Analysts Set D-Wave Quantum Inc. (NASDAQ:QBTS) PT at $36.36

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $36.3571.

A number of equities research analysts recently weighed in on QBTS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Roth Capital restated a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th.

D-Wave Quantum Price Performance

Shares of NASDAQ QBTS opened at $19.53 on Friday. The firm has a market capitalization of $7.22 billion, a P/E ratio of -27.51 and a beta of 2.15. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $20.86 and its two-hundred day simple moving average is $20.28. D-Wave Quantum has a twelve month low of $12.75 and a twelve month high of $46.75.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The business had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. During the same quarter last year, the business posted ($0.08) EPS. The business’s revenue was down 0.6 compared to the same quarter last year. As a group, equities analysts anticipate that D-Wave Quantum will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In other news, VP Sophie C. Ames sold 3,070 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the transaction, the vice president directly owned 589,009 shares in the company, valued at approximately $9,983,702.55. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 200,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.71, for a total value of $5,142,000.00. Following the transaction, the chief financial officer owned 1,142,820 shares in the company, valued at $29,381,902.20. This trade represents a 14.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 1,340,817 shares of company stock valued at $35,352,133. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of D-Wave Quantum

Hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. grew its position in D-Wave Quantum by 12.0% during the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of D-Wave Quantum by 59.8% in the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after acquiring an additional 60,668 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of D-Wave Quantum by 201.0% in the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after purchasing an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of D-Wave Quantum by 93.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after purchasing an additional 52,437 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of D-Wave Quantum by 125.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after purchasing an additional 24,382 shares during the last quarter. Institutional investors own 42.47% of the company’s stock.

More D-Wave Quantum News

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

• Positive Sentiment: Repeat production deployment by NTT DOCOMO strengthens commercial validation. Japan’s largest mobile operator deployed a second D-Wave-powered quantum application in production, using the technology for network-operations optimization. A second real-world deployment supports D-Wave’s case that its systems can deliver practical benefits beyond research projects. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
• Positive Sentiment: D-Wave is receiving increased attention as a U.S.-China technology-race investment. Analysts and financial media included D-Wave among a small group of AI and quantum stocks positioned to benefit from rising strategic investment in advanced computing. The coverage may improve investor visibility, although it does not represent a new contract or financial forecast. U.S.-China 2026 Tech Race: 2 AI Stocks & 2 Quantum Stocks to Watch
• Neutral Sentiment: The appointment of Kevan P. Krysler adds technology-finance experience. His addition to the board and audit committee could support governance and financial oversight, but the announcement is unlikely to materially change near-term earnings. D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
• Positive Sentiment: Financial-crime detection efforts broaden D-Wave’s commercial pipeline. Its collaboration with Nasdaq Verafin targets quantum applications for banking risk and compliance, providing another potential enterprise use case beyond network optimization. What Could D Wave Quantum Gain From Its Financial Crime Detection Push?
• Negative Sentiment: Investors remain focused on weak financial performance and the need for repeatable revenue. Recent results missed consensus estimates for both earnings and revenue, while the company continues to report substantial losses. Commentary also highlighted the need for more customers, recurring revenue and progress toward profitability. Competitive developments from other quantum companies add to the uncertainty. D-Wave Has Momentum—What Does It Need to Keep It Going?

D-Wave Quantum Company Profile

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.