QuantumScape Co. (NYSE:QS) Given Consensus Recommendation of "Reduce" by Analysts

QuantumScape Co. (NYSE:QS - Get Free Report) has earned a consensus rating of "Reduce" from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.71.

Several research analysts have weighed in on QS shares. Robert W. Baird upped their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. William Blair started coverage on shares of QuantumScape in a research report on Monday, December 18th. They set a "market perform" rating on the stock. HSBC initiated coverage on shares of QuantumScape in a research report on Monday, December 4th. They set a "reduce" rating and a $4.70 target price on the stock. Finally, Truist Financial upped their price target on shares of QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a report on Friday, February 16th.

QuantumScape Trading Up 0.2 %

NYSE QS opened at $6.04 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. The firm has a market cap of $2.99 billion, a PE ratio of -6.29 and a beta of 4.80. QuantumScape has a one year low of $4.99 and a one year high of $13.86. The firm's fifty day moving average is $6.99 and its two-hundred day moving average is $6.65.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same quarter in the prior year, the business posted ($0.25) EPS. Analysts expect that QuantumScape will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $7.62, for a total transaction of $263,705.34. Following the completion of the transaction, the chief financial officer now owns 575,936 shares of the company's stock, valued at $4,388,632.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michael O. Mccarthy III sold 21,840 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the sale, the insider now owns 731,629 shares of the company's stock, valued at $4,514,150.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $7.62, for a total transaction of $263,705.34. Following the completion of the sale, the chief financial officer now directly owns 575,936 shares of the company's stock, valued at approximately $4,388,632.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 478,279 shares of company stock valued at $3,636,992. Insiders own 10.18% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Several large investors have recently made changes to their positions in QS. Rafferty Asset Management LLC grew its holdings in QuantumScape by 65.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 50,032 shares of the company's stock valued at $335,000 after purchasing an additional 19,742 shares in the last quarter. Gotham Asset Management LLC grew its holdings in QuantumScape by 72.4% during the 3rd quarter. Gotham Asset Management LLC now owns 115,893 shares of the company's stock valued at $775,000 after purchasing an additional 48,684 shares in the last quarter. Baillie Gifford & Co. grew its holdings in QuantumScape by 53.6% during the 3rd quarter. Baillie Gifford & Co. now owns 2,581,225 shares of the company's stock valued at $17,268,000 after purchasing an additional 900,249 shares in the last quarter. California Public Employees Retirement System grew its holdings in QuantumScape by 23.5% during the 3rd quarter. California Public Employees Retirement System now owns 446,427 shares of the company's stock valued at $2,987,000 after purchasing an additional 84,982 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in QuantumScape during the 3rd quarter valued at $1,063,000. Institutional investors and hedge funds own 27.22% of the company's stock.

QuantumScape Company Profile

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. QuantumScape Corporation was founded in 2010 and is headquartered in San Jose, California.

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