QuantumScape Co. (NYSE:QS) Receives Average Rating of "Reduce" from Brokerages

QuantumScape Co. (NYSE:QS - Get Free Report) has been given a consensus rating of "Reduce" by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.06.

QS has been the subject of a number of analyst reports. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a report on Tuesday. Truist Financial dropped their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research report on Tuesday, November 19th.

QuantumScape Stock Down 2.1 %

QS stock traded down $0.11 during trading on Monday, hitting $4.81. 11,777,310 shares of the company's stock traded hands, compared to its average volume of 15,380,650. The firm has a market capitalization of $2.46 billion, a P/E ratio of -5.11 and a beta of 4.45. The business has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $5.39. QuantumScape has a 1 year low of $4.65 and a 1 year high of $9.52. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

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

Insider Activity

In related news, CFO Kevin Hettrich sold 29,667 shares of QuantumScape stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.10, for a total transaction of $151,301.70. Following the sale, the chief financial officer now directly owns 1,024,325 shares of the company's stock, valued at $5,224,057.50. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jagdeep Singh sold 308,097 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the transaction, the director now owns 2,563,767 shares of the company's stock, valued at approximately $13,587,965.10. This represents a 10.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 615,216 shares of company stock valued at $3,327,157 over the last three months. Insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Several hedge funds have recently bought and sold shares of the company. Signaturefd LLC lifted its position in 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 in the last quarter. Heck Capital Advisors LLC bought a new stake in QuantumScape during the fourth quarter worth $26,000. International Assets Investment Management LLC lifted its stake in shares of QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of QuantumScape in the fourth quarter worth $29,000. Finally, Blue Trust Inc. raised its stake in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after buying an additional 4,556 shares during 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.