Norden Group LLC Acquires New Stake in QuantumScape Co. (NYSE:QS)

Norden Group LLC acquired a new stake in QuantumScape Co. (NYSE:QS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,544 shares of the company’s stock, valued at approximately $143,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape in the fourth quarter worth about $26,000. International Assets Investment Management LLC lifted its stake in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after purchasing an additional 4,228 shares in the last quarter. Blue Trust Inc. lifted its stake in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after purchasing an additional 4,556 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of QuantumScape during the 4th quarter worth approximately $53,000. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on QS shares. Hsbc Global Res raised QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. HSBC raised shares of 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. Truist Financial cut their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.06.

QuantumScape Trading Up 1.0 %

NYSE QS opened at $4.47 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market capitalization of $2.29 billion, a P/E ratio of -4.75 and a beta of 4.45. The firm’s 50-day moving average is $5.22 and its two-hundred day moving average is $5.35. QuantumScape Co. has a 12 month low of $4.05 and a 12 month high of $9.52.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, sell-side analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mohit Singh sold 97,305 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the sale, the insider now directly owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. This represents a 8.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the sale, the insider now owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. This trade represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 585,549 shares of company stock worth $3,175,856 over the last ninety days. Corporate insiders own 12.03% of the company’s stock.

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.