D-Wave Quantum Inc. (NYSE:QBTS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

D-Wave Quantum Inc. (NYSE:QBTS) has received an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $35.5333.

Several analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective for the company. TD Cowen assumed coverage on shares of D-Wave Quantum in a research note on Thursday, February 12th. They set a “buy” rating for the company. Benchmark reissued a “buy” rating and set a $35.00 price objective on shares of D-Wave Quantum in a research note on Friday, January 23rd. Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday. Finally, Needham & Company LLC lowered their price objective on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 26th.

Insider Activity at D-Wave Quantum

In related news, CFO John M. Markovich sold 10,706 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $17.63, for a total transaction of $188,746.78. Following the completion of the sale, the chief financial officer directly owned 1,451,427 shares of the company’s stock, valued at approximately $25,588,658.01. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sophie C. Ames sold 3,070 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $21.35, for a total transaction of $65,544.50. Following the sale, the vice president directly owned 643,678 shares of the company’s stock, valued at approximately $13,742,525.30. This trade represents a 0.47% 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 sold 31,776 shares of company stock valued at $574,571 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in shares of 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 purchasing an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in D-Wave Quantum during the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC raised its stake in D-Wave Quantum by 267.7% during the fourth 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. Mcguire Capital Advisors Inc. acquired a new stake in D-Wave Quantum during the fourth quarter worth about $31,000. Finally, Ancora Advisors LLC acquired a new stake in D-Wave Quantum during the third quarter worth about $30,000. Institutional investors and hedge funds 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: D-Wave beat EPS expectations, reporting a loss of $0.05 per share versus estimates for a $0.08 loss, which suggests better-than-expected cost control. D-Wave Quantum Q1 2026 earnings release and transcript
• Positive Sentiment: Bookings jumped nearly 2,000% year over year, a sign that commercial demand for D-Wave’s quantum systems is accelerating even though revenue has not yet caught up. TipRanks article on D-Wave bookings surge
• Neutral Sentiment: Management also pointed to continued momentum in Advantage2, new government deals, and broader commercialization efforts, which support the long-term story but do not offset near-term revenue concerns. Yahoo Finance preview on D-Wave Q1 2026 earnings
• Negative Sentiment: Revenue came in at $2.86 million, far below the $4.19 million consensus estimate and down 80.9% from a year ago, reinforcing concerns that monetization remains lumpy. Barron’s article on D-Wave earnings and stock reaction
• Negative Sentiment: Analysts remain cautious on profitability and valuation, and some previews into earnings had already flagged bearish sentiment ahead of the report. Seeking Alpha analyst outlook on D-Wave Q1 earnings

D-Wave Quantum Trading Down 6.9%

Shares of QBTS opened at $22.38 on Wednesday. The stock has a fifty day moving average of $17.90 and a two-hundred day moving average of $22.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38. The company has a market capitalization of $8.28 billion, a PE ratio of -20.35 and a beta of 1.95. D-Wave Quantum has a fifty-two week low of $10.36 and a fifty-two week high of $46.75.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.D-Wave Quantum’s revenue was down 80.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. As a group, analysts forecast that D-Wave Quantum will post -0.44 EPS for the current year.

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.