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

Shares of QuantumScape Corporation (NYSE:QS) have received a consensus rating of “Reduce” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.9750.

Several brokerages recently issued reports on QS. TD Cowen restated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and cut their price objective for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Morgan Stanley cut their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price objective on QuantumScape in a research report on Thursday, February 12th.

QuantumScape Price Performance

Shares of NYSE:QS opened at $6.34 on Tuesday. The business’s 50 day simple moving average is $7.37 and its 200-day simple moving average is $11.05. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of -7.83 and a beta of 2.54. 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 has a 12 month low of $3.40 and a 12 month high of $19.07.

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

Insider Buying and Selling

In related news, CTO Timothy Holme sold 127,077 shares of QuantumScape stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $7.10, for a total transaction of $902,246.70. Following the completion of the transaction, the chief technology officer directly owned 1,122,348 shares in the company, valued at $7,968,670.80. The trade was a 10.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael O. Mccarthy III sold 45,000 shares of QuantumScape stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.73, for a total value of $302,850.00. Following the transaction, the insider owned 954,219 shares of the company’s stock, valued at $6,421,893.87. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 676,725 shares of company stock worth $4,587,359 in the last ninety days. Insiders own 5.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in QuantumScape by 333.5% in the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock valued at $115,938,000 after acquiring an additional 8,559,554 shares during the last quarter. Renaissance Technologies LLC acquired a new position in QuantumScape in the 4th quarter valued at $84,584,000. Vanguard Group Inc. raised its holdings in QuantumScape by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock valued at $426,793,000 after acquiring an additional 4,323,829 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in QuantumScape by 456.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock valued at $19,799,000 after acquiring an additional 3,904,168 shares during the last quarter. Finally, Man Group plc acquired a new position in QuantumScape in the 3rd quarter valued at $44,421,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.