D-Wave Quantum (NYSE:QBTS) Trading 1.3% Higher on Analyst Upgrade

D-Wave Quantum Inc. (NYSE:QBTS) shares rose 1.3% during mid-day trading on Wednesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $18.41 and last traded at $18.3380. Approximately 18,795,750 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 29,816,672 shares. The stock had previously closed at $18.11.

Several other research analysts have also commented on the company. TD Cowen assumed coverage on D-Wave Quantum in a research report on Thursday, February 12th. They issued a “buy” rating on the stock. Canaccord Genuity Group set a $43.00 target price on D-Wave Quantum in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a report on Friday, March 27th. Roth Mkm reduced their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Fourteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.53.

Insider Activity

In other news, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $144,080.00. Following the sale, the director directly owned 19,803 shares of the company’s stock, valued at approximately $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the director directly owned 27,778 shares of the company’s stock, valued at $489,448.36. This represents a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 31,776 shares of company stock valued at $574,571. Corporate insiders own 3.20% of the company’s stock.

D-Wave Quantum News Summary

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

• Positive Sentiment: Management is staging its first-ever Investor Day at the New York Stock Exchange, increasing visibility with institutional investors and providing a forum to present roadmaps for revenue, bookings and product strategy. This can support near-term sentiment and liquidity. D-Wave Quantum (QBTS) to Host First-Ever Investor Day at the New York Stock Exchange
• Positive Sentiment: Zacks upgraded QBTS from “strong sell” to “hold,” removing a strong negative rating and signaling modestly improved analyst sentiment — a supportive technical for the stock. Zacks upgrade / TickerReport
• Positive Sentiment: Coverage and comparison pieces highlight renewed investor interest driven by AI-quantum convergence, bookings growth and policy support — factors cited as potential upside drivers if execution and commercial traction continue. QBTS or RGTI: Which Quantum Play Will Offer Better Upside in May?
• Neutral Sentiment: Balanced analyst write-ups (bull vs. bear) lay out both long-term potential and short-term risks without a clear consensus — useful for investors but not a decisive price catalyst by itself. Bull vs. Bear: D-Wave Quantum
• Neutral Sentiment: Valuation and volatility analyses note large recent swings (big month-to-month moves and YTD weakness), which keep QBTS a high-beta trade for investors willing to accept execution risk. Assessing D-Wave Quantum (QBTS) Valuation After Recent Volatility And Contrasting Shareholder Returns
• Neutral Sentiment: Coverage of peers (e.g., Rigetti) provides comparative context — competitors’ balance-sheet strength or product progress matter for relative positioning but don’t directly move QBTS absent company-specific news. Rigetti’s Balance Sheet Strength Supports Quantum Growth Path
• Negative Sentiment: Media commentary framing the broader software/tech bear market raises sector headwinds and questions whether it’s the right time to “buy the dip” in quantum stocks, which can pressure sentiment if macro risk aversion rises. Software Bear Market: Should You Buy the Dip in D-Wave Quantum Stock Right Now?
• Negative Sentiment: Fundamental headwinds persist: a recent quarterly EPS and revenue miss, deeply negative margins and ongoing net losses mean QBTS must show scaling revenue and margin improvements to justify higher valuations — execution shortfalls would weigh on the stock.

Hedge Funds Weigh In On D-Wave Quantum

Several institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC increased its stake in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after buying an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in D-Wave Quantum during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC grew its holdings in D-Wave Quantum by 267.7% during 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 in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in D-Wave Quantum during the 4th quarter worth $31,000. Finally, Ancora Advisors LLC bought a new stake in shares of D-Wave Quantum in the 3rd quarter worth about $30,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

D-Wave Quantum Stock Up 1.1%

The company’s 50-day moving average price is $17.44 and its two-hundred day moving average price is $23.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The company had revenue of $2.75 million for the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities analysts expect that D-Wave Quantum Inc. will post -0.44 EPS for the current year.

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.