QuantumScape (NYSE:QS) Trading 2.1% Higher

Shares of QuantumScape Co. (NYSE:QS) traded up 2.1% during trading on Monday . The company traded as high as $5.90 and last traded at $5.82. 1,499,025 shares were traded during mid-day trading, a decline of 83% from the average session volume of 9,080,685 shares. The stock had previously closed at $5.70.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird lifted their target price on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. UBS Group cut their price target on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, Truist Financial cut their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, QuantumScape has an average rating of “Hold” and a consensus price target of $6.09.

QuantumScape Stock Performance

The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -5.66 and a beta of 4.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The stock’s 50-day simple moving average is $5.82 and its two-hundred day simple moving average is $6.39.

QuantumScape (NYSE:QS) last announced 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 quarter last year, the business earned ($0.25) EPS. Analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current year.

Insider Activity at QuantumScape

In other news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the transaction, the chief financial officer now directly owns 1,178,512 shares in the company, valued at $7,236,063.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the transaction, the chief financial officer now directly owns 1,178,512 shares in the company, valued at $7,236,063.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold a total of 125,661 shares of company stock valued at $785,018 over the last quarter. 10.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds have recently modified their holdings of QS. Vanguard Group Inc. boosted its holdings in QuantumScape by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock worth $207,306,000 after purchasing an additional 796,723 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of QuantumScape by 240.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock worth $26,770,000 after buying an additional 3,004,964 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of QuantumScape by 10.3% in the 1st quarter. Baillie Gifford & Co. now owns 2,679,518 shares of the company’s stock valued at $16,854,000 after acquiring an additional 251,186 shares in the last quarter. Norges Bank bought a new stake in QuantumScape during the fourth quarter worth about $18,482,000. Finally, Board of Trustees of The Leland Stanford Junior University boosted its position in QuantumScape by 5.2% during the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 2,610,677 shares of the company’s stock valued at $18,144,000 after purchasing an additional 129,239 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.