QuantumScape (NYSE:QS) Trading 4.8% Higher

QuantumScape Co. (NYSE:QS)’s stock price traded up 4.8% during mid-day trading on Tuesday . The company traded as high as $5.69 and last traded at $5.65. 2,031,553 shares changed hands during trading, a decline of 78% from the average session volume of 9,344,412 shares. The stock had previously closed at $5.39.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird boosted their price objective on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Truist Financial decreased their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, QuantumScape presently has a consensus rating of “Hold” and an average price target of $6.46.

QuantumScape Stock Performance

The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $6.00 and a 200 day moving average price of $6.43.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same period last year, the company posted ($0.25) earnings per share. Research analysts forecast that QuantumScape Co. will post -0.96 EPS for the current year.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the sale, the director now owns 292,644 shares in the company, valued at approximately $1,966,567.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the transaction, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The disclosure for this sale can be found here. Insiders have sold a total of 194,970 shares of company stock worth $1,250,775 in the last ninety days. 10.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Oak Harbor Wealth Partners LLC lifted its stake in shares of QuantumScape by 99.6% in the 1st quarter. Oak Harbor Wealth Partners LLC now owns 143,499 shares of the company’s stock valued at $903,000 after purchasing an additional 71,600 shares during the period. PFG Investments LLC bought a new position in QuantumScape during the 1st quarter valued at approximately $102,000. HighPoint Advisor Group LLC bought a new position in QuantumScape during the 4th quarter valued at approximately $97,000. Vanguard Group Inc. increased its position in QuantumScape by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock valued at $207,306,000 after buying an additional 796,723 shares in the last quarter. Finally, Clarity Capital Partners LLC bought a new position in QuantumScape during the 4th quarter valued at approximately $374,000. Hedge funds and other 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.