QuantumScape Corporation (NYSE:QS) Given Average Rating of "Reduce" by Analysts

Key Points

• Analysts rate QuantumScape “Reduce” on average: One analyst recommends selling while five maintain hold ratings, with an average 12-month price target of $9.47. TD Cowen recently cut its target from $8 to $6 and kept a hold rating.
• Company insiders have been selling shares: Executives sold 660,434 shares worth $5.36 million over the past quarter. The CFO and CTO reduced their holdings by 0.54% and 8.07%, respectively.
• QuantumScape remains a high-risk, development-stage company: Shares opened at $6.12, well below the 200-day moving average of $7.13, while analysts expect a full-year loss of $0.82 per share despite the latest quarterly loss coming in slightly better than expected.

Shares of QuantumScape Corporation (NYSE:QS - Get Free Report) have been given an average rating of "Reduce" by the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.4667.

Separately, TD Cowen lowered their price objective on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating for the company in a report on Friday, July 24th.

Insiders Place Their Bets

In other news, CFO Kevin Hettrich sold 9,800 shares of the firm's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total transaction of $71,344.00. Following the transaction, the chief financial officer directly owned 1,816,257 shares of the company's stock, valued at approximately $13,222,350.96. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Timothy Holme sold 150,320 shares of QuantumScape stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $9.30, for a total value of $1,397,976.00. Following the completion of the transaction, the chief technology officer owned 1,712,506 shares in the company, valued at approximately $15,926,305.80. This represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 660,434 shares of company stock worth $5,360,833. 3.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

Institutional investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its stake in QuantumScape by 8.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company's stock worth $153,000 after purchasing an additional 939 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of QuantumScape by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 62,023 shares of the company's stock valued at $646,000 after purchasing an additional 1,275 shares during the period. Baird Financial Group Inc. boosted its stake in shares of QuantumScape by 8.5% during the second quarter. Baird Financial Group Inc. now owns 18,575 shares of the company's stock valued at $125,000 after purchasing an additional 1,450 shares during the period. Bank of Montreal Can grew its holdings in shares of QuantumScape by 5.5% in the fourth quarter. Bank of Montreal Can now owns 29,968 shares of the company's stock worth $312,000 after purchasing an additional 1,559 shares during the last quarter. Finally, &PARTNERS grew its holdings in shares of QuantumScape by 7.5% in the fourth quarter. &PARTNERS now owns 22,949 shares of the company's stock worth $239,000 after purchasing an additional 1,596 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Stock Performance

Shares of NYSE QS opened at $6.12 on Tuesday. The stock's 50-day moving average is $6.46 and its 200 day moving average is $7.13. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -7.56 and a beta of 2.66. QuantumScape has a 1-year low of $4.77 and a 1-year high of $19.07. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same period in the previous year, the business posted ($0.20) earnings per share. QuantumScape's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that QuantumScape will post -0.82 EPS for the current fiscal year.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company's core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape's product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.

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