QuantumScape (NYSE:QS) Trading 2.1% Higher

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) traded up 2.1% during trading on Thursday . The stock traded as high as $6.26 and last traded at $6.23. 1,358,949 shares were traded during trading, a decline of 86% from the average session volume of 9,832,427 shares. The stock had previously closed at $6.10.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Robert W. Baird increased their price target on QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Truist Financial increased their price objective on QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Friday, February 16th. Finally, William Blair began coverage on QuantumScape in a research report on Monday, December 18th. They issued a "market perform" rating for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, QuantumScape has a consensus rating of "Hold" and a consensus price target of $6.71.

QuantumScape Stock Performance

The stock has a market capitalization of $2.92 billion, a P/E ratio of -6.14 and a beta of 4.76. The firm has a 50-day moving average of $6.43 and a 200 day moving average of $6.51. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same period in the previous year, the company earned ($0.25) earnings per share. Research analysts anticipate that QuantumScape Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total transaction of $226,329.78. Following the completion of the transaction, the chief financial officer now directly owns 554,553 shares of the company's stock, valued at $3,626,776.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total transaction of $226,329.78. Following the completion of the transaction, the chief financial officer now directly owns 554,553 shares of the company's stock, valued at $3,626,776.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape 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 transaction, the insider now directly owns 731,629 shares of the company's stock, valued at $4,514,150.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 160,363 shares of company stock valued at $1,038,288. 10.18% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighPoint Advisor Group LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at $97,000. Vanguard Group Inc. increased its position 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 purchasing an additional 796,723 shares during the period. Clarity Capital Partners LLC acquired a new stake in QuantumScape in the fourth quarter worth about $374,000. Price T Rowe Associates Inc. MD increased its position in QuantumScape by 20.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 271,824 shares of the company's stock worth $1,890,000 after purchasing an additional 46,641 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in QuantumScape by 18.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 141,657 shares of the company's stock worth $985,000 after purchasing an additional 21,821 shares during the period. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.