QuantumScape (NYSE:QS) Trading Up 1.1%

QuantumScape Co. (NYSE:QS - Get Free Report) traded up 1.1% on Tuesday . The stock traded as high as $6.41 and last traded at $6.21. 2,239,057 shares were traded during mid-day trading, a decline of 77% from the average session volume of 9,622,767 shares. The stock had previously closed at $6.14.

Analysts Set New Price Targets

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

QuantumScape Stock Performance

The stock has a market capitalization of $3.11 billion, a PE ratio of -6.53 and a beta of 4.77. The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03. The business's 50 day moving average is $6.38 and its 200 day moving average is $6.49.

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

Insider Activity

In related news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the sale, the chief financial officer now directly owns 554,553 shares in the company, valued at $3,626,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey B. Straubel sold 69,309 shares of the company's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the transaction, the director now owns 292,644 shares in the company, valued at $1,966,567.68. The disclosure for this sale can be found here. Insiders sold a total of 194,970 shares of company stock valued at $1,250,775 in the last quarter. 10.18% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

Several hedge funds have recently modified their holdings of QS. Bank of New York Mellon Corp boosted its stake in shares of QuantumScape by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 778,770 shares of the company's stock worth $15,569,000 after buying an additional 72,570 shares during the period. US Bancorp DE increased its stake in shares of QuantumScape by 78.5% during the 1st quarter. US Bancorp DE now owns 11,310 shares of the company's stock worth $226,000 after purchasing an additional 4,975 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of QuantumScape by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 65,502 shares of the company's stock worth $1,309,000 after purchasing an additional 8,253 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in shares of QuantumScape by 18.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 20,611 shares of the company's stock worth $412,000 after purchasing an additional 3,253 shares in the last quarter. Finally, Citigroup Inc. grew its stake in QuantumScape by 10.4% in the 1st quarter. Citigroup Inc. now owns 88,582 shares of the company's stock worth $1,771,000 after acquiring an additional 8,342 shares during the period. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.