12,620 Shares in IonQ, Inc. $IONQ Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in IonQ, Inc. (NYSE:IONQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,620 shares of the company’s stock, valued at approximately $542,000.

A number of other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of IonQ by 54.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,735 shares of the company’s stock valued at $203,000 after purchasing an additional 3,068 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of IonQ in the 1st quarter valued at $628,000. Concurrent Investment Advisors LLC raised its stake in shares of IonQ by 13.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 10,805 shares of the company’s stock valued at $238,000 after buying an additional 1,319 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in IonQ by 15.7% during the first quarter. Stratos Wealth Partners LTD. now owns 20,740 shares of the company’s stock worth $458,000 after purchasing an additional 2,814 shares during the period. Finally, Allworth Financial LP grew its stake in shares of IonQ by 33.7% in the 1st quarter. Allworth Financial LP now owns 3,682 shares of the company’s stock valued at $81,000 after purchasing an additional 929 shares during the period. Institutional investors own 41.42% of the company’s stock.

IonQ Price Performance

NYSE IONQ opened at $59.07 on Friday. IonQ, Inc. has a one year low of $17.88 and a one year high of $84.64. The firm has a market cap of $20.52 billion, a P/E ratio of -11.04 and a beta of 2.59. The stock’s 50-day moving average is $61.61 and its 200-day moving average is $47.03.

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

Analyst Upgrades and Downgrades

IONQ has been the topic of several recent analyst reports. DA Davidson boosted their target price on shares of IonQ from $35.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley raised their price objective on shares of IonQ from $32.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday. B. Riley raised their price target on IonQ from $75.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Rosenblatt Securities lifted their price objective on IonQ from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Benchmark raised their target price on IonQ from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.11.

Insider Activity at IonQ

In other IonQ news, CEO Masi Niccolo De sold 16,120 shares of IonQ stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $44.40, for a total value of $715,728.00. Following the sale, the chief executive officer owned 1,181,186 shares of the company’s stock, valued at $52,444,658.40. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Rima Alameddine sold 19,976 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $44.40, for a total value of $886,934.40. Following the completion of the sale, the executive owned 532,616 shares in the company, valued at approximately $23,648,150.40. This trade represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,622 shares of company stock valued at $4,931,896 over the last three months. Insiders own 5.20% of the company’s 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.