Brokerages Set QuantumScape Co. (NYSE:QS) Price Target at $6.06

QuantumScape Co. (NYSE:QS) has been assigned an average rating of “Reduce” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.06.

A number of research firms recently issued reports on QS. Evercore ISI restated a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. Truist Financial dropped their price objective 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.

Insider Activity

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares in the company, valued at $5,183,084.50. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,147 shares of company stock valued at $935,758. Company insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QS. Heck Capital Advisors LLC acquired a new stake in QuantumScape in the 4th quarter valued at about $26,000. Raiffeisen Bank International AG acquired a new stake in QuantumScape during the fourth quarter valued at approximately $29,000. Blue Trust Inc. boosted its holdings in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after buying an additional 4,556 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new position in QuantumScape in the fourth quarter worth approximately $53,000. Finally, Empowered Funds LLC bought a new position in shares of QuantumScape in the fourth quarter valued at $53,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Down 1.0 %

Shares of NYSE:QS opened at $4.53 on Friday. QuantumScape has a 1-year low of $4.05 and a 1-year high of $9.52. The company’s fifty day moving average is $4.83 and its two-hundred day moving average is $5.20. 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 capitalization of $2.47 billion, a price-to-earnings ratio of -4.81 and a beta of 4.45.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Equities analysts anticipate that QuantumScape will post -0.82 EPS for the current year.

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.