QuantumScape Co. (NYSE:QS) Receives $6.14 Average Price Target from Analysts

QuantumScape Co. (NYSE:QS) has earned an average rating of “Reduce” from the eight brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $6.26.

QS has been the topic of several recent research reports. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a report on Tuesday. Wolfe Research began coverage on QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock. Truist Financial restated a “hold” rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th.

QuantumScape Stock Up 2.4 %

Shares of NYSE:QS opened at $5.16 on Friday. The business’s 50 day simple moving average is $5.41 and its two-hundred day simple moving average is $5.74. The firm has a market cap of $2.64 billion, a P/E ratio of -5.43 and a beta of 4.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape has a 52-week low of $4.65 and a 52-week high of $10.03.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period last year, the company posted ($0.23) earnings per share. As a group, research analysts forecast that QuantumScape will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling

In other QuantumScape news, Director Jurgen Leohold sold 17,435 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.00, for a total value of $104,610.00. Following the completion of the sale, the director now directly owns 194,904 shares of the company’s stock, valued at $1,169,424. This trade represents a 8.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the sale, the director now directly owns 241,195 shares of the company’s stock, valued at $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 702,057 shares of company stock worth $3,982,909. 12.03% of the stock is owned by company insiders.

Institutional Trading of QuantumScape

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after buying an additional 133,000 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of QuantumScape in the second quarter valued at $1,950,000. Sanctuary Advisors LLC purchased a new position in shares of QuantumScape in the second quarter valued at $680,000. Swiss National Bank grew its position in shares of QuantumScape by 9.3% in the first quarter. Swiss National Bank now owns 678,800 shares of the company’s stock valued at $4,270,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of QuantumScape in the second quarter valued at $644,000. 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.