Raymond James Financial Services Advisors Inc. Purchases 1,459 Shares of IonQ, Inc. (NYSE:IONQ)

Raymond James Financial Services Advisors Inc. grew its position in shares of IonQ, Inc. (NYSE:IONQ) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,736 shares of the company’s stock after buying an additional 1,459 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in IonQ were worth $282,000 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 IONQ. Nisa Investment Advisors LLC grew its stake in shares of IonQ by 32.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the company’s stock valued at $60,000 after purchasing an additional 1,000 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of IonQ by 28.0% during the fourth quarter. FNY Investment Advisers LLC now owns 4,532 shares of the company’s stock valued at $56,000 after purchasing an additional 990 shares during the last quarter. C M Bidwell & Associates Ltd. grew its stake in shares of IonQ by 61.2% during the third quarter. C M Bidwell & Associates Ltd. now owns 4,542 shares of the company’s stock valued at $68,000 after purchasing an additional 1,724 shares during the last quarter. National Bank of Canada FI grew its stake in shares of IonQ by 806.4% during the third quarter. National Bank of Canada FI now owns 6,345 shares of the company’s stock valued at $93,000 after purchasing an additional 5,645 shares during the last quarter. Finally, Aurora Private Wealth Inc. bought a new stake in shares of IonQ during the third quarter valued at approximately $151,000. 41.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other IonQ news, CRO Rima Alameddine sold 27,212 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.20, for a total value of $277,562.40. Following the sale, the executive now directly owns 697,647 shares in the company, valued at $7,115,999.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other IonQ news, CRO Rima Alameddine sold 27,212 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.20, for a total value of $277,562.40. Following the sale, the executive now directly owns 697,647 shares in the company, valued at $7,115,999.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter Hume Chapman sold 29,452 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $10.20, for a total transaction of $300,410.40. Following the completion of the sale, the chief executive officer now owns 451,233 shares in the company, valued at $4,602,576.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,556 shares of company stock worth $882,871. Company insiders own 13.00% of the company’s stock.

IonQ Stock Performance

Shares of IONQ stock opened at $7.50 on Tuesday. IonQ, Inc. has a 52-week low of $5.29 and a 52-week high of $21.60. The stock has a market cap of $1.56 billion, a PE ratio of -9.62 and a beta of 2.14. The firm’s 50 day moving average price is $9.57 and its two-hundred day moving average price is $11.33.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. IonQ had a negative net margin of 715.77% and a negative return on equity of 28.27%. The firm had revenue of $6.11 million for the quarter, compared to analysts’ expectations of $5.70 million. As a group, sell-side analysts predict that IonQ, Inc. will post -1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IONQ has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of IonQ from $13.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of IonQ in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

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.