Nwam LLC Makes New Investment in QuantumScape Co. (NYSE:QS)

Nwam LLC bought a new position in shares of QuantumScape Co. (NYSE:QS) during the 3rd quarter, Holdings Channel reports. The fund bought 11,165 shares of the company’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds have also made changes to their positions in QS. Signaturefd LLC raised its holdings in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the last quarter. International Assets Investment Management LLC raised 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 worth $29,000 after buying an additional 4,228 shares during the last quarter. CWM LLC boosted its position in shares of QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after buying an additional 2,556 shares in the last quarter. Mather Group LLC. acquired a new stake in QuantumScape in the 2nd quarter valued at about $36,000. Finally, Alaska Wealth Advisors purchased a new position in QuantumScape during the 2nd quarter valued at about $49,000. 29.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QuantumScape

In related news, Director Jagdeep Singh sold 192,270 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the completion of the sale, the director now owns 2,590,583 shares of the company’s stock, valued at approximately $15,517,592.17. This represents a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 55,647 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total transaction of $281,017.35. Following the completion of the transaction, the chief financial officer now owns 1,022,743 shares in the company, valued at $5,164,852.15. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 702,057 shares of company stock worth $3,982,909 in the last ninety days. Insiders own 12.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Truist Financial restated a “hold” rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a research note on Tuesday, November 19th. Finally, Wolfe Research started coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and a consensus price target of $6.26.

QuantumScape Stock Down 3.4 %

Shares of NYSE:QS opened at $5.17 on Wednesday. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -5.44 and a beta of 4.60. The stock’s 50-day moving average price is $5.39 and its two-hundred day moving average price is $5.74. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $10.03.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter in the previous year, the firm posted ($0.23) EPS. On average, research analysts forecast that QuantumScape Co. will post -0.99 EPS for the current year.

QuantumScape 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.