Brokerages Set QuantumScape Co. (NYSE:QS) Target Price at $5.94

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) have been assigned an average rating of "Reduce" from the seven analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.94.

QS has been the topic of several recent research reports. Truist Financial reduced their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Wednesday, October 16th. Wolfe Research assumed coverage on QuantumScape in a report on Thursday, September 5th. They set an "underperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th.

QuantumScape Trading Down 1.6 %

Shares of QS opened at $5.20 on Tuesday. QuantumScape has a 1-year low of $4.67 and a 1-year high of $10.03. The business's 50-day moving average price is $5.69 and its 200 day moving average price is $5.81. The stock has a market capitalization of $2.60 billion, a P/E ratio of -5.41 and a beta of 4.58. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.03). During the same period in the previous year, the business posted ($0.26) earnings per share. Analysts expect that QuantumScape will post -0.9 earnings per share for the current year.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the sale, the chief financial officer now directly owns 1,073,022 shares of the company's stock, valued at $5,890,890.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $5.53, for a total value of $1,063,253.10. Following the sale, the director now owns 2,590,583 shares in the company, valued at approximately $14,325,923.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,126,067 shares of company stock valued at $6,659,475. 10.18% of the stock is owned by company insiders.

Institutional Trading of QuantumScape

Several institutional investors have recently made changes to their positions in the business. 180 Wealth Advisors LLC lifted its stake in QuantumScape by 2.7% during the second quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company's stock worth $392,000 after purchasing an additional 2,059 shares during the period. Signaturefd LLC lifted its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after buying an additional 2,148 shares during the period. CWM LLC boosted its stake in QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after buying an additional 2,556 shares in the last quarter. Carson Advisory Inc. grew its position in QuantumScape by 13.6% in the first quarter. Carson Advisory Inc. now owns 24,250 shares of the company's stock valued at $153,000 after acquiring an additional 2,900 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in QuantumScape by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company's stock worth $413,000 after acquiring an additional 3,527 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Company Profile

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.