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

Shares of QuantumScape Co. (NYSE:QS) have earned a consensus rating of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.06.

Several research firms have commented on QS. Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a report on Tuesday. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Truist Financial dropped their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th.

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now directly owns 228,287 shares of the company’s stock, valued at $1,191,658.14. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the sale, the chief financial officer now directly owns 930,800 shares in the company, valued at approximately $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 615,216 shares of company stock worth $3,327,157 in the last ninety days. Company insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in QuantumScape by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock valued at $168,367,000 after purchasing an additional 956,072 shares during the period. State Street Corp boosted its holdings in QuantumScape by 1.5% during the 3rd quarter. State Street Corp now owns 5,918,496 shares of the company’s stock valued at $34,031,000 after acquiring an additional 87,563 shares during the period. Geode Capital Management LLC lifted its holdings in shares of QuantumScape by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company’s stock worth $30,538,000 after buying an additional 28,073 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of QuantumScape by 55.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock worth $30,183,000 after buying an additional 2,066,844 shares during the period. Finally, Norges Bank bought a new position in shares of QuantumScape in the 4th quarter worth $17,762,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Down 1.9 %

Shares of NYSE QS opened at $4.90 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape has a 52-week low of $4.65 and a 52-week high of $9.52. The firm has a 50 day moving average price of $5.28 and a 200 day moving average price of $5.39. The stock has a market cap of $2.51 billion, a P/E ratio of -5.21 and a beta of 4.45.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Analysts expect that QuantumScape will post -0.82 EPS for the current year.

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.