Prospera Financial Services Inc Has $337,000 Position in IonQ, Inc. (NYSE:IONQ)

Prospera Financial Services Inc lifted its position in shares of IonQ, Inc. (NYSE:IONQ) by 196.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,508 shares of the company’s stock after purchasing an additional 25,502 shares during the period. Prospera Financial Services Inc’s holdings in IonQ were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of IonQ by 5.1% in the first quarter. Vanguard Group Inc. now owns 18,824,996 shares of the company’s stock worth $188,062,000 after purchasing an additional 918,265 shares during the period. SG Americas Securities LLC raised its position in shares of IonQ by 27.3% in the 2nd quarter. SG Americas Securities LLC now owns 2,654,531 shares of the company’s stock valued at $18,661,000 after buying an additional 569,906 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of IonQ by 16.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 916,536 shares of the company’s stock worth $6,443,000 after acquiring an additional 131,439 shares during the period. Carnegie Investment Counsel acquired a new stake in shares of IonQ during the 3rd quarter worth approximately $5,036,000. Finally, Yong Rong HK Asset Management Ltd bought a new position in IonQ in the third quarter valued at approximately $3,749,000. Institutional investors own 41.42% of the company’s stock.

IonQ Price Performance

IONQ opened at $31.80 on Monday. IonQ, Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $33.80. The company’s 50 day moving average price is $15.21 and its two-hundred day moving average price is $10.34. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of -39.26 and a beta of 1.89.

IonQ (NYSE:IONQ) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The company had revenue of $12.40 million during the quarter, compared to analyst estimates of $10.56 million. IonQ had a negative net margin of 457.85% and a negative return on equity of 36.82%. The business’s revenue for the quarter was up 102.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.22) earnings per share. As a group, equities research analysts predict that IonQ, Inc. will post -0.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IONQ. Needham & Company LLC raised their target price on IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group decreased their target price on IonQ from $11.50 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Craig Hallum raised their price target on shares of IonQ from $15.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark raised their target price on shares of IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Transactions at IonQ

In other news, CRO Rima Alameddine sold 9,875 shares of the stock in a transaction on 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 sale, the executive now directly owns 638,908 shares in the company, valued at $7,488,001.76. This represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 66,000 shares of company stock worth $972,331 over the last ninety days. 11.60% of the stock is owned by insiders.

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.