Brokerages Set QuantumScape Co. (NYSE:QS) Price Target at $6.06

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) have received an average recommendation of "Reduce" from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.06.

Several analysts have commented on QS shares. Truist Financial decreased their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Finally, Evercore ISI reiterated a "hold" rating on shares of QuantumScape in a report on Tuesday.

Insider Buying and Selling

In other news, Director Jagdeep Singh sold 308,097 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the sale, the director now directly owns 2,563,767 shares of the company's stock, valued at $13,587,965.10. This represents a 10.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Hettrich sold 29,667 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.10, for a total transaction of $151,301.70. Following the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,224,057.50. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 615,216 shares of company stock worth $3,327,157 over the last ninety days. 12.03% of the stock is owned by insiders.

Remove Ads

Institutional Investors Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after acquiring an additional 2,148 shares during the period. Ieq Capital LLC increased its position in QuantumScape by 2.6% in the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company's stock worth $453,000 after purchasing an additional 2,200 shares during the period. Handelsbanken Fonder AB grew its stake in shares of QuantumScape by 2.0% during the fourth quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock worth $595,000 after purchasing an additional 2,300 shares during the period. Xponance Inc. grew its holdings in shares of QuantumScape by 17.8% in the 4th quarter. Xponance Inc. now owns 15,862 shares of the company's stock valued at $82,000 after buying an additional 2,400 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of 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 purchasing an additional 2,483 shares in the last quarter. Institutional investors own 29.87% of the company's stock.

QuantumScape Trading Down 2.4 %

Shares of NYSE:QS traded down $0.12 on Monday, hitting $4.69. 19,857,758 shares of the company's stock were exchanged, compared to its average volume of 15,495,463. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -4.98 and a beta of 4.45. The business's 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.37. QuantumScape has a 12 month low of $4.58 and a 12 month high of $9.52.

QuantumScape (NYSE:QS - Get Free Report) last posted its 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). Analysts anticipate that QuantumScape will post -0.82 EPS for the current fiscal year.

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.