8,200 Shares in IonQ, Inc. (NYSE:IONQ) Bought by nVerses Capital LLC

nVerses Capital LLC bought a new stake in IonQ, Inc. (NYSE:IONQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,200 shares of the company’s stock, valued at approximately $72,000.

Several other institutional investors also recently made changes to their positions in IONQ. Carnegie Investment Counsel acquired a new stake in shares of IonQ in the third quarter valued at about $5,036,000. Oppenheimer & Co. Inc. lifted its position in shares of IonQ by 4.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 36,495 shares of the company’s stock valued at $365,000 after acquiring an additional 1,400 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of IonQ during the 1st quarter worth approximately $185,000. Vanguard Group Inc. grew its holdings in shares of IonQ by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 17,906,731 shares of the company’s stock worth $221,864,000 after acquiring an additional 193,924 shares during the period. Finally, Swiss National Bank increased its stake in IonQ by 14.8% in the 1st quarter. Swiss National Bank now owns 343,600 shares of the company’s stock valued at $3,433,000 after purchasing an additional 44,200 shares in the last quarter. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

IonQ Price Performance

NYSE:IONQ opened at $14.77 on Tuesday. The firm has a 50 day simple moving average of $8.45 and a 200-day simple moving average of $8.13. The firm has a market cap of $3.12 billion, a PE ratio of -17.80 and a beta of 2.05. IonQ, Inc. has a 1-year low of $6.22 and a 1-year high of $15.49.

IonQ (NYSE:IONQ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.04. IonQ had a negative return on equity of 34.02% and a negative net margin of 525.13%. The company had revenue of $11.38 million during the quarter, compared to the consensus estimate of $8.66 million. During the same period in the previous year, the firm posted ($0.16) EPS. IonQ’s revenue was up 106.4% on a year-over-year basis. As a group, sell-side analysts expect that IonQ, Inc. will post -0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on IONQ shares. The Goldman Sachs Group dropped their price target on IonQ from $11.50 to $8.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and set a $13.00 target price on shares of IonQ in a research report on Wednesday, October 2nd. Benchmark dropped their price objective on shares of IonQ from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Craig Hallum reduced their target price on IonQ from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, IonQ presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Insiders Place Their Bets

In other news, CRO Rima Alameddine sold 9,875 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $11.72, for a total transaction of $115,735.00. Following the completion of the transaction, the executive now owns 638,908 shares of the company’s stock, valued at $7,488,001.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 31,125 shares of company stock valued at $377,660. Insiders own 11.60% of the company’s stock.

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.