Farther Finance Advisors LLC Has $78,000 Position in QuantumScape Co. (NYSE:QS)

Farther Finance Advisors LLC lifted its position in shares of QuantumScape Co. (NYSE:QS) by 32.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,521 shares of the company’s stock after purchasing an additional 3,310 shares during the period. Farther Finance Advisors LLC’s holdings in QuantumScape were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC lifted its position in QuantumScape by 11.7% during the first quarter. SG Americas Securities LLC now owns 75,158 shares of the company’s stock worth $473,000 after purchasing an additional 7,879 shares during the period. Swiss National Bank raised its position in shares of QuantumScape by 9.3% during the first quarter. Swiss National Bank now owns 678,800 shares of the company’s stock worth $4,270,000 after acquiring an additional 58,000 shares during the last quarter. Entropy Technologies LP bought a new position in QuantumScape during the first quarter worth $92,000. HBK Sorce Advisory LLC boosted its position in shares of QuantumScape by 23.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 26,537 shares of the company’s stock valued at $167,000 after purchasing an additional 4,986 shares in the last quarter. Finally, Resolute Advisors LLC bought a new position in QuantumScape during the first quarter worth $189,000. Institutional investors own 29.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on QS. Truist Financial reissued a “hold” rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Wolfe Research started coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating for the company. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.14.

QuantumScape Stock Performance

QuantumScape stock opened at $4.84 on Wednesday. QuantumScape Co. has a fifty-two week low of $4.67 and a fifty-two week high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock has a market cap of $2.48 billion, a P/E ratio of -5.19 and a beta of 4.60. The firm’s fifty day moving average price is $5.54 and its 200-day moving average price is $5.78.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the firm posted ($0.23) earnings per share. On average, equities research analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total transaction of $189,992.43. Following the transaction, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other QuantumScape news, insider Michael O. Mccarthy III sold 50,575 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total value of $302,944.25. Following the completion of the sale, the insider now owns 1,184,745 shares in the company, valued at approximately $7,096,622.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total value of $189,992.43. Following the sale, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 711,321 shares of company stock worth $4,138,097 in the last quarter. 12.03% of the stock is owned by insiders.

QuantumScape 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.