QuantumScape (NYSE:QS) Stock Price Up 0.7%

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) rose 0.7% during trading on Wednesday . The company traded as high as $5.60 and last traded at $5.45. Approximately 7,522,461 shares were traded during trading, an increase of 29% from the average daily volume of 5,834,106 shares. The stock had previously closed at $5.41.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Robert W. Baird lifted their price target on QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Three 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's stock. Based on data from MarketBeat, QuantumScape has a consensus rating of "Hold" and an average target price of $6.71.

QuantumScape Price Performance

The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. The business's 50-day moving average is $6.22 and its two-hundred day moving average is $6.46. The company has a market capitalization of $2.76 billion, a P/E ratio of -5.81 and a beta of 4.76.

QuantumScape (NYSE:QS - Get Free Report) last released 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 quarter in the prior year, the company earned ($0.25) EPS. As a group, analysts predict that QuantumScape Co. will post -0.87 earnings per share for the current year.

Insider Activity at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the sale, the chief financial officer now owns 1,178,512 shares of the company's stock, valued at $7,236,063.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Jeffrey B. Straubel sold 69,309 shares of the business'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 sale, the director now owns 292,644 shares of the company's stock, valued at $1,966,567.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the sale, the chief financial officer now directly owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The disclosure for this sale can be found here. Insiders have sold 194,970 shares of company stock valued at $1,250,775 over the last ninety days. Corporate insiders own 10.18% of the company's stock.

Institutional Trading of QuantumScape

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

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.