DA Davidson Weighs in on IonQ’s Q1 Earnings (NYSE:IONQ)

IonQ, Inc. (NYSE:IONQ) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of IonQ in a report released on Thursday, February 27th. DA Davidson analyst A. Platt anticipates that the company will post earnings of ($0.15) per share 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.

Several other equities analysts have also weighed in on the company. Benchmark reduced their price objective on IonQ from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $54.00 target price on shares of IonQ in a research report on Thursday, February 27th. The Goldman Sachs Group upped their price objective on shares of IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Craig Hallum lifted their price target on shares of IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $44.80.

IonQ Stock Performance

Shares of IONQ opened at $22.33 on Monday. The company has a market capitalization of $4.83 billion, a PE ratio of -27.57 and a beta of 2.40. IonQ has a fifty-two week low of $6.22 and a fifty-two week high of $54.74. The stock has a fifty day moving average of $37.78 and a two-hundred day moving average of $25.22.

Insider Buying and Selling

In related news, CEO Peter Hume Chapman sold 13,106 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total value of $389,641.38. Following the completion of the sale, the chief executive officer now owns 414,363 shares of the company’s stock, valued at $12,319,011.99. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Rima Alameddine sold 21,337 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total value of $634,349.01. Following the sale, the executive now directly owns 571,321 shares in the company, valued at approximately $16,985,373.33. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,223 shares of company stock valued at $1,314,652. Insiders own 11.60% of the company’s stock.

Institutional Investors Weigh In On IonQ

Several large investors have recently made changes to their positions in IONQ. Creative Planning lifted its position in shares of IonQ by 47.8% in the third quarter. Creative Planning now owns 24,364 shares of the company’s stock worth $213,000 after buying an additional 7,878 shares during the last quarter. Ground Swell Capital LLC acquired a new position in IonQ during the third quarter valued at approximately $110,000. PDS Planning Inc bought a new position in shares of IonQ in the third quarter valued at approximately $101,000. Verity Asset Management Inc. lifted its stake in shares of IonQ by 12.4% in the third quarter. Verity Asset Management Inc. now owns 33,898 shares of the company’s stock worth $296,000 after buying an additional 3,736 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in shares of IonQ during the 3rd quarter worth $874,000. Institutional investors own 41.42% of the company’s stock.

IonQ Company 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.