QuantumScape Co. (NYSE:QS) Receives Average Rating of “Hold” from Brokerages

Shares of QuantumScape Co. (NYSE:QS) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.06.

Several brokerages recently issued reports on QS. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. Truist Financial cut their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Evercore ISI lowered their price target on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th.

QuantumScape Trading Down 2.9 %

QuantumScape stock opened at $5.18 on Monday. The firm has a 50-day moving average of $5.29 and a 200-day moving average of $5.40. QuantumScape has a one year low of $4.65 and a one year high of $9.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company has a market cap of $2.65 billion, a price-to-earnings ratio of -5.51 and a beta of 4.45.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, equities analysts expect that QuantumScape will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In other news, Director Jagdeep Singh sold 308,097 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the transaction, the director now directly owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. This trade represents a 10.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $5.06, for a total transaction of $186,961.94. Following the transaction, the chief financial officer now directly owns 1,024,325 shares in the company, valued at $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 615,216 shares of company stock valued at $3,327,157. 12.03% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after acquiring an additional 133,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of QuantumScape by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock worth $33,671,000 after acquiring an additional 218,743 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of QuantumScape during the 3rd quarter worth approximately $828,000. SG Americas Securities LLC boosted its position in shares of QuantumScape by 127.0% during the 4th quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock worth $1,062,000 after acquiring an additional 114,504 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of QuantumScape by 326.5% during the 3rd quarter. Barclays PLC now owns 104,333 shares of the company’s stock worth $599,000 after acquiring an additional 79,871 shares in the last quarter. 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.