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

QuantumScape Co. (NYSE:QS - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.06.

Several brokerages have commented on QS. Truist Financial lowered their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Evercore ISI reiterated a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the firm's stock in a transaction on Friday, February 21st. The shares were 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 in the company, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $186,961.94. Following the transaction, the chief financial officer now 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. Over the last quarter, insiders have sold 277,452 shares of company stock worth $1,542,942. Insiders own 12.03% of the company's stock.

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Hedge Funds Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of QuantumScape during the fourth quarter valued at approximately $17,762,000. Dimensional Fund Advisors LP increased its holdings in QuantumScape by 55.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock valued at $30,183,000 after buying an additional 2,066,844 shares during the period. Vanguard Group Inc. increased its holdings in QuantumScape by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock valued at $168,367,000 after buying an additional 956,072 shares during the period. Centiva Capital LP raised its stake in shares of QuantumScape by 479.0% in the 4th quarter. Centiva Capital LP now owns 558,715 shares of the company's stock valued at $2,900,000 after buying an additional 462,218 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of QuantumScape by 1,091.5% during the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock valued at $2,244,000 after acquiring an additional 396,160 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

QuantumScape Stock Down 1.0 %

NYSE:QS traded down $0.05 during trading hours on Friday, reaching $4.53. The company's stock had a trading volume of 8,160,967 shares, compared to its average volume of 10,419,189. 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 company has a market cap of $2.47 billion, a price-to-earnings ratio of -4.81 and a beta of 4.45. QuantumScape has a one year low of $4.05 and a one year high of $9.52. The business's 50-day moving average is $4.85 and its 200-day moving average is $5.20.

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

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.