Brokers Offer Predictions for IonQ’s Q1 Earnings (NYSE:IONQ)

IonQ, Inc. (NYSE:IONQ) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for IonQ in a research report issued on Thursday, February 27th. DA Davidson analyst A. Platt expects that the company will post earnings per share of ($0.15) for the quarter. DA Davidson currently has a “Strong-Buy” rating on the stock. The consensus estimate for IonQ’s current full-year earnings is ($0.86) per share. DA Davidson also issued estimates for IonQ’s FY2025 earnings at ($0.53) EPS and FY2026 earnings at ($0.47) EPS.

A number of other research firms also recently issued reports on IONQ. Benchmark decreased their price objective on shares of IonQ from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Craig Hallum raised their target price on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group upped their price target on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $54.00 price objective on shares of IonQ in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $44.80.

IonQ Price Performance

Shares of IonQ stock opened at $23.10 on Monday. The firm has a market cap of $5.00 billion, a PE ratio of -28.52 and a beta of 2.40. IonQ has a 1 year low of $6.22 and a 1 year high of $54.74. The stock has a fifty day moving average price of $38.23 and a 200-day moving average price of $25.11.

Insider Activity at IonQ

In other news, CRO Rima Alameddine sold 21,337 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $634,349.01. Following the completion of the transaction, the executive now directly owns 571,321 shares in the company, valued at $16,985,373.33. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas G. Kramer sold 9,780 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.72, for a total value of $290,661.60. Following the completion of the sale, the chief financial officer now owns 926,114 shares in the company, valued at $27,524,108.08. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,223 shares of company stock worth $1,314,652. 11.60% of the stock is owned by company insiders.

Institutional Trading of IonQ

A number of hedge funds have recently made changes to their positions in IONQ. JPMorgan Chase & Co. boosted its holdings in shares of IonQ by 1,310.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,468,160 shares of the company’s stock worth $103,095,000 after purchasing an additional 2,293,231 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new stake in IonQ during the fourth quarter valued at about $32,060,000. Ameriprise Financial Inc. bought a new position in shares of IonQ during the fourth quarter valued at about $29,519,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of IonQ in the 4th quarter valued at about $29,513,000. Finally, Invesco Ltd. boosted its holdings in IonQ by 439.3% during the 4th quarter. Invesco Ltd. now owns 857,078 shares of the company’s stock valued at $35,800,000 after acquiring an additional 698,146 shares during the period. 41.42% of the stock is owned by institutional investors.

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.