QuantumScape (NYSE:QS) Trading 1.4% Higher

QuantumScape Co. (NYSE:QS - Get Free Report) shares traded up 1.4% during mid-day trading on Friday . The stock traded as high as $5.98 and last traded at $5.98. 1,227,579 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 9,775,287 shares. The stock had previously closed at $5.90.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QS shares. William Blair started coverage on QuantumScape in a report on Monday, December 18th. They issued a "market perform" rating for the company. Robert W. Baird upped their target price on QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, Truist Financial increased their price target on QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, QuantumScape currently has a consensus rating of "Hold" and an average price target of $6.71.

QuantumScape Stock Up 1.5 %

The firm has a 50 day moving average of $6.41 and a 200 day moving average of $6.50. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -6.24 and a beta of 4.76. 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 released 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 last year, the business earned ($0.25) earnings per share. As a group, sell-side analysts predict that QuantumScape Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.11, for a total value of $211,448.77. Following the transaction, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.11, for a total value of $211,448.77. Following the transaction, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the transaction, the insider now owns 731,629 shares in the company, valued at approximately $4,514,150.93. The disclosure for this sale can be found here. Insiders sold 160,363 shares of company stock valued at $1,038,288 over the last 90 days. Company insiders own 10.18% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of QuantumScape by 23.3% during the third quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company's stock valued at $194,221,000 after acquiring an additional 5,483,319 shares during the last quarter. Norges Bank purchased a new position in shares of QuantumScape in the fourth quarter valued at $18,482,000. Morgan Stanley boosted its stake in QuantumScape by 52.1% during the third quarter. Morgan Stanley now owns 4,310,857 shares of the company's stock valued at $28,840,000 after buying an additional 1,476,799 shares during the period. BlackRock Inc. boosted its stake in QuantumScape by 9.7% during the second quarter. BlackRock Inc. now owns 13,035,638 shares of the company's stock valued at $104,155,000 after buying an additional 1,148,137 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in QuantumScape by 53.6% during the third quarter. Baillie Gifford & Co. now owns 2,581,225 shares of the company's stock valued at $17,268,000 after buying an additional 900,249 shares during the period. Institutional investors own 29.87% of the company's stock.

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.