Brokerages Set QuantumScape Corporation (NYSE:QS) Target Price at $9.90

Shares of QuantumScape Corporation (NYSE:QS) have been assigned a consensus rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.1333.

A number of research firms have recently weighed in on QS. Robert W. Baird set a $12.00 price objective on QuantumScape in a research report on Thursday, February 12th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and cut their price objective for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Morgan Stanley cut their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th.

QuantumScape Stock Down 0.4%

Shares of NYSE QS opened at $7.26 on Friday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -8.96 and a beta of 2.54. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape has a 52-week low of $3.77 and a 52-week high of $19.07. The business’s 50 day moving average is $6.79 and its two-hundred day moving average is $10.20.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the previous year, the business posted ($0.21) EPS. Research analysts predict that QuantumScape will post -0.82 EPS for the current year.

Insider Buying and Selling

In related news, CTO Timothy Holme sold 127,077 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $6.18, for a total transaction of $785,335.86. Following the completion of the transaction, the chief technology officer owned 1,108,182 shares in the company, valued at approximately $6,848,564.76. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey B. Straubel sold 27,106 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $6.17, for a total transaction of $167,244.02. Following the transaction, the director owned 158,404 shares of the company’s stock, valued at approximately $977,352.68. The trade was a 14.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 666,925 shares of company stock worth $4,483,577 over the last ninety days. Insiders own 5.48% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

Institutional investors and hedge funds have recently modified their holdings of the company. Tsfg LLC grew its stake in shares of QuantumScape by 233.3% during the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,400 shares in the last quarter. REAP Financial Group LLC grew its stake in shares of QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,500 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of QuantumScape by 538.7% during the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock worth $28,000 after purchasing an additional 1,950 shares in the last quarter. VSM Wealth Advisory LLC grew its stake in shares of QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of QuantumScape during the fourth quarter worth $25,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

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.