QuantumScape (NYSE:QS) Stock Price Down 2%

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) fell 2% on Friday . The stock traded as low as $5.86 and last traded at $5.93. 1,443,858 shares were traded during trading, a decline of 85% from the average session volume of 9,557,548 shares. The stock had previously closed at $6.05.

Analysts Set New Price Targets

Several brokerages have weighed in on QS. Robert W. Baird increased their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. William Blair began coverage on shares of QuantumScape in a research note on Monday, December 18th. They set a "market perform" rating for the company. Finally, Truist Financial increased their target price on shares of QuantumScape from $7.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, February 16th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.71.

QuantumScape Price Performance

The firm has a market cap of $2.88 billion, a price-to-earnings ratio of -6.18 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. The company's 50-day moving average price is $6.34 and its 200-day moving average price is $6.49.

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 the consensus estimate of ($0.19) by ($0.04). During the same period last year, the business earned ($0.25) EPS. On average, equities research analysts forecast that QuantumScape Co. will post -0.87 EPS for the current year.

Insider Transactions at QuantumScape

In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction that occurred 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 owns 554,553 shares of the company's stock, valued at approximately $3,626,776.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 194,970 shares of company stock valued at $1,250,775. 10.18% of the stock is currently owned by corporate insiders.

Institutional Trading of QuantumScape

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of QuantumScape by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company's stock worth $207,306,000 after buying an additional 796,723 shares during the last quarter. BlackRock Inc. lifted its position in shares of QuantumScape by 9.7% during the 2nd quarter. BlackRock Inc. now owns 13,035,638 shares of the company's stock worth $104,155,000 after buying an additional 1,148,137 shares during the last quarter. Morgan Stanley lifted its position in shares of QuantumScape by 52.1% during the 3rd quarter. Morgan Stanley now owns 4,310,857 shares of the company's stock worth $28,840,000 after buying an additional 1,476,799 shares during the last quarter. State Street Corp lifted its position in shares of QuantumScape by 4.9% during the 2nd quarter. State Street Corp now owns 4,233,576 shares of the company's stock worth $33,826,000 after buying an additional 198,244 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of QuantumScape by 9.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,115,749 shares of the company's stock valued at $32,885,000 after acquiring an additional 348,329 shares during the period. Hedge funds and other 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.