QuantumScape Corporation (NYSE:QS) Receives Consensus Rating of “Reduce” from Analysts

QuantumScape Corporation (NYSE:QS) has earned a consensus rating of “Reduce” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $8.9750.

Several brokerages have issued reports on QS. Evercore restated an “in-line” rating and issued a $12.00 price target (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research note on Thursday, February 12th. Morgan Stanley decreased their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and cut their target price for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $6.76, for a total transaction of $66,248.00. Following the completion of the sale, the chief financial officer owned 1,358,079 shares of the company’s stock, valued at approximately $9,180,614.04. This represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael O. Mccarthy III sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.73, for a total transaction of $302,850.00. Following the transaction, the insider owned 954,219 shares of the company’s stock, valued at approximately $6,421,893.87. The trade was a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,181,572 shares of company stock valued at $44,893,020. Insiders own 5.48% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently bought and sold shares of QS. AQR Capital Management LLC bought a new stake in QuantumScape during the first quarter valued at $321,000. NewEdge Advisors LLC lifted its stake in shares of QuantumScape by 50.4% in the 1st quarter. NewEdge Advisors LLC now owns 21,224 shares of the company’s stock valued at $88,000 after purchasing an additional 7,111 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of QuantumScape by 456.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock valued at $19,799,000 after purchasing an additional 3,904,168 shares in the last quarter. Teacher Retirement System of Texas grew its stake in QuantumScape by 7.4% during the second quarter. Teacher Retirement System of Texas now owns 61,065 shares of the company’s stock worth $410,000 after purchasing an additional 4,227 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in QuantumScape during the second quarter worth approximately $87,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Trading Up 0.3%

Shares of QS stock opened at $6.82 on Friday. QuantumScape has a twelve month low of $3.40 and a twelve month high of $19.07. The stock’s fifty day simple moving average is $8.90 and its 200 day simple moving average is $11.34. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.10 billion, a P/E ratio of -8.42 and a beta of 2.51.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). During the same quarter in the previous year, the business earned ($0.22) earnings per share. QuantumScape’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that QuantumScape will post -0.82 EPS for the current fiscal year.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.