QuantumScape Co. (NYSE:QS) Receives $6.09 Consensus Price Target from Analysts

QuantumScape Co. (NYSE:QS) has received a consensus recommendation of “Reduce” from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.09.

QS has been the topic of a number of analyst reports. UBS Group decreased their price target on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird increased their price target on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Truist Financial decreased their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, April 22nd.

Insiders Place Their Bets

In other news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $6.11, for a total value of $211,448.77. Following the sale, the chief financial officer now directly owns 556,302 shares in the company, valued at $3,399,005.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the sale, the insider now directly owns 731,629 shares in the company, valued at $4,514,150.93. 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 34,607 shares of QuantumScape stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $6.11, for a total value of $211,448.77. Following the sale, the chief financial officer now owns 556,302 shares of the company’s stock, valued at approximately $3,399,005.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,661 shares of company stock worth $785,018. Insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in shares of QuantumScape by 39.0% in the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. International Assets Investment Management LLC grew its holdings in QuantumScape by 595.1% in the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after buying an additional 5,296 shares during the period. C M Bidwell & Associates Ltd. increased its stake in shares of QuantumScape by 37.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock valued at $45,000 after acquiring an additional 1,835 shares during the last quarter. CWM LLC lifted its holdings in shares of QuantumScape by 31.1% during the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after acquiring an additional 1,794 shares during the period. Finally, StepStone Group LP acquired a new stake in shares of QuantumScape in the fourth quarter worth approximately $56,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Trading Up 2.3 %

QS stock opened at $5.83 on Tuesday. The company has a fifty day moving average of $5.84 and a 200-day moving average of $6.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. QuantumScape has a one year low of $4.92 and a one year high of $13.86.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter in the previous year, the business posted ($0.25) EPS. Research analysts forecast that QuantumScape will post -0.9 EPS for the current year.

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.