QuantumScape Co. (NYSE:QS) Receives $5.13 Consensus PT from Analysts

QuantumScape Co. (NYSE:QS - Get Free Report) has received an average rating of "Reduce" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.13.

QS has been the topic of several research reports. Truist Financial cut their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $5.00 to $2.50 in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th.

QuantumScape Price Performance

NYSE QS traded up $0.12 on Tuesday, hitting $3.81. 5,705,309 shares of the company were exchanged, compared to its average volume of 10,695,212. QuantumScape has a 1-year low of $3.40 and a 1-year high of $9.52. The firm has a 50 day moving average of $4.39 and a two-hundred day moving average of $4.96. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.08 billion, a P/E ratio of -4.05 and a beta of 4.37.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). On average, equities analysts predict that QuantumScape will post -0.82 EPS for the current year.

Insider Buying and Selling at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now directly owns 228,287 shares of the company's stock, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the transaction, the chief financial officer now directly owns 1,024,325 shares of the company's stock, valued at approximately $5,183,084.50. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,147 shares of company stock valued at $935,758 in the last three months. Corporate insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of QuantumScape by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock valued at $168,367,000 after acquiring an additional 956,072 shares in the last quarter. State Street Corp grew its holdings in QuantumScape by 1.5% during the 3rd quarter. State Street Corp now owns 5,918,496 shares of the company's stock worth $34,031,000 after acquiring an additional 87,563 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of QuantumScape by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company's stock valued at $30,538,000 after acquiring an additional 28,073 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of QuantumScape by 55.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock worth $30,183,000 after purchasing an additional 2,066,844 shares during the last quarter. Finally, Norges Bank acquired a new stake in QuantumScape in the fourth quarter valued at $17,762,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

About QuantumScape

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.