QuantumScape Co. (NYSE:QS - Get Free Report) has been assigned an average recommendation of "Reduce" from the eight brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $5.13.
A number of research analysts recently commented on the company. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Truist Financial dropped their target price on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price target on QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group cut shares of QuantumScape from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $5.00 to $2.50 in a report on Thursday, April 10th.
Check Out Our Latest Report on QS
Insider Transactions at QuantumScape
In other news, insider Michael O. Mccarthy III sold 76,315 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $399,127.45. Following the transaction, the insider now owns 1,010,523 shares in the company, valued at $5,285,035.29. This trade represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of QuantumScape stock in a transaction that occurred on Monday, January 27th. The shares were 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 in the company, 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 have sold 180,147 shares of company stock valued at $935,758 in the last 90 days. 12.03% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On QuantumScape
A number of hedge funds have recently made changes to their positions in the business. Ieq Capital LLC lifted its position in shares of QuantumScape by 2.6% during the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company's stock worth $453,000 after acquiring an additional 2,200 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in QuantumScape by 2.0% during the 4th quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock worth $595,000 after purchasing an additional 2,300 shares in the last quarter. Xponance Inc. boosted its stake in QuantumScape by 17.8% in the 4th quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after purchasing an additional 2,400 shares during the period. Arizona State Retirement System grew its holdings in QuantumScape by 2.3% during the 4th quarter. Arizona State Retirement System now owns 111,364 shares of the company's stock valued at $578,000 after buying an additional 2,483 shares in the last quarter. Finally, Birchcreek Wealth Management LLC increased its holdings in QuantumScape by 13.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company's stock worth $117,000 after acquiring an additional 2,700 shares during the period. 29.87% of the stock is currently owned by institutional investors.
QuantumScape Stock Performance
NYSE:QS traded up $0.12 during mid-day trading on Tuesday, hitting $3.81. 5,705,309 shares of the stock were exchanged, compared to its average volume of 10,677,303. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -4.05 and a beta of 4.37. The firm's 50-day simple moving average is $4.39 and its 200 day simple moving average is $4.97. QuantumScape has a fifty-two week low of $3.40 and a fifty-two week high of $9.52.
QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, equities analysts anticipate that QuantumScape will post -0.82 EPS for the current fiscal year.
About QuantumScape
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Get Free ReportQuantumScape 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.
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