QuantumScape (NYSE:QS) Shares Up 5.5%

QuantumScape Co. (NYSE:QS - Get Free Report) shot up 5.5% during trading on Tuesday . The stock traded as high as $6.42 and last traded at $6.30. 5,822,032 shares were traded during trading, a decline of 35% from the average session volume of 8,914,682 shares. The stock had previously closed at $5.97.

Analysts Set New Price Targets

QS has been the topic of a number of research reports. UBS Group reduced their target price on shares of QuantumScape from $9.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Robert W. Baird boosted 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. Finally, Truist Financial decreased their price objective on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.09.

QuantumScape Trading Up 4.9 %

The stock has a market cap of $3.13 billion, a PE ratio of -6.52 and a beta of 4.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The business has a 50-day moving average of $5.77 and a 200 day moving average of $6.39.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the business earned ($0.25) earnings per share. Equities research analysts predict that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, insider Michael O. Mccarthy III sold 21,840 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 731,629 shares of the company's stock, valued at $4,514,150.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Michael O. Mccarthy III sold 21,840 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the company's 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 completion of the sale, the chief financial officer now owns 556,302 shares of the company's stock, valued at $3,399,005.22. The disclosure for this sale can be found here. Insiders sold a total of 125,661 shares of company stock valued at $785,018 in the last ninety days. Insiders own 10.18% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Citigroup Inc. increased its position in QuantumScape by 97.7% during the third quarter. Citigroup Inc. now owns 105,065 shares of the company's stock worth $703,000 after acquiring an additional 51,934 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its position in QuantumScape by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company's stock valued at $77,000 after buying an additional 2,861 shares during the last quarter. Scotia Capital Inc. bought a new position in shares of QuantumScape in the 3rd quarter valued at about $95,000. HBK Sorce Advisory LLC grew its holdings in QuantumScape by 11.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company's stock worth $150,000 after acquiring an additional 2,264 shares during the period. Finally, Simplicity Solutions LLC bought a new stake in shares of QuantumScape in the 4th quarter valued at about $719,000. 29.87% of the stock is 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.