Dimensional Fund Advisors LP Buys 2,066,844 Shares of QuantumScape Co. (NYSE:QS)

Dimensional Fund Advisors LP lifted its stake in QuantumScape Co. (NYSE:QS - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,814,127 shares of the company's stock after acquiring an additional 2,066,844 shares during the period. Dimensional Fund Advisors LP owned approximately 1.13% of QuantumScape worth $30,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QS. Heck Capital Advisors LLC acquired a new stake in shares of QuantumScape during the fourth quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after purchasing an additional 4,556 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at $53,000. Empowered Funds LLC bought a new stake in QuantumScape during the 4th quarter worth about $53,000. Finally, Essex Financial Services Inc. acquired a new stake in QuantumScape in the 4th quarter valued at about $54,000. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Stock Up 3.2 %

Shares of QuantumScape stock traded up $0.12 on Thursday, hitting $3.99. The company had a trading volume of 10,351,753 shares, compared to its average volume of 10,829,003. QuantumScape Co. has a twelve month low of $3.40 and a twelve month high of $9.52. 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 50-day moving average of $4.09 and a 200-day moving average of $4.82. The firm has a market capitalization of $2.23 billion, a P/E ratio of -4.25 and a beta of 4.38.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter in the previous year, the business earned ($0.24) earnings per share. Research analysts predict that QuantumScape Co. will post -0.82 earnings per share for the current year.

Insider Activity at QuantumScape

In related news, insider Michael O. Mccarthy III sold 76,315 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the transaction, the insider now owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. This represents a 7.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the 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 in the company, valued at approximately $1,191,658.14. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,198 shares of company stock valued at $748,796. 12.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group downgraded QuantumScape from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research report on Monday, April 28th. Truist Financial lowered 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. Robert W. Baird cut their price target on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Evercore ISI restated a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, QuantumScape currently has an average rating of "Hold" and a consensus price target of $5.19.

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.