Brokerages Set QuantumScape Co. (NYSE:QS) PT at $5.19

QuantumScape Co. (NYSE:QS - Get Free Report) has earned a consensus rating of "Reduce" from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.19.

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

QuantumScape Stock Up 5.0%

NYSE:QS traded up $0.21 during midday trading on Friday, hitting $4.27. 10,561,875 shares of the company were exchanged, compared to its average volume of 10,872,543. QuantumScape has a fifty-two week low of $3.40 and a fifty-two week high of $9.52. The company has a market capitalization of $2.38 billion, a PE ratio of -4.54 and a beta of 4.38. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $4.78.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the previous year, the business posted ($0.24) EPS. As a group, equities analysts anticipate that QuantumScape will post -0.82 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 76,315 shares of the firm's 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 sale, the insider now directly owns 1,010,523 shares of the company's stock, valued at approximately $5,285,035.29. This trade represents a 7.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 53,975 shares of QuantumScape stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the sale, the chief financial officer now owns 930,800 shares of the company's stock, valued at $4,868,084. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,198 shares of company stock valued at $748,796 over the last quarter. Insiders own 12.03% of the company's stock.

Hedge Funds Weigh In On QuantumScape

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company's stock valued at $25,000 after buying an additional 5,841 shares during the period. Heck Capital Advisors LLC purchased a new stake in QuantumScape during the fourth quarter valued at about $26,000. Federated Hermes Inc. increased its stake in 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 acquiring an additional 5,438 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of QuantumScape by 333.3% in the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock worth $27,000 after purchasing an additional 5,000 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in shares of QuantumScape in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 29.87% of the company's stock.

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.