QuantumScape Corporation (NYSE:QS) Receives Average Recommendation of “Reduce” from Brokerages

Shares of QuantumScape Corporation (NYSE:QSGet Free Report) have earned a consensus rating of “Reduce” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.90.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and dropped their price objective for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. TD Cowen restated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 target price on shares of QuantumScape in a research note on Thursday, February 12th.

Get Our Latest Analysis on QS

Insider Transactions at QuantumScape

In related news, CFO Kevin Hettrich sold 9,800 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $6.20, for a total transaction of $60,760.00. Following the sale, the chief financial officer owned 1,357,918 shares in the company, valued at $8,419,091.60. The trade was a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael O. Mccarthy III sold 45,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.73, for a total value of $302,850.00. Following the completion of the transaction, the insider directly owned 954,219 shares of the company’s stock, valued at approximately $6,421,893.87. The trade was a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 666,925 shares of company stock worth $4,483,577. Insiders own 5.48% of the company’s stock.

Institutional Trading of QuantumScape

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tsfg LLC raised its holdings in QuantumScape by 233.3% in the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,400 shares during the last quarter. REAP Financial Group LLC grew its holdings in QuantumScape by 300.0% during the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Global Retirement Partners LLC increased its position in QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after acquiring an additional 1,950 shares during the period. VSM Wealth Advisory LLC raised its stake in shares of QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of QuantumScape during the fourth quarter valued at $25,000. 29.87% of the stock is currently owned by institutional investors.

Trending Headlines about QuantumScape

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QuantumScape Stock Performance

NYSE:QS opened at $7.21 on Friday. The stock’s 50-day simple moving average is $6.81 and its 200 day simple moving average is $10.43. The firm has a market capitalization of $4.41 billion, a PE ratio of -8.90 and a beta of 2.54. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape has a twelve month low of $3.75 and a twelve month high of $19.07.

QuantumScape (NYSE:QSGet Free Report) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (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 ($0.21) earnings per share. On average, analysts anticipate that QuantumScape will post -0.82 EPS for the current fiscal year.

QuantumScape Company Profile

(Get Free Report)

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.

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Analyst Recommendations for QuantumScape (NYSE:QS)

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