Analysts Set QuantumScape Co. (NYSE:QS) PT at $6.06

Shares of QuantumScape Co. (NYSE:QS) have been assigned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.06.

A number of brokerages recently issued reports on QS. Truist Financial dropped their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Evercore ISI reaffirmed a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th.

Insider Transactions at QuantumScape

In other news, Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the transaction, the director now owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 36,949 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at $5,183,084.50. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 277,452 shares of company stock valued at $1,542,942 in the last ninety days. Corporate insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in QuantumScape during the 4th quarter worth $17,762,000. Dimensional Fund Advisors LP increased its stake in shares of QuantumScape by 55.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock valued at $30,183,000 after buying an additional 2,066,844 shares during the period. Vanguard Group Inc. raised its holdings in shares of QuantumScape by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock valued at $168,367,000 after acquiring an additional 956,072 shares in the last quarter. Centiva Capital LP lifted its stake in QuantumScape by 479.0% in the fourth quarter. Centiva Capital LP now owns 558,715 shares of the company’s stock worth $2,900,000 after acquiring an additional 462,218 shares during the period. Finally, American Century Companies Inc. lifted its stake in QuantumScape by 1,091.5% in the fourth quarter. American Century Companies Inc. now owns 432,455 shares of the company’s stock worth $2,244,000 after acquiring an additional 396,160 shares during the period. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Stock Up 0.9 %

Shares of NYSE:QS opened at $4.70 on Friday. The firm has a market capitalization of $2.57 billion, a P/E ratio of -5.00 and a beta of 4.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock has a 50 day moving average price of $4.86 and a 200-day moving average price of $5.21. QuantumScape has a 52-week low of $4.05 and a 52-week high of $9.52.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, equities research analysts anticipate that QuantumScape will post -0.82 EPS 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.