QuantumScape Co. (NYSE:QS) Receives Consensus Recommendation of "Reduce" from Analysts

QuantumScape Co. (NYSE:QS - Get Free Report) has been given a consensus rating of "Reduce" by the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.19.

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

QuantumScape Stock Up 3.8%

NYSE:QS traded up $0.15 during mid-day trading on Wednesday, reaching $4.13. The company's stock had a trading volume of 8,170,815 shares, compared to its average volume of 11,495,575. QuantumScape has a 1 year low of $3.40 and a 1 year high of $9.52. The stock has a fifty day moving average of $3.97 and a 200-day moving average of $4.66. The firm has a market capitalization of $2.31 billion, a PE ratio of -4.39 and a beta of 4.27. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data 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 prior year, the firm earned ($0.24) EPS. Equities research analysts forecast that QuantumScape will post -0.82 earnings per share for the current year.

Insider Activity at QuantumScape

In related news, insider Mohit Singh sold 71,428 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $4.41, for a total value of $314,997.48. Following the transaction, the insider now owns 1,640,998 shares in the company, valued at approximately $7,236,801.18. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fritz Prinz sold 61,523 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $3.94, for a total transaction of $242,400.62. Following the completion of the transaction, the director now owns 231,530 shares in the company, valued at approximately $912,228.20. This trade represents a 20.99% decrease in their position. The disclosure for this sale can be found here. 12.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QuantumScape

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after purchasing an additional 4,556 shares during the period. KBC Group NV grew its stake in shares of QuantumScape by 14.0% during the 4th quarter. KBC Group NV now owns 59,982 shares of the company's stock worth $311,000 after purchasing an additional 7,360 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of QuantumScape during the 4th quarter worth approximately $26,000. Empowered Funds LLC acquired a new stake in shares of QuantumScape during the 4th quarter worth approximately $53,000. Finally, Powell Investment Advisors LLC acquired a new stake in shares of QuantumScape during the 4th quarter worth approximately $119,000. 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.