Fifth Third Bancorp Increases Stock Holdings in D-Wave Quantum Inc. $QBTS

Fifth Third Bancorp grew its stake in D-Wave Quantum Inc. (NYSE:QBTS) by 3,350.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,199 shares of the company’s stock after purchasing an additional 51,657 shares during the period. Fifth Third Bancorp’s holdings in D-Wave Quantum were worth $768,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Root Financial Partners LLC grew its position in D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in D-Wave Quantum during the 4th quarter worth $28,000. Ancora Advisors LLC acquired a new stake in shares of D-Wave Quantum in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after acquiring an additional 838 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of D-Wave Quantum in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, May 13th. B. Riley Financial raised their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus set a $35.00 price objective on D-Wave Quantum in a report on Tuesday, June 2nd. Finally, Zacks Research upgraded D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus price target of $36.47.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $19.51 on Tuesday. The company has a market cap of $7.22 billion, a P/E ratio of -17.27 and a beta of 2.11. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75. The business has a fifty day moving average of $23.01 and a two-hundred day moving average of $21.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million for the quarter, compared to analysts’ expectations of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business’s revenue for the quarter was down 80.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) EPS. As a group, analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Key Stories Impacting D-Wave Quantum

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Expanded AT&T partnership provides commercial validation. AT&T plans to broaden its use of D-Wave’s annealing quantum-computing technology to address complex optimization problems across its network operations. The agreement strengthens D-Wave’s telecom presence and suggests that a major enterprise customer is moving beyond experimentation toward practical deployment. AT&T Signs Agreement to Expand Use of D-Wave’s Quantum Computing Technology Across Network Operations
• Positive Sentiment: Quantum-sector enthusiasm is supporting the stock. Benchmark analyst Gary Mobley expects the industry to generate approximately $1.5 billion in revenue during 2026 and views D-Wave, IonQ and Rigetti favorably. The industry outlook may be improving investor sentiment toward quantum-computing companies generally. Quantum’s ‘Tipping Point’: Why IonQ, D-Wave, and Rigetti Stocks Are Buys
• Neutral Sentiment: Upcoming Q2 earnings could determine whether the rally is sustainable. Analysts are watching whether D-Wave converted strong bookings and revenue visibility into actual June-quarter results. Investors will likely focus on customer adoption, revenue growth and management’s outlook, particularly after the company’s previously reported revenue decline. QBTS or QUBT: Which Quantum Stock is a Buy Ahead of Q2 Earnings?
• Negative Sentiment: Valuation and execution remain risks. A skeptical analysis argues that D-Wave’s technology roadmap is lagging and that the stock is overvalued, highlighting the company’s substantial losses and the possibility that commercial adoption may not yet justify its market valuation. D-Wave Quantum: A Lagging Roadmap And Overvalued Stock

Insider Activity

In related news, VP Sophie C. Ames sold 23,025 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the sale, the vice president owned 596,803 shares of the company’s stock, valued at approximately $11,327,320.94. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the transaction, the director owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,360,772 shares of company stock valued at $35,737,111 in the last quarter. Insiders own 1.30% of the company’s stock.

About D-Wave Quantum

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.