QuantumScape Corporation (NYSE:QS) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of QuantumScape Corporation (NYSE:QS) have earned an average rating of “Reduce” from the nine research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.1667.

Several brokerages recently issued reports on QS. HSBC lowered QuantumScape from a “hold” rating to a “reduce” rating and raised their target price for the stock from $5.30 to $10.50 in a research report on Wednesday, November 19th. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a research note on Thursday, October 30th. Evercore reissued an “in-line” rating and set a $12.00 target price (up previously from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Morgan Stanley initiated coverage on shares of QuantumScape in a report on Monday, December 8th. They set an “equal weight” rating and a $12.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the stock a “hold” rating in a research report on Thursday, October 23rd.

Insider Activity

In other QuantumScape news, CTO Timothy Holme sold 201,785 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $12.51, for a total transaction of $2,524,330.35. Following the sale, the chief technology officer owned 1,251,383 shares of the company’s stock, valued at approximately $15,654,801.33. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dipender Saluja sold 2,613,121 shares of QuantumScape stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.01, for a total value of $28,770,462.21. Following the completion of the transaction, the director directly owned 9,892,934 shares of the company’s stock, valued at approximately $108,921,203.34. This trade represents a 20.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,257,169 shares of company stock worth $48,407,629 in the last three months. Corporate insiders own 5.48% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently modified their holdings of QS. Tsfg LLC lifted its position in shares of QuantumScape by 233.3% during the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,400 shares during the period. REAP Financial Group LLC increased its stake in QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in QuantumScape in the fourth quarter valued at $25,000. Russell Investments Group Ltd. raised its holdings in shares of QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after purchasing an additional 3,311 shares during the period. Finally, North Capital Inc. bought a new position in shares of QuantumScape during the 2nd quarter worth about $27,000. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Trading Up 9.1%

Shares of NYSE QS opened at $8.47 on Monday. The firm has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $11.62. The stock has a market cap of $5.09 billion, a P/E ratio of -10.46 and a beta of 2.51. QuantumScape has a 52-week low of $3.40 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

About QuantumScape

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.