QuantumScape Corporation (NYSE:QS) Receives $5.19 Consensus PT from Analysts

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

A number of equities analysts recently weighed in on the company. Robert W. Baird upped their price target on QuantumScape from $6.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday. The Goldman Sachs Group reduced their price target on QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a report on Monday, April 28th. TD Cowen raised QuantumScape to a "hold" rating in a report on Monday, July 7th. Finally, UBS Group cut QuantumScape from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $5.00 to $2.50 in a report on Thursday, April 10th.

Insiders Place Their Bets

In other news, CTO Timothy Holme sold 11,906 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $7.02, for a total transaction of $83,580.12. Following the transaction, the chief technology officer directly owned 1,661,928 shares in the company, valued at $11,666,734.56. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Fritz Prinz sold 70,187 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $11.62, for a total value of $815,572.94. Following the transaction, the director owned 161,343 shares in the company, valued at approximately $1,874,805.66. This represents a 30.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,589,468 shares of company stock worth $29,734,411. Corporate insiders own 12.03% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings in shares of QuantumScape by 2,086.1% during the 1st 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 last quarter. Heck Capital Advisors LLC acquired a new position in QuantumScape in the fourth quarter valued at approximately $26,000. Federated Hermes Inc. lifted its holdings in QuantumScape by 660.0% in the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock valued at $26,000 after acquiring an additional 5,438 shares during the last quarter. Hollencrest Capital Management lifted its holdings in QuantumScape by 333.3% in the first quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock valued at $27,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in QuantumScape in the fourth quarter valued at approximately $29,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Stock Performance

Shares of NYSE QS traded down $0.70 during trading on Thursday, reaching $11.94. 57,572,051 shares of the company traded hands, compared to its average volume of 67,467,776. The firm's fifty day simple moving average is $6.66 and its 200 day simple moving average is $5.26. The stock has a market cap of $6.67 billion, a P/E ratio of -13.88 and a beta of 4.42. QuantumScape has a 12-month low of $3.40 and a 12-month high of $15.03. The company has a current ratio of 16.66, a quick ratio of 16.66 and a debt-to-equity ratio of 0.03.

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

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.