QuantumScape Corporation (NYSE:QS) Receives $11.13 Average Target Price from Analysts

Shares of QuantumScape Corporation (NYSE:QSGet Free Report) have been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.4667.

Separately, TD Cowen decreased their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday.

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QuantumScape Price Performance

NYSE:QS opened at $4.89 on Friday. QuantumScape has a 1 year low of $4.81 and a 1 year high of $19.07. The stock has a 50-day moving average price of $7.33 and a two-hundred day moving average price of $7.68. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -6.04 and a beta of 2.61. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QSGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. QuantumScape’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted ($0.20) EPS. As a group, equities analysts expect that QuantumScape will post -0.82 earnings per share for the current year.

Insider Activity at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total value of $71,344.00. Following the transaction, the chief financial officer owned 1,816,257 shares of the company’s stock, valued at approximately $13,222,350.96. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Timothy Holme sold 102,991 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total transaction of $749,774.48. Following the completion of the transaction, the chief technology officer owned 1,712,506 shares of the company’s stock, valued at $12,467,043.68. This trade represents a 5.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 737,540 shares of company stock worth $5,967,115 over the last 90 days. Corporate insiders own 3.93% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. increased its holdings in QuantumScape by 8.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after purchasing an additional 939 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of QuantumScape by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 62,023 shares of the company’s stock valued at $646,000 after purchasing an additional 1,275 shares during the period. GAMMA Investing LLC lifted its holdings in shares of QuantumScape by 34.1% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the company’s stock valued at $53,000 after purchasing an additional 1,285 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of QuantumScape by 8.5% in the second quarter. Baird Financial Group Inc. now owns 18,575 shares of the company’s stock valued at $125,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in shares of QuantumScape by 3.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 46,237 shares of the company’s stock worth $482,000 after buying an additional 1,516 shares during the period. 29.87% of the stock is owned by institutional investors.

QuantumScape Company Profile

(Get Free Report)

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.

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