QuantumScape Target of Unusually Large Options Trading (NYSE:QS)

QuantumScape Co. (NYSE:QS - Get Free Report) saw unusually large options trading on Tuesday. Traders purchased 44,281 call options on the stock. This represents an increase of 94% compared to the typical volume of 22,858 call options.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on QS shares. UBS Group cut QuantumScape from a "neutral" rating to a "sell" rating and dropped their price target for the company from $5.00 to $2.50 in a research note on Thursday, April 10th. Truist Financial reduced their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Robert W. Baird reduced their target price on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their target price on QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a report on Monday, April 28th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.19.

Insider Transactions at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 71,428 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $4.41, for a total transaction of $314,997.48. Following the completion of the transaction, the insider now owns 1,640,998 shares of the company's stock, valued at $7,236,801.18. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Fritz Prinz sold 61,523 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $3.94, for a total value of $242,400.62. Following the transaction, the director now directly owns 231,530 shares of the company's stock, valued at approximately $912,228.20. This trade represents a 20.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.03% of the company's stock.

Hedge Funds Weigh In On QuantumScape

Hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of QuantumScape during the fourth quarter worth about $1,275,000. Raymond James Financial Inc. acquired a new stake in QuantumScape in the fourth quarter valued at approximately $1,527,000. Charles Schwab Investment Management Inc. boosted its position in shares of QuantumScape by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock valued at $12,103,000 after buying an additional 104,894 shares during the last quarter. Vanguard Group Inc. grew its holdings in QuantumScape by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock worth $168,367,000 after buying an additional 956,072 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in QuantumScape by 1,091.5% during the fourth quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock worth $2,244,000 after buying an additional 396,160 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Price Performance

NYSE:QS traded down $0.28 during trading hours on Thursday, hitting $3.98. The company's stock had a trading volume of 10,547,681 shares, compared to its average volume of 11,473,552. The stock has a fifty day simple moving average of $3.97 and a 200-day simple moving average of $4.67. QuantumScape has a twelve month low of $3.40 and a twelve month high of $9.52. The company has a market capitalization of $2.22 billion, a P/E ratio of -4.23 and a beta of 4.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the prior year, the company posted ($0.24) earnings per share. On average, analysts anticipate that QuantumScape will post -0.82 EPS for the current fiscal 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.