Analysts Set QuantumScape Co. (NYSE:QS) Target Price at $6.26

QuantumScape Co. (NYSE:QS) has received a consensus rating of “Reduce” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.26.

Several equities analysts have commented on QS shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Truist Financial reaffirmed a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Wolfe Research initiated coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating for the company. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a report on Tuesday, November 19th.

Insider Activity

In other news, Director Jagdeep Singh sold 192,270 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $5.99, for a total value of $1,151,697.30. Following the completion of the transaction, the director now owns 2,590,583 shares in the company, valued at $15,517,592.17. This trade represents a 6.91 % 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, insider Michael O. Mccarthy III sold 27,305 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $5.07, for a total transaction of $138,436.35. Following the transaction, the insider now owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 858,302 shares of company stock worth $4,701,379 in the last 90 days. 12.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC increased its stake in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares during the last quarter. CWM LLC lifted its holdings in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares during the period. Alaska Wealth Advisors acquired a new stake in shares of QuantumScape in the second quarter worth approximately $49,000. Finally, Centaurus Financial Inc. purchased a new stake in QuantumScape in the second quarter valued at approximately $52,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Trading Down 0.8 %

Shares of QS stock opened at $4.89 on Wednesday. QuantumScape has a fifty-two week low of $4.65 and a fifty-two week high of $10.03. The company has a 50 day moving average price of $5.21 and a 200 day moving average price of $5.67. The stock has a market capitalization of $2.51 billion, a P/E ratio of -5.15 and a beta of 4.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the firm posted ($0.23) earnings per share. Equities research analysts predict that QuantumScape will post -0.99 EPS for the current fiscal 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.