<div id="readability-page-1"><p>Investment analysts at Rosenblatt Securities began coverage on shares of <span>D-Wave Quantum (NYSE:QBTS - Get Free Report)</span> in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a &#34;buy&#34; rating and a $30.00 price target on the stock. Rosenblatt Securities' price target indicates a potential upside of 63.31% from the company's current price.</p><div><p><span></span><span>Get <strong>D-Wave Quantum</strong> alerts:</span></p></div><ul><li>D-Wave, SuperQ, and Verge: A New Path Forward for Quantum?</li></ul><p>Several other research firms also recently commented on QBTS. B. Riley upped their price objective on D-Wave Quantum from $20.00 to $22.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, July 23rd. Benchmark  reissued a &#34;buy&#34; rating and issued a $20.00 target price (up from $14.00) on shares of D-Wave Quantum in a research report on Tuesday, June 17th. Canaccord Genuity Group began coverage on D-Wave Quantum in a research report on Wednesday, July 23rd. They issued a &#34;buy&#34; rating and a $20.00 target price for the company. Cantor Fitzgerald began coverage on D-Wave Quantum in a research report on Wednesday, July 2nd. They issued an &#34;overweight&#34; rating and a $20.00 target price for the company. Finally, Roth Capital  reissued a &#34;buy&#34; rating on shares of D-Wave Quantum in a research report on Friday, June 13th. Ten equities research analysts have rated the stock with a buy rating,  According to MarketBeat, the company currently has an average rating of &#34;Buy&#34; and an average target price of $16.70.</p><p><b>View Our Latest Research Report on D-Wave Quantum</b></p><h2>D-Wave Quantum Stock Down 2.6%</h2><ul><li>MarketBeat Week in Review – 07/21 - 07/25</li></ul><p>QBTS stock opened at $18.37 on Tuesday. The company has a quick ratio of 20.61, a current ratio of 20.73 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $5.37 billion, a PE ratio of -30.62 and a beta of 1.40. The stock's 50 day moving average is $16.73 and its 200-day moving average is $10.44. D-Wave Quantum has a twelve month low of $0.75 and a twelve month high of $20.56. </p><p>D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $15.00 million during the quarter, compared to the consensus estimate of $10.50 million. D-Wave Quantum had a negative return on equity of 227.95% and a negative net margin of 617.84%.  Sell-side analysts expect that  D-Wave Quantum will post -0.41 EPS for the current fiscal year. </p><h2>Insider Buying and Selling at D-Wave Quantum</h2><ul><li>Quantum Gold Rush: The Catalysts Driving Quantum Stocks Higher</li></ul><p>In other news, Director Rohit Ghai sold 43,517 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $16.80, for a total value of $731,085.60. Following the transaction, the director owned 57,778 shares of the company's stock, valued at approximately $970,670.40. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John M. Markovich sold 400,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $17.30, for a total transaction of $6,920,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,577,944 shares in the company, valued at approximately $27,298,431.20. The trade was a 20.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,636,796 shares of company stock worth $27,872,091. Company insiders own  3.20% of the company's stock. </p><h2>Institutional Trading of D-Wave Quantum</h2><p>Hedge funds have recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its holdings in shares of  D-Wave Quantum by 786.8% during the 1st quarter. Vontobel Holding Ltd. now owns 110,850 shares of the company's stock worth $842,000 after acquiring an additional 98,350 shares during the last quarter.  Vanguard Group Inc. lifted its holdings in shares of  D-Wave Quantum by 103.7% during the 4th quarter. Vanguard Group Inc. now owns 7,118,322 shares of the company's stock worth $59,794,000 after acquiring an additional 3,624,407 shares during the last quarter.  JPMorgan Chase &amp; Co. lifted its holdings in shares of  D-Wave Quantum by 20.6% during the 4th quarter. JPMorgan Chase &amp; Co. now owns 46,804 shares of the company's stock worth $393,000 after acquiring an additional 8,001 shares during the last quarter.  Bank of Montreal Can bought a new stake in shares of  D-Wave Quantum during the 4th quarter worth $111,000.  Finally, Blair William &amp; Co. IL lifted its holdings in shares of  D-Wave Quantum by 29.9% during the 4th quarter. Blair William &amp; Co. IL now owns 27,935 shares of the company's stock worth $235,000 after acquiring an additional 6,435 shares during the last quarter. 42.47% of the stock is owned by institutional investors. </p><h2>D-Wave Quantum Company Profile</h2> (Get Free Report)<p>D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.</p><h2>Read More</h2><ul><li>Five stocks we like better than D-Wave Quantum</li><li>What Is WallStreetBets and What Stocks Are They Targeting?</li><li>Palantir Stock Gains Firepower From Pentagon AI Deals</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>Can Qualcomm Shock Wall Street With Its Q3 Earnings?</li><li>Trading Stocks: RSI and Why it's Useful</li><li>Why the American Eagle Stock Rally Isn't Just Speculation </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVFCVFM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVFCVFM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in D-Wave Quantum Right Now?</h2><p>Before you consider D-Wave Quantum, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D-Wave Quantum wasn't on the list.</p><p>While D-Wave Quantum currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

QBTS

<p>Rosenblatt Securities has initiated coverage on D-Wave Quantum (NYSE:QBTS) with a "buy" rating and a price target of $30.00, indicating a potential upside of 63.31%. Other firms have also rated the stock positively, with an average target price of $16.70. D-Wave Quantum's stock opened at $18.37, and the company reported a revenue of $15 million in its last quarterly earnings. Insider trading activity has seen significant sales, with insiders selling over 1.6 million shares in the past three months.</p>

D-Wave Quantum (NYSE:QBTS) Now Covered by Rosenblatt Securities