QuantumScape Target of Unusually Large Options Trading (NYSE:QS)

QuantumScape Co. (NYSE:QS - Get Free Report) was the recipient of unusually large options trading activity on Monday. Investors bought 104,382 call options on the company. This represents an increase of 210% compared to the typical volume of 33,628 call options.

Analysts Set New Price Targets

A number of analysts have commented on QS shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Truist Financial reiterated a "hold" rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Finally, HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective on the stock in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, QuantumScape currently has an average rating of "Hold" and an average target price of $6.26.

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value 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. The trade was a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mohit Singh sold 97,305 shares of the company's stock in a transaction on Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the sale, the insider now owns 1,092,020 shares of the company's stock, valued at approximately $6,814,204.80. This trade represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 571,067 shares of company stock worth $3,093,612 over the last three months. 12.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuantumScape

Hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new stake in QuantumScape in the 2nd quarter worth approximately $1,950,000. American Century Companies Inc. increased its position in QuantumScape by 880.6% in the second quarter. American Century Companies Inc. now owns 352,286 shares of the company's stock worth $1,733,000 after purchasing an additional 316,361 shares during the last quarter. Geode Capital Management LLC raised its stake in QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock valued at $33,671,000 after purchasing an additional 218,743 shares in the last quarter. Weiss Asset Management LP bought a new position in QuantumScape during the third quarter valued at $828,000. Finally, Nisa Investment Advisors LLC lifted its position in QuantumScape by 6,650.0% during the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock valued at $776,000 after purchasing an additional 133,000 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

QuantumScape Price Performance

Shares of QuantumScape stock traded up $0.59 during trading hours on Monday, hitting $6.59. The company's stock had a trading volume of 35,625,711 shares, compared to its average volume of 26,201,021. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape has a 12-month low of $4.65 and a 12-month high of $9.66. The business has a 50 day moving average price of $5.18 and a two-hundred day moving average price of $5.67. The company has a market cap of $3.38 billion, a PE ratio of -6.94 and a beta of 4.46.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period last year, the company posted ($0.23) earnings per share. Analysts expect that QuantumScape will post -0.99 earnings per share for the current fiscal 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.