QuantumScape Corporation (NYSE:QS) Receives Average Rating of "Reduce" from Analysts

Key Points

• QuantumScape Corporation has received an average rating of "Reduce" from analysts, with three analysts recommending a sell and seven a hold rating.
• The average twelve-month price target for QuantumScape shares is currently $5.90, with recent price objectives ranging from $2.50 to $11.00.
• Insider trading activity has increased, with notable sales by the CTO and Director totaling over $35 million in the last three months.

QuantumScape Corporation (NYSE:QS - Get Free Report) has received a consensus recommendation of "Reduce" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.90.

QS has been the topic of several recent research reports. TD Cowen raised shares of QuantumScape to a "hold" rating in a research report on Monday, July 7th. Robert W. Baird lifted their price target on shares of QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group dropped their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research report on Monday, April 28th.

Insider Activity at QuantumScape

In other news, insider Mohit Singh sold 465,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total value of $3,817,650.00. Following the sale, the insider owned 1,641,711 shares in the company, valued at approximately $13,478,447.31. This trade represents a 22.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 500,000 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $5,800,000.00. Following the completion of the sale, the insider owned 1,467,183 shares in the company, valued at approximately $17,019,322.80. The trade was a 25.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,018,040 shares of company stock worth $35,219,414. Insiders own 5.48% of the company's stock.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently bought and sold shares of the business. Marex Group plc acquired a new stake in QuantumScape during the second quarter worth $76,000. FORA Capital LLC acquired a new stake in shares of QuantumScape in the 2nd quarter valued at $240,000. Headlands Technologies LLC acquired a new stake in shares of QuantumScape in the 2nd quarter valued at $782,000. Captrust Financial Advisors boosted its stake in shares of QuantumScape by 49.6% in the 2nd quarter. Captrust Financial Advisors now owns 51,237 shares of the company's stock valued at $344,000 after purchasing an additional 16,981 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of QuantumScape by 17.7% in the 2nd quarter. Tidal Investments LLC now owns 212,211 shares of the company's stock valued at $1,426,000 after purchasing an additional 31,946 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

QuantumScape Stock Down 1.1%

QS traded down $0.0870 during midday trading on Monday, hitting $7.8230. 8,847,970 shares of the company's stock traded hands, compared to its average volume of 24,431,799. The company has a market cap of $4.43 billion, a PE ratio of -9.10 and a beta of 4.43. The stock's fifty day simple moving average is $8.31 and its 200-day simple moving average is $5.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.40 and a quick ratio of 16.40. QuantumScape has a one year low of $3.40 and a one year high of $15.03.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $36.67 million for the quarter. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. As a group, equities analysts anticipate that QuantumScape will post -0.82 earnings per share for the current fiscal year.

About QuantumScape

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.