Brokerages Set QuantumScape Corporation (NYSE:QS) Target Price at $11.13

Shares of QuantumScape Corporation (NYSE:QS) have received a consensus rating of “Reduce” from the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.4667.

Separately, TD Cowen dropped their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Friday, July 24th.

QuantumScape Stock Up 5.4%

Shares of NYSE QS opened at $5.23 on Friday. QuantumScape has a 1 year low of $4.77 and a 1 year high of $19.07. The firm has a 50-day simple moving average of $7.13 and a two-hundred day simple moving average of $7.52. The company has a market cap of $3.22 billion, a P/E ratio of -6.46 and a beta of 2.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, July 22nd. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the prior year, the firm posted ($0.20) EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. Research analysts anticipate that QuantumScape will post -0.82 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other news, CTO Timothy Holme sold 102,991 shares of QuantumScape stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total transaction of $749,774.48. Following the completion of the sale, the chief technology officer directly owned 1,712,506 shares in the company, valued at approximately $12,467,043.68. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Hettrich sold 9,800 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total transaction of $71,344.00. Following the sale, the chief financial officer directly owned 1,816,257 shares of the company’s stock, valued at $13,222,350.96. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 737,540 shares of company stock valued at $5,967,115. Corporate insiders own 3.93% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new position in QuantumScape in the 4th quarter worth about $25,000. Russell Investments Group Ltd. raised its stake in shares of QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after acquiring an additional 3,311 shares in the last quarter. Albion Financial Group UT boosted its holdings in shares of QuantumScape by 200.0% in the fourth quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,000 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of QuantumScape by 373.6% in the fourth quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock valued at $41,000 after purchasing an additional 3,071 shares during the period. Finally, Danske Bank A S bought a new position in QuantumScape in the fourth quarter worth approximately $48,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.