Nebula Research & Development LLC Takes Position in QuantumScape Co. (NYSE:QS)

Nebula Research & Development LLC purchased a new position in shares of QuantumScape Co. (NYSE:QS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 96,723 shares of the company's stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QS. Vanguard Group Inc. lifted its position 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 purchasing an additional 956,072 shares during the period. Geode Capital Management LLC raised its holdings in shares of QuantumScape by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company's stock worth $30,538,000 after buying an additional 28,073 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of QuantumScape by 55.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock worth $30,183,000 after buying an additional 2,066,844 shares during the last quarter. Norges Bank acquired a new stake in QuantumScape in the fourth quarter valued at about $17,762,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of QuantumScape by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock worth $12,103,000 after acquiring an additional 104,894 shares during the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Trading Down 2.4 %

Shares of QS stock traded down $0.10 on Monday, hitting $3.90. The company had a trading volume of 3,969,571 shares, compared to its average volume of 10,761,680. 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 Co. has a twelve month low of $3.40 and a twelve month high of $9.52. The stock's 50-day moving average is $4.15 and its two-hundred day moving average is $4.85. The firm has a market cap of $2.18 billion, a P/E ratio of -4.15 and a beta of 4.38.

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

Analysts Set New Price Targets

Several brokerages recently commented on QS. Truist Financial dropped their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. UBS Group cut QuantumScape from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. The Goldman Sachs Group cut their price target on QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research note on Monday, April 28th. Robert W. Baird lowered their price objective on QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI reiterated 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 given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.19.

Insiders Place Their Bets

In other QuantumScape news, 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now owns 228,287 shares of the company's stock, valued at approximately $1,191,658.14. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,198 shares of company stock worth $748,796. 12.03% of the stock is owned by corporate insiders.

QuantumScape 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.