QuantumScape Corporation (NYSE:QS) Receives Consensus Recommendation of “Reduce” from Analysts

QuantumScape Corporation (NYSE:QS) has been assigned an average rating of “Reduce” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $8.9750.

A number of equities analysts recently weighed in on the stock. TD Cowen restated a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Evercore reiterated an “in-line” rating and issued a $12.00 price target (up from $8.00) on shares of QuantumScape in a research note on Monday, November 24th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and decreased their price objective for the company from $10.50 to $8.30 in a research report on Wednesday, February 18th. Robert W. Baird set a $12.00 target price on shares of QuantumScape in a report on Thursday, February 12th. Finally, Morgan Stanley cut their target price on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th.

QuantumScape Stock Performance

Shares of NYSE QS opened at $6.90 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $11.28. The stock has a market capitalization of $4.23 billion, a PE ratio of -8.52 and a beta of 2.51. QuantumScape has a 52 week low of $3.40 and a 52 week high of $19.07.

QuantumScape (NYSE:QS) last posted its quarterly 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). The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.22) earnings per share. Analysts predict that QuantumScape will post -0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other QuantumScape news, CTO Timothy Holme sold 127,077 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $6.86, for a total value of $871,748.22. Following the sale, the chief technology officer owned 1,108,182 shares in the company, valued at $7,602,128.52. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $6.76, for a total value of $66,248.00. Following the completion of the sale, the chief financial officer directly owned 1,358,079 shares of the company’s stock, valued at approximately $9,180,614.04. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,497,048 shares of company stock worth $36,719,803 over the last ninety days. 5.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuantumScape

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

QuantumScape Company Profile

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.