Monetta Financial Services Inc. Takes $1.01 Million Position in IonQ, Inc. $IONQ

Monetta Financial Services Inc. purchased a new position in IonQ, Inc. (NYSE:IONQ) during the second quarter, HoldingsChannel reports. The firm purchased 19,000 shares of the company’s stock, valued at approximately $1,012,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in IonQ in the 2nd quarter worth about $1,112,945,000. Bank of America Corp DE purchased a new stake in IonQ in the 2nd quarter valued at about $344,757,000. Vanguard Group Inc. grew its stake in IonQ by 18.5% in the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after acquiring an additional 5,420,037 shares in the last quarter. Norges Bank bought a new position in IonQ in the 4th quarter worth about $199,753,000. Finally, Marex Group plc grew its stake in IonQ by 419.1% in the 4th quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock worth $183,225,000 after acquiring an additional 3,296,866 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors.

IonQ Stock Performance

NYSE IONQ opened at $43.27 on Thursday. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of -9.28 and a beta of 3.28. The company’s 50-day simple moving average is $44.95 and its two-hundred day simple moving average is $43.15. IonQ, Inc. has a one year low of $25.89 and a one year high of $84.64.

IonQ (NYSE:IONQ) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.23. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The firm had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter in the prior year, the company earned ($0.70) EPS. The company’s revenue was up 286.7% compared to the same quarter last year. Equities analysts expect that IonQ, Inc. will post -2.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on IONQ shares. Wall Street Zen downgraded shares of IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of IonQ in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley set a $49.00 price objective on IonQ in a report on Thursday, August 6th. Finally, Wedbush started coverage on IonQ in a research report on Monday, August 3rd. They set an “outperform” rating and a $75.00 target price for the company. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, IonQ currently has a consensus rating of “Moderate Buy” and an average target price of $69.92.

Insider Activity at IonQ

In related news, Director Kathryn K. Chou sold 2,757 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gabrielle B. Toledano sold 2,757 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $151,662.57. Following the sale, the director owned 11,154 shares of the company’s stock, valued at approximately $613,581.54. This represents a 19.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,329 shares of company stock valued at $513,216 over the last ninety days. 0.55% of the stock is owned by company insiders.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ’s second-quarter results exceeded expectations, with revenue of $80.05 million—up 286.7% year over year—and a smaller-than-expected loss. The company also raised its full-year 2026 revenue guidance, reinforcing the growth narrative. IonQ Gains Attention After Q2 Results and New Deals
• Positive Sentiment: IonQ’s Space Division won a radar-imaging contract from the National Reconnaissance Office. The award highlights potential growth beyond quantum-computing hardware, particularly following the Capella Space and SkyWater acquisitions. IonQ’s Space Contract Points to a New Frontier for Quantum Investors
• Positive Sentiment: New collaborations are expanding access to IonQ’s systems and supporting research and communications initiatives in North America. A partnership with CMC Microsystems will make IonQ’s trapped-ion systems available through Canada’s FABrIC Quantum Computing Sandbox, potentially broadening adoption among researchers. IonQ and CMC Microsystems Announce Collaboration
• Neutral Sentiment: Investors are increasingly differentiating among quantum-computing companies based on revenue growth and financial strength. IonQ’s results compare favorably with some peers, but the sector remains pre-profit and highly speculative, making diversified quantum ETFs an alternative for risk-conscious investors. Quantum Stocks Are Starting to Choose Sides
• Negative Sentiment: IonQ remains richly valued despite negative earnings and substantial operating losses. The valuation debate is limiting enthusiasm even after the strong quarter and new deals.
• Negative Sentiment: Higher long-term Treasury yields and weaker artificial-intelligence sentiment have prompted a rotation away from speculative technology stocks, pressuring IonQ and other quantum names. Quantum Stocks Fall as Rates Force Rotation

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.