Shares of QuantumScape Co. (NYSE:QS - Get Free Report) have received a consensus rating of "Reduce" from the seven ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.26.
QS has been the topic of several recent research reports. Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Truist Financial reaffirmed a "hold" rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th.
View Our Latest Analysis on QuantumScape
QuantumScape Stock Down 0.5 %
Shares of QS traded down $0.03 during trading hours on Thursday, hitting $5.18. 16,979,060 shares of the stock traded hands, compared to its average volume of 15,179,653. The business has a fifty day moving average of $5.29 and a 200-day moving average of $5.61. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape has a 1-year low of $4.65 and a 1-year high of $9.52.
Insiders Place Their Bets
In other news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total transaction of $65,056.32. Following the completion of the sale, the director now owns 241,195 shares of the company's stock, valued at $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares in the company, valued at $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 573,409 shares of company stock worth $3,090,581. Company insiders own 12.03% of the company's stock.
Hedge Funds Weigh In On QuantumScape
Several hedge funds have recently made changes to their positions in QS. Heck Capital Advisors LLC bought a new stake in QuantumScape during the fourth quarter worth about $26,000. Signaturefd LLC increased its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after purchasing an additional 2,148 shares during the last quarter. International Assets Investment Management LLC raised its stake 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 in the last quarter. Blue Trust Inc. boosted its holdings in shares of QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after buying an additional 4,556 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of QuantumScape in the second quarter valued at $52,000. 29.87% of the stock is owned by institutional investors.
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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