QuantumScape (NYSE:QS) Given Hold Rating at Truist Financial

Truist Financial restated their hold rating on shares of QuantumScape (NYSE:QS - Free Report) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $7.00 price objective on the stock, up from their previous price objective of $6.00.

A number of other research analysts have also recently commented on the company. Wolfe Research initiated coverage on QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $6.14.

QuantumScape Trading Down 4.7 %

NYSE QS traded down $0.30 during mid-day trading on Friday, hitting $6.20. The company's stock had a trading volume of 20,607,602 shares, compared to its average volume of 5,092,081. The firm has a market capitalization of $3.14 billion, a P/E ratio of -6.52 and a beta of 4.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. QuantumScape has a 52-week low of $4.67 and a 52-week high of $10.03. The stock's fifty day simple moving average is $5.68 and its two-hundred day simple moving average is $5.81.

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QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the firm earned ($0.23) EPS. Research analysts expect that QuantumScape will post -0.9 EPS for the current year.

Insider Activity at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 44,306 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $6.11, for a total transaction of $270,709.66. Following the completion of the transaction, the chief technology officer now directly owns 1,168,496 shares of the company's stock, valued at $7,139,510.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. 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, insider Michael O. Mccarthy III sold 222,476 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total value of $1,463,892.08. Following the completion of the sale, the insider now owns 1,283,847 shares of the company's stock, valued at $8,447,713.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,126,067 shares of company stock valued at $6,659,475 over the last ninety days. Corporate insiders own 12.03% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QS. Signaturefd LLC raised its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after acquiring an additional 2,148 shares during the period. International Assets Investment Management LLC raised its position in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after purchasing an additional 4,228 shares during the period. CWM LLC lifted its holdings in shares of QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company's stock worth $35,000 after purchasing an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new position in QuantumScape during the 2nd quarter valued at approximately $36,000. Finally, Alaska Wealth Advisors bought a new position in QuantumScape during the 2nd quarter worth $49,000. 29.87% of the stock is currently owned by institutional investors.

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.