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

QuantumScape Co. (NYSE:QS) has earned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.06.

A number of brokerages have recently commented on QS. Truist Financial reduced 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. Evercore ISI restated a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th.

Insider Transactions at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 76,315 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total transaction of $399,127.45. Following the sale, the insider now directly owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. The trade was a 7.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the stock in a transaction dated 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 transaction, the insider now owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. This 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 worth $1,542,942 over the last ninety days. 12.03% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

Institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in QuantumScape in the fourth quarter valued at $26,000. Raiffeisen Bank International AG acquired a new stake in QuantumScape in the 4th quarter valued at about $29,000. Blue Trust Inc. increased its holdings in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after acquiring an additional 4,556 shares in the last quarter. Empowered Funds LLC acquired a new position in QuantumScape during the fourth quarter worth about $53,000. Finally, Atlas Legacy Advisors LLC acquired a new position in QuantumScape during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Trading Up 2.0 %

QS opened at $4.54 on Friday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -4.83 and a beta of 4.45. QuantumScape has a 52 week low of $4.05 and a 52 week high of $9.52. The business’s 50 day moving average is $4.89 and its two-hundred day moving average is $5.22. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). On average, research analysts predict that QuantumScape will post -0.82 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.