Analysts Set QuantumScape Co. (NYSE:QS) Price Target at $6.26

Shares of QuantumScape Co. (NYSE:QS) have earned an average recommendation of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.26.

QS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a research report on Tuesday, November 19th. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, Wolfe Research assumed coverage on QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock.

QuantumScape Trading Up 6.8 %

NYSE QS opened at $5.31 on Wednesday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -5.59 and a beta of 4.50. QuantumScape has a twelve month low of $4.65 and a twelve month high of $10.03. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $5.20 and its 200 day moving average is $5.66.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter in the previous year, the business earned ($0.23) earnings per share. As a group, sell-side analysts expect that QuantumScape will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43. Following the transaction, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $5.53, for a total value of $1,063,253.10. Following the completion of the transaction, the director now owns 2,590,583 shares in the company, valued at approximately $14,325,923.99. The trade was a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 666,032 shares of company stock valued at $3,549,682. 12.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuantumScape

Institutional investors have recently modified their holdings of the company. CWM LLC increased its stake in QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares in the last quarter. SG Americas Securities LLC increased its position in shares of QuantumScape by 49.0% during the second quarter. SG Americas Securities LLC now owns 111,989 shares of the company’s stock worth $551,000 after acquiring an additional 36,831 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of QuantumScape by 2.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock worth $392,000 after acquiring an additional 2,059 shares during the last quarter. Alaska Wealth Advisors acquired a new position in QuantumScape during the 2nd quarter valued at about $49,000. Finally, Private Advisory Group LLC increased its holdings in QuantumScape by 7.2% during the 2nd quarter. Private Advisory Group LLC now owns 570,704 shares of the company’s stock worth $2,808,000 after purchasing an additional 38,477 shares in the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

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.