QuantumScape Co. (NYSE:QS) Receives Consensus Rating of “Reduce” from Analysts

Shares of QuantumScape Co. (NYSE:QS) have been given a consensus recommendation of “Reduce” by the nine ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.09.

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

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total transaction of $226,329.78. Following the transaction, the chief financial officer now directly owns 554,553 shares of the company’s stock, valued at $3,626,776.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total transaction of $226,329.78. Following the completion of the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now directly owns 731,629 shares in the company, valued at approximately $4,514,150.93. The disclosure for this sale can be found here. Insiders sold 194,970 shares of company stock valued at $1,250,775 in the last three months. 10.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Spire Wealth Management grew its holdings in shares of QuantumScape by 39.0% in the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 purchasing an additional 5,296 shares during the period. C M Bidwell & Associates Ltd. increased its stake in QuantumScape by 37.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,835 shares in the last quarter. CWM LLC increased its stake in QuantumScape by 31.1% in the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares in the last quarter. Finally, StepStone Group LP acquired a new stake in QuantumScape during the 4th quarter worth about $56,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Price Performance

QS opened at $5.50 on Tuesday. The company has a market capitalization of $2.73 billion, a P/E ratio of -5.73 and a beta of 4.77. The company has a 50-day moving average of $5.90 and a 200-day moving average of $6.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. QuantumScape has a 1-year low of $4.92 and a 1-year high of $13.86.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same quarter in the previous year, the company earned ($0.25) earnings per share. Equities analysts expect that QuantumScape will post -0.95 EPS for the current fiscal 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.