QuantumScape (NYSE:QS) Shares Down 2.2%

QuantumScape Co. (NYSE:QS - Get Free Report) shares fell 2.2% during trading on Monday . The company traded as low as $5.63 and last traded at $5.68. 2,028,130 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 9,508,585 shares. The stock had previously closed at $5.81.

Analysts Set New Price Targets

Several analysts have weighed in on QS shares. 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 research note on Friday, February 16th. Robert W. Baird boosted their price target on shares of QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Finally, William Blair initiated coverage on shares of QuantumScape in a research report on Monday, December 18th. They set a "market perform" rating on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.71.

QuantumScape Trading Down 6.8 %

The stock has a fifty day moving average of $6.29 and a 200 day moving average of $6.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. The company has a market capitalization of $2.68 billion, a PE ratio of -5.64 and a beta of 4.77.

QuantumScape (NYSE:QS - Get Free Report) last posted 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 last year, the company 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 fiscal year.

Insider Activity at QuantumScape

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

Institutional Trading of QuantumScape

A number of large investors have recently made changes to their positions in the company. Clear Street Markets LLC acquired a new stake in QuantumScape during the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its position in QuantumScape by 49.6% during the third quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company's stock worth $34,000 after buying an additional 1,704 shares in the last quarter. Spire Wealth Management increased its position in QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company's stock worth $35,000 after buying an additional 1,500 shares in the last quarter. Level Financial Advisors Inc. purchased a new position in QuantumScape during the third quarter worth $42,000. Finally, International Assets Investment Management LLC increased its position in QuantumScape by 595.1% during the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company's stock worth $43,000 after buying an additional 5,296 shares in the last quarter. 29.87% of the stock is 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.