worth $9,620,896. 5.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. began coverage on IonQ in a research note on Thursday, November 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Cantor Fitzgerald upped their price target on IonQ from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of IonQ in a research report on Thursday, November 6th. Rosenblatt Securities boosted their price objective on IonQ from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Benchmark upped their target price on shares of IonQ from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $66.00.

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.