QuantumScape Co. (NYSE:QS) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in shares of QuantumScape Co. (NYSE:QS) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,199 shares of the company’s stock after purchasing an additional 2,997 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in QuantumScape were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at $26,000. Blue Trust Inc. increased its holdings in shares of QuantumScape by 208.8% in 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 during the period. Atlas Legacy Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at $53,000. Empowered Funds LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at $53,000. Finally, Essex Financial Services Inc. acquired a new position in shares of QuantumScape in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Upgrades and Downgrades

QS has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group cut their target price on shares of QuantumScape from $3.00 to $2.50 and set a “sell” rating on the stock in a report on Monday, April 28th. Robert W. Baird lowered their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. UBS Group lowered shares of QuantumScape from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.19.

QuantumScape Price Performance

Shares of NYSE QS opened at $4.73 on Friday. The firm has a market capitalization of $2.64 billion, a P/E ratio of -5.03 and a beta of 4.38. QuantumScape Co. has a one year low of $3.40 and a one year high of $9.52. The company’s fifty day moving average is $4.08 and its two-hundred day moving average is $4.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same period in the prior year, the firm posted ($0.24) EPS. Analysts forecast that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the completion of the transaction, the director now owns 228,287 shares of the company’s stock, valued at $1,191,658.14. The trade was a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $399,127.45. Following the transaction, the insider now directly owns 1,010,523 shares of the company’s stock, valued at $5,285,035.29. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,198 shares of company stock worth $748,796. Corporate insiders own 12.03% 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.