QuantumScape Co. (NYSE:QS) Given Consensus Recommendation of "Reduce" by Analysts

QuantumScape Co. (NYSE:QS - Get Free Report) has received an average recommendation of "Reduce" from the nine research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.19.

A number of brokerages have weighed in on QS. The Goldman Sachs Group cut their price objective on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a report on Monday, April 28th. Truist Financial dropped their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Robert W. Baird reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, Evercore ISI restated a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th.

QuantumScape Trading Down 1.3%

Shares of QuantumScape stock traded down $0.06 on Friday, hitting $4.27. 7,366,182 shares of the company's stock traded hands, compared to its average volume of 10,846,940. The company has a fifty day moving average of $4.07 and a two-hundred day moving average of $4.77. QuantumScape has a one year low of $3.40 and a one year high of $9.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -4.54 and a beta of 4.38.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter in the prior year, the company earned ($0.24) EPS. As a group, sell-side analysts expect that QuantumScape will post -0.82 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other news, insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $399,127.45. Following the transaction, the insider now directly owns 1,010,523 shares of the company's stock, valued at $5,285,035.29. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Fritz Prinz sold 12,908 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the sale, the director now directly owns 228,287 shares of the company's stock, valued at approximately $1,191,658.14. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,198 shares of company stock worth $748,796. 12.03% of the stock is owned by insiders.

Hedge Funds Weigh In On QuantumScape

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of QuantumScape by 2,086.1% during the first quarter. Signaturefd LLC now owns 6,121 shares of the company's stock worth $25,000 after purchasing an additional 5,841 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter worth approximately $26,000. Federated Hermes Inc. raised its position in shares of QuantumScape by 660.0% during the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock worth $26,000 after purchasing an additional 5,438 shares during the period. Hollencrest Capital Management boosted its holdings in shares of QuantumScape by 333.3% in the first quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock worth $27,000 after buying an additional 5,000 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in shares of QuantumScape in the fourth quarter worth $29,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.