Raymond James Financial Inc. Invests $1.53 Million in QuantumScape Co. (NYSE:QS)

Raymond James Financial Inc. purchased a new stake in QuantumScape Co. (NYSE:QS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 294,163 shares of the company's stock, valued at approximately $1,527,000. Raymond James Financial Inc. owned approximately 0.06% of QuantumScape at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of QuantumScape in the 4th quarter valued at $26,000. Blue Trust Inc. boosted its position in QuantumScape by 208.8% in the fourth 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 in the last quarter. Empowered Funds LLC bought a new stake in QuantumScape during the fourth quarter worth about $53,000. Atlas Legacy Advisors LLC acquired a new stake in shares of QuantumScape during the fourth quarter worth approximately $53,000. Finally, Essex Financial Services Inc. bought a new position in shares of QuantumScape in the fourth quarter valued at approximately $54,000. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Trading Down 4.4 %

Shares of QS stock traded down $0.18 on Friday, reaching $3.82. 13,572,334 shares of the stock were exchanged, compared to its average volume of 10,591,867. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. QuantumScape Co. has a one year low of $3.53 and a one year high of $9.52. The stock has a market cap of $2.09 billion, a PE ratio of -4.06 and a beta of 4.37. The stock has a 50 day moving average price of $4.70 and a 200 day moving average price of $5.12.

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

Insider Activity at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 53,975 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the transaction, the chief financial officer now directly owns 930,800 shares of the company's stock, valued at approximately $4,868,084. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction dated Friday, February 21st. The shares were 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,147 shares of company stock worth $935,758. 12.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on QS. Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Evercore ISI restated a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.06.

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.