QuantumScape Co. (NYSE:QS) Receives $6.06 Consensus Target Price from Analysts

Shares of QuantumScape Co. (NYSE:QS) have earned an average recommendation of “Reduce” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.06.

A number of equities research analysts have recently issued reports on QS shares. Evercore ISI reissued a “hold” rating on shares of QuantumScape in a research note on Tuesday, February 25th. Truist Financial dropped their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th.

QuantumScape Price Performance

Shares of QS stock opened at $4.54 on Friday. 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 capitalization of $2.48 billion, a PE ratio of -4.83 and a beta of 4.45. The firm’s 50-day moving average is $4.89 and its two-hundred day moving average is $5.22. QuantumScape has a 12 month low of $4.05 and a 12 month high of $9.52.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Analysts predict that QuantumScape will post -0.82 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 36,949 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the sale, the chief financial officer now directly owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the sale, the insider now directly owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. This trade represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 277,452 shares of company stock valued at $1,542,942 in the last ninety days. Company insiders own 12.03% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

A number of large investors have recently modified their holdings of QS. Vanguard Group Inc. raised its position in shares of QuantumScape by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock worth $168,367,000 after acquiring an additional 956,072 shares in the last quarter. State Street Corp increased its stake in QuantumScape by 1.5% in the third quarter. State Street Corp now owns 5,918,496 shares of the company’s stock valued at $34,031,000 after purchasing an additional 87,563 shares during the last quarter. Geode Capital Management LLC raised its holdings in QuantumScape by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company’s stock worth $30,538,000 after purchasing an additional 28,073 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of QuantumScape by 55.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock worth $30,183,000 after buying an additional 2,066,844 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of QuantumScape in the 4th quarter valued at $17,762,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.