QuantumScape Corporation (NYSE:QS) Receives $9.17 Consensus PT from Analysts

QuantumScape Corporation (NYSE:QS) has received a consensus rating of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.6875.

QS has been the topic of several research analyst reports. Morgan Stanley began coverage on QuantumScape in a research note on Monday, December 8th. They issued an “equal weight” rating and a $12.00 price objective on the stock. Robert W. Baird set a $12.00 price target on shares of QuantumScape in a research report on Thursday. TD Cowen reissued a “hold” rating on shares of QuantumScape in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of QuantumScape and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, HSBC cut shares of QuantumScape from a “hold” rating to a “reduce” rating and upped their price target for the stock from $5.30 to $10.50 in a research report on Wednesday, November 19th.

Insider Buying and Selling

In other QuantumScape news, Director Dipender Saluja sold 2,613,121 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.01, for a total value of $28,770,462.21. Following the completion of the transaction, the director owned 9,892,934 shares in the company, valued at $108,921,203.34. This represents a 20.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $10.59, for a total transaction of $103,782.00. Following the sale, the chief financial officer owned 1,485,138 shares in the company, valued at $15,727,611.42. This represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,257,169 shares of company stock worth $48,407,629 over the last three months. 5.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC increased its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after buying an additional 750 shares during the period. Vontobel Holding Ltd. increased its position in shares of QuantumScape by 0.7% during the third quarter. Vontobel Holding Ltd. now owns 120,753 shares of the company’s stock worth $1,488,000 after acquiring an additional 810 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of QuantumScape by 5.7% in the third quarter. Wedmont Private Capital now owns 15,115 shares of the company’s stock worth $186,000 after acquiring an additional 815 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in QuantumScape by 8.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after purchasing an additional 939 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in QuantumScape by 67.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock valued at $31,000 after purchasing an additional 1,005 shares during the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Stock Down 0.4%

Shares of NYSE QS opened at $7.73 on Monday. The stock has a market capitalization of $4.65 billion, a PE ratio of -9.54 and a beta of 2.51. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $10.41 and a 200-day moving average of $11.50. QuantumScape has a 52-week low of $3.40 and a 52-week high of $19.07.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). During the same period last year, the firm earned ($0.22) earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts anticipate that QuantumScape will post -0.82 EPS for the current year.

About QuantumScape

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.