Analysts Set QuantumScape Co. (NYSE:QS) PT at $6.71

Shares of QuantumScape Co. (NYSE:QS) have earned an average rating of “Reduce” from the eight ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.71.

QS has been the subject of a number of research reports. Robert W. Baird increased their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Truist Financial increased their target price on shares of QuantumScape from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, William Blair initiated coverage on shares of QuantumScape in a report on Monday, December 18th. They issued a “market perform” rating for the company.

QuantumScape Trading Up 2.1 %

Shares of QuantumScape stock opened at $6.27 on Friday. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -6.53 and a beta of 4.77. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. QuantumScape has a 12-month low of $4.99 and a 12-month high of $13.86. The firm’s 50-day moving average price is $6.38 and its two-hundred day moving average price is $6.49.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the business posted ($0.25) EPS. On average, analysts forecast that QuantumScape will post -0.87 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In related news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other QuantumScape news, insider Michael O. Mccarthy III sold 21,840 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now owns 731,629 shares in the company, valued at approximately $4,514,150.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total transaction of $226,329.78. Following the transaction, the chief financial officer now owns 554,553 shares of the company’s stock, valued at approximately $3,626,776.62. The disclosure for this sale can be found here. Insiders sold a total of 194,970 shares of company stock worth $1,250,775 in the last quarter. 10.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in QuantumScape by 97.7% during the 3rd quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock worth $703,000 after purchasing an additional 51,934 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its position in shares of QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after buying an additional 2,861 shares during the period. Scotia Capital Inc. acquired a new stake in shares of QuantumScape during the 3rd quarter worth approximately $95,000. Vanguard Group Inc. grew its position in shares of QuantumScape by 23.3% during the 3rd quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after buying an additional 5,483,319 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of QuantumScape during the 4th quarter worth approximately $326,000. Institutional investors own 29.87% of the company’s stock.

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.