QuantumScape (NYSE:QS) Stock Gets Price Target Trim from Robert W. Baird

QuantumScape (NYSE:QS) had its target price decreased by Robert W. Baird from $8.00 to $6.00 in a report released on Thursday, MarketBeat reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research firms also recently commented on QS. Morgan Stanley reduced their price objective on shares of QuantumScape from $8.50 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. TD Cowen dropped their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.36.

QuantumScape Stock Performance

Shares of QS opened at $4.03 on Thursday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -4.98 and a beta of 2.83. 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 business’s 50 day moving average is $4.99 and its two-hundred day moving average is $6.32. QuantumScape has a 52-week low of $3.80 and a 52-week high of $18.56.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 21st. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. QuantumScape’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS. Analysts forecast that QuantumScape will post -0.82 EPS for the current fiscal year.

Insider Transactions at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 75,000 shares of QuantumScape stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $5.09, for a total value of $381,750.00. Following the completion of the transaction, the chief technology officer owned 1,583,075 shares of the company’s stock, valued at $8,057,851.75. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 294,599 shares of company stock worth $1,473,271 in the last quarter. Company insiders own 3.93% of the company’s stock.

Institutional Trading of QuantumScape

A number of institutional investors and hedge funds have recently modified their holdings of QS. Handelsbanken Fonder AB grew its position in shares of QuantumScape by 145.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 308,800 shares of the company’s stock valued at $2,335,000 after buying an additional 183,000 shares during the last quarter. AXQ Capital LP lifted its holdings in QuantumScape by 313.2% in the second quarter. AXQ Capital LP now owns 463,653 shares of the company’s stock worth $3,505,000 after acquiring an additional 351,451 shares during the last quarter. Bank of New York Mellon Corp bought a new position in QuantumScape in the second quarter worth about $9,619,000. William John Sempolinski bought a new position in QuantumScape in the second quarter worth about $1,527,000. Finally, Dimensional Fund Advisors LP boosted its stake in QuantumScape by 134.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company’s stock valued at $36,570,000 after acquiring an additional 3,290,942 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting QuantumScape

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: QuantumScape reported a third-quarter loss of $84.5 million, or $0.14 per share, narrower than both the prior-year loss and analysts’ $0.17-per-share estimate. Lower operating expenses helped improve results. QuantumScape’s Q3 Loss Narrows on Lower Operating Costs
• Positive Sentiment: The company announced plans for a 100-megawatt-hour solid-state battery production line, targeted to begin production in 2028, with applications in AI data centers, aerospace and defense. QuantumScape will work with Muehlbauer Group on manufacturing automation equipment. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
• Positive Sentiment: Management said potential AI data-center customers are seeking battery supply at volume, while QuantumScape recorded its first customer billings from Honda. These developments support the company’s effort to move beyond prototype production and toward commercial demand. QuantumScape: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: The production-line plan is strategically significant but remains a 2028 target; investors still need evidence of customer commitments, financing and successful manufacturing scale-up before assigning substantial commercial value.
• Negative Sentiment: Robert W. Baird lowered its price target from $8 to $6 and maintained a neutral rating, reflecting continued uncertainty despite the potential upside. Robert W. Baird QuantumScape Rating
• Negative Sentiment: Shares remain well below their 50-day and 200-day moving averages and have fallen sharply over the past year, while commentary suggests the stock may already reflect considerable future battery-expansion optimism.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.

The company is developing prototype battery cells and related manufacturing processes for automotive applications.