Susquehanna Fundamental Investments LLC Takes $644,000 Position in QuantumScape Co. (NYSE:QS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of QuantumScape Co. (NYSE:QS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 130,832 shares of the company’s stock, valued at approximately $644,000.

Other large investors have also made changes to their positions in the company. CWM LLC raised its holdings in shares of QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after acquiring an additional 2,556 shares during the period. Mather Group LLC. acquired a new stake in shares of QuantumScape during the second quarter valued at approximately $36,000. StepStone Group LP acquired a new stake in shares of QuantumScape during the fourth quarter valued at approximately $56,000. Alaska Wealth Advisors acquired a new stake in shares of QuantumScape during the second quarter valued at approximately $49,000. Finally, Evergreen Wealth Solutions LLC acquired a new position in QuantumScape in the 1st quarter valued at approximately $64,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on QS shares. Wolfe Research started coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Truist Financial reiterated a “hold” rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, QuantumScape currently has a consensus rating of “Hold” and an average target price of $5.95.

Insider Buying and Selling

In related news, insider Michael O. Mccarthy III sold 222,476 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total transaction of $1,463,892.08. Following the completion of the sale, the insider now directly owns 1,283,847 shares of the company’s stock, valued at approximately $8,447,713.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total transaction of $76,931.68. Following the completion of the sale, the director now directly owns 254,103 shares of the company’s stock, valued at approximately $1,514,453.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael O. Mccarthy III sold 222,476 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total transaction of $1,463,892.08. Following the transaction, the insider now owns 1,283,847 shares of the company’s stock, valued at $8,447,713.26. The disclosure for this sale can be found here. In the last three months, insiders sold 1,264,684 shares of company stock valued at $7,593,977. Company insiders own 10.18% of the company’s stock.

QuantumScape Stock Performance

QS stock opened at $5.56 on Thursday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -5.79 and a beta of 4.59. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03. The firm has a 50 day moving average of $5.87 and a two-hundred day moving average of $5.86.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period in the prior year, the company earned ($0.26) EPS. As a group, equities analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

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.