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

Shares of QuantumScape Corporation (NYSE:QS) have received a consensus recommendation of “Reduce” from the eleven brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.1667.

Several analysts have recently weighed in on the stock. HSBC lowered shares of QuantumScape from a “hold” rating to a “reduce” rating and raised their price objective for the stock from $5.30 to $10.50 in a report on Wednesday, November 19th. Hsbc Global Res raised QuantumScape to a “moderate sell” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. TD Cowen raised their target price on QuantumScape from $5.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley assumed coverage on QuantumScape in a report on Monday, December 8th. They issued an “equal weight” rating and a $12.00 price target for the company.

Insider Buying and Selling

In related news, Director Dipender Saluja sold 2,613,121 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.01, for a total value of $28,770,462.21. Following the completion of the transaction, the director owned 9,892,934 shares in the company, valued at $108,921,203.34. The trade was a 20.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Timothy Holme sold 201,785 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $12.51, for a total value of $2,524,330.35. Following the transaction, the chief technology officer directly owned 1,251,383 shares in the company, valued at approximately $15,654,801.33. This represents a 13.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,451,039 shares of company stock valued at $83,396,735. Insiders own 5.48% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in QuantumScape in the fourth quarter valued at about $4,475,000. CoreCap Advisors LLC lifted its position in QuantumScape by 373.6% during the 4th quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock valued at $41,000 after purchasing an additional 3,071 shares during the period. 180 Wealth Advisors LLC lifted its position in QuantumScape by 20.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 164,161 shares of the company’s stock valued at $1,711,000 after purchasing an additional 27,673 shares during the period. Wedmont Private Capital boosted its stake in shares of QuantumScape by 15.8% in the 4th quarter. Wedmont Private Capital now owns 17,502 shares of the company’s stock valued at $191,000 after purchasing an additional 2,387 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of QuantumScape by 34.1% during the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the company’s stock worth $53,000 after buying an additional 1,285 shares during the period. Institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Performance

QuantumScape stock opened at $10.55 on Thursday. The firm has a market capitalization of $6.34 billion, a P/E ratio of -13.02 and a beta of 2.60. The stock has a fifty day moving average price of $11.73 and a two-hundred day moving average price of $11.72. QuantumScape has a 52-week low of $3.40 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). During the same quarter in the prior year, the business posted ($0.23) earnings per share. As a group, analysts anticipate that QuantumScape will post -0.82 EPS for the current fiscal year.

QuantumScape Company Profile

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.