QuantumScape (NYSE:QS) Shares Down 4.9%

QuantumScape Co. (NYSE:QS) shares were down 4.9% on Monday . The stock traded as low as $7.68 and last traded at $7.72. Approximately 5,485,760 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 9,341,861 shares. The stock had previously closed at $8.12.

Analyst Ratings Changes

Several analysts recently commented on QS shares. UBS Group reduced their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Truist Financial reduced their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.45.

QuantumScape Trading Down 7.2 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -7.78 and a beta of 4.62. The firm has a fifty day moving average price of $5.94 and a 200-day moving average price of $6.19.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). As a group, equities analysts anticipate that QuantumScape Co. will post -0.89 EPS for the current year.

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 25,816 shares of QuantumScape stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.87, for a total value of $125,723.92. Following the transaction, the director now directly owns 267,011 shares of the company’s stock, valued at $1,300,343.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Fritz Prinz sold 25,816 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $4.87, for a total value of $125,723.92. Following the sale, the director now directly owns 267,011 shares of the company’s stock, valued at $1,300,343.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jagdeep Singh sold 192,280 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $5.85, for a total value of $1,124,838.00. Following the transaction, the director now directly owns 2,809,253 shares of the company’s stock, valued at approximately $16,434,130.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 847,562 shares of company stock valued at $4,869,703. Company insiders own 10.18% of the company’s stock.

Institutional Trading of QuantumScape

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of QuantumScape by 23.3% during the third quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after buying an additional 5,483,319 shares in the last quarter. Raymond James & Associates grew its position in QuantumScape by 14.0% during the 4th quarter. Raymond James & Associates now owns 25,786 shares of the company’s stock worth $179,000 after acquiring an additional 3,158 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in QuantumScape by 6.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 301,079 shares of the company’s stock worth $2,092,000 after purchasing an additional 17,470 shares during the last quarter. Armor Investment Advisors LLC lifted its holdings in QuantumScape by 25.1% during the 4th quarter. Armor Investment Advisors LLC now owns 55,986 shares of the company’s stock worth $389,000 after buying an additional 11,246 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in shares of QuantumScape by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock valued at $77,000 after buying an additional 2,861 shares during the period. 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.