QuantumScape (NYSE:QS) Trading Up 8.4% - Still a Buy?

QuantumScape Co. (NYSE:QS - Get Free Report)'s share price traded up 8.4% on Monday . The stock traded as high as $4.43 and last traded at $4.48. 2,957,138 shares changed hands during trading, a decline of 74% from the average session volume of 11,502,165 shares. The stock had previously closed at $4.13.

Analysts Set New Price Targets

A number of research firms recently weighed in on QS. 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. Evercore ISI reiterated a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research report on Monday, April 28th. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, Robert W. Baird reduced their price objective on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.19.

QuantumScape Trading Down 3.0%

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 business's 50-day simple moving average is $4.00 and its two-hundred day simple moving average is $4.65. The company has a market capitalization of $2.50 billion, a PE ratio of -4.77 and a beta of 4.27.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter in the prior year, the business posted ($0.24) EPS. On average, analysts predict that QuantumScape Co. will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Fritz Prinz sold 61,523 shares of QuantumScape stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $3.94, for a total transaction of $242,400.62. Following the sale, the director now directly owns 231,530 shares in the company, valued at approximately $912,228.20. The trade was a 20.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Singh sold 71,428 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $4.41, for a total transaction of $314,997.48. Following the completion of the transaction, the insider now directly owns 1,640,998 shares of the company's stock, valued at approximately $7,236,801.18. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.03% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of QuantumScape by 456.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company's stock valued at $19,799,000 after purchasing an additional 3,904,168 shares during the period. Norges Bank acquired a new stake in shares of QuantumScape in the 4th quarter valued at approximately $17,762,000. Vanguard Group Inc. boosted its stake in shares of QuantumScape by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company's stock valued at $147,064,000 after purchasing an additional 2,911,362 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QuantumScape by 55.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock valued at $30,183,000 after purchasing an additional 2,066,844 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in QuantumScape during the 1st quarter worth approximately $2,819,000. Institutional investors and hedge funds own 29.87% of the company's stock.

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.