QuantumScape Co. (NYSE:QS) Given Average Rating of “Reduce” by Analysts

Shares of QuantumScape Co. (NYSE:QS) have been given an average rating of “Reduce” by the nine analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.19.

A number of equities analysts have commented on QS shares. UBS Group downgraded shares of QuantumScape from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Robert W. Baird decreased their target price on shares of QuantumScape from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group cut their price target 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. Truist Financial decreased their price objective on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Evercore ISI restated a “hold” rating on shares of QuantumScape in a research note on Tuesday, February 25th.

QuantumScape Price Performance

NYSE QS opened at $4.06 on Friday. The company has a market cap of $2.27 billion, a PE ratio of -4.32 and a beta of 4.38. QuantumScape has a 52-week low of $3.40 and a 52-week high of $9.52. 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 firm’s 50 day moving average price is $4.08 and its 200-day moving average price is $4.81.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). During the same quarter last year, the firm posted ($0.24) earnings per share. Sell-side analysts forecast that QuantumScape will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the sale, the chief financial officer now directly owns 930,800 shares of the company’s stock, valued at approximately $4,868,084. This trade represents a 5.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the transaction, the director now directly owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,198 shares of company stock worth $748,796 in the last 90 days. Insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of QuantumScape during the 4th quarter valued at approximately $17,762,000. Vanguard Group Inc. raised its position in shares of QuantumScape by 9.0% in the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company’s stock worth $147,064,000 after acquiring an additional 2,911,362 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of QuantumScape by 55.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock worth $30,183,000 after acquiring an additional 2,066,844 shares in the last quarter. Centiva Capital LP grew its position in shares of QuantumScape by 479.0% during the 4th quarter. Centiva Capital LP now owns 558,715 shares of the company’s stock valued at $2,900,000 after acquiring an additional 462,218 shares during the period. Finally, American Century Companies Inc. grew its position in shares of QuantumScape by 1,091.5% during the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company’s stock valued at $2,244,000 after acquiring an additional 396,160 shares during the period. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Company 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.