Shares of D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $36.2667.
Several research firms have recently issued reports on QBTS. Wedbush assumed coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price objective on the stock. Benchmark started coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a report on Friday, August 7th. Jefferies Financial Group set a $40.00 price target on shares of D-Wave Quantum in a research note on Friday, August 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th.
Get Our Latest Stock Report on QBTS
D-Wave Quantum News Roundup
- Positive Sentiment: D-Wave’s second-quarter bookings reportedly surged 1,120% to $36 million, providing evidence of strong customer demand and offering a potential catalyst if bookings convert into revenue. D-Wave Quantum vs. Microsoft: Which Is the Better Quantum Computing Stock to Own for the Next 5 Years?
- Positive Sentiment: Analyst estimates cited in recent coverage imply substantial upside for QBTS, while White House quantum-related executive orders are viewed as a longer-term tailwind for the industry. D-Wave Stock: 71% Potential Upside, but is it Enough to Buy QBTS Now?
- Neutral Sentiment: Investors are increasingly differentiating among D-Wave, IonQ, and Rigetti based on revenue growth and financial strength, while diversified quantum-focused ETFs may appeal to investors seeking less company-specific risk. Quantum Stocks Are Starting to Choose Sides: Should Investors Do the Same?
- Negative Sentiment: Zacks Research downgraded D-Wave from “strong buy” to “hold,” adding near-term pressure and signaling less conviction in the stock’s risk-reward profile. Zacks.com
- Negative Sentiment: Quantum-computing stocks are being sold as a group without company-specific news, reflecting a broad risk-off move in speculative technology stocks. What’s Behind the Quantum Stock Selloff?
- Negative Sentiment: Coverage continues to flag QBTS’s lofty valuation, minimal current revenue, and weak technical indicators. Rising long-term Treasury yields have also encouraged investors to rotate away from high-risk, pre-profit technology companies. Quantum Stocks Fall as Rates Force Rotation
Insider Buying and Selling
In related news, Director Rohit Ghai sold 13,518 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director directly owned 23,617 shares in the company, valued at approximately $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Alan E. Baratz sold 687,627 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $26.13, for a total value of $17,967,693.51. Following the transaction, the chief executive officer directly owned 3,299,771 shares of the company’s stock, valued at approximately $86,223,016.23. The trade was a 17.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,012,065 shares of company stock valued at $26,245,703 in the last ninety days. Company insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. raised its stake in D-Wave Quantum by 12.0% during the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after purchasing an additional 1,300 shares in the last quarter. Royal Bank of Canada grew its stake in shares of D-Wave Quantum by 59.8% in the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after buying an additional 60,668 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of D-Wave Quantum by 201.0% in the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after buying an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of D-Wave Quantum by 93.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock worth $825,000 after buying an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of D-Wave Quantum by 125.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after buying an additional 24,382 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.
D-Wave Quantum Stock Down 2.7%
QBTS stock opened at $18.80 on Friday. The stock has a market cap of $6.95 billion, a P/E ratio of -26.48 and a beta of 2.15. D-Wave Quantum has a twelve month low of $12.75 and a twelve month high of $46.75. The business’s 50-day moving average price is $20.68 and its 200-day moving average price is $20.23. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03.
D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The business had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $4.03 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue for the quarter was down 0.6 compared to the same quarter last year. On average, equities research analysts forecast that D-Wave Quantum will post -0.46 EPS for the current year.
About D-Wave Quantum
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.
Read More
- Five stocks we like better than D-Wave Quantum
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for D-Wave Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D-Wave Quantum and related companies with MarketBeat.com's FREE daily email newsletter.
