QuantumScape (NYSE:QS) Price Target Lowered to $5.00 at UBS Group

QuantumScape (NYSE:QS - Get Free Report) had its target price reduced by research analysts at UBS Group from $9.00 to $5.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential downside of 1.86% from the company's current price.

A number of other equities research analysts also recently issued reports on QS. Truist Financial decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research note on Monday. Robert W. Baird upped their target price on shares of QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $6.30.

QuantumScape Stock Performance

Shares of QuantumScape stock traded down $0.39 on Thursday, hitting $5.10. 12,276,009 shares of the company's stock were exchanged, compared to its average volume of 9,401,894. The stock has a market capitalization of $2.53 billion, a PE ratio of -5.21 and a beta of 4.76. 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 company has a 50-day simple moving average of $6.00 and a 200-day simple moving average of $6.43. QuantumScape has a 1 year low of $4.92 and a 1 year high of $13.86.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same period last year, the company posted ($0.25) EPS. As a group, equities analysts anticipate that QuantumScape will post -0.96 EPS for the current year.

Insider Transactions at QuantumScape

In related news, Director Jeffrey B. Straubel sold 69,309 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $6.72, for a total value of $465,756.48. Following the transaction, the director now owns 292,644 shares of the company's stock, valued at approximately $1,966,567.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other QuantumScape news, insider Michael O. Mccarthy III sold 21,840 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the transaction, the insider now owns 731,629 shares of the company's stock, valued at approximately $4,514,150.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 194,970 shares of company stock worth $1,250,775. 10.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Armor Investment Advisors LLC boosted its stake in QuantumScape by 48.0% in the first quarter. Armor Investment Advisors LLC now owns 82,832 shares of the company's stock valued at $521,000 after acquiring an additional 26,846 shares in the last quarter. Oak Harbor Wealth Partners LLC grew its stake in QuantumScape by 99.6% during the 1st quarter. Oak Harbor Wealth Partners LLC now owns 143,499 shares of the company's stock worth $903,000 after buying an additional 71,600 shares during the last quarter. PFG Investments LLC acquired a new position in QuantumScape during the 1st quarter valued at about $102,000. HighPoint Advisor Group LLC acquired a new position in QuantumScape during the 4th quarter valued at about $97,000. Finally, Vanguard Group Inc. boosted its holdings in QuantumScape by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company's stock worth $207,306,000 after acquiring an additional 796,723 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

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.