QuantumScape (NYSE:QS) Trading 0.9% Higher

Shares of QuantumScape Co. (NYSE:QS) were up 0.9% during trading on Tuesday . The company traded as high as $5.96 and last traded at $5.87. Approximately 1,654,622 shares changed hands during trading, a decline of 84% from the average daily volume of 10,194,324 shares. The stock had previously closed at $5.82.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. HSBC initiated coverage on shares of QuantumScape in a research note on Monday, December 4th. They issued a “reduce” rating and a $4.70 price objective on the stock. William Blair assumed coverage on QuantumScape in a report on Monday, December 18th. They issued a “market perform” rating for the company. Truist Financial raised their target price on QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Robert W. Baird raised their price target on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, QuantumScape has an average rating of “Hold” and an average price target of $6.71.

QuantumScape Stock Up 8.2 %

The stock has a market cap of $3.08 billion, a P/E ratio of -6.48 and a beta of 4.80. The stock’s fifty day simple moving average is $6.50 and its 200-day simple moving average is $6.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.98 and a quick ratio of 18.98.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the company posted ($0.25) earnings per share. On average, research analysts anticipate that QuantumScape Co. will post -0.87 earnings per share for the current year.

Insider Activity at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 21,840 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $6.17, for a total value of $134,752.80. Following the sale, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $6.51, for a total transaction of $225,291.57. Following the transaction, the chief financial officer now owns 575,936 shares of the company’s stock, valued at approximately $3,749,343.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the sale, the insider now directly owns 731,629 shares of the company’s stock, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold a total of 478,279 shares of company stock worth $3,584,735 in the last ninety days. 10.18% of the stock is owned by insiders.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC bought a new position in QuantumScape during the fourth quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its stake in shares of QuantumScape by 49.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company’s stock worth $34,000 after acquiring an additional 1,704 shares in the last quarter. Spire Wealth Management grew its holdings in shares of QuantumScape by 39.0% in the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of QuantumScape during the second quarter worth $39,000. Finally, Level Financial Advisors Inc. purchased a new stake in shares of QuantumScape during the third quarter valued at $42,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.