Invesco Ltd. lifted its holdings in shares of QuantumScape Co. (NYSE:QS - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,550,012 shares of the company's stock after acquiring an additional 118,710 shares during the quarter. Invesco Ltd. owned 0.30% of QuantumScape worth $8,045,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in QuantumScape in the 4th quarter worth about $26,000. Blue Trust Inc. grew its stake in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after acquiring an additional 4,556 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of QuantumScape in the 4th quarter valued at approximately $53,000. Atlas Legacy Advisors LLC bought a new stake in QuantumScape in the fourth quarter worth approximately $53,000. Finally, Essex Financial Services Inc. bought a new stake in QuantumScape in the fourth quarter worth approximately $54,000. 29.87% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Fritz Prinz sold 12,908 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.22, for a total transaction of $67,379.76. Following the completion of the sale, the director now directly owns 228,287 shares in the company, valued at $1,191,658.14. This represents a 5.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the sale, the chief financial officer now owns 930,800 shares of the company's stock, 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 sold 143,198 shares of company stock valued at $748,796 over the last 90 days. Company insiders own 12.03% of the company's stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday. Evercore ISI restated a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. UBS Group cut shares of QuantumScape from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $5.00 to $2.50 in a research note on Thursday, April 10th. 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 research report on Friday, February 14th. Finally, The Goldman Sachs Group dropped their target price on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, QuantumScape currently has a consensus rating of "Hold" and a consensus price target of $5.19.
View Our Latest Stock Analysis on QuantumScape
QuantumScape Stock Performance
NYSE:QS traded up $0.03 during mid-day trading on Monday, hitting $3.97. The stock had a trading volume of 10,037,042 shares, compared to its average volume of 10,719,574. QuantumScape Co. has a twelve month low of $3.40 and a twelve month high of $9.52. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -4.22 and a beta of 4.37. The company's 50 day simple moving average is $4.24 and its 200 day simple moving average is $4.89. 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 (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the previous year, the company posted ($0.24) earnings per share. On average, equities research analysts forecast that QuantumScape Co. will post -0.82 earnings per share for the current year.
QuantumScape Company Profile
(
Free Report)
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.
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