Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for QuantumScape (NYSE:QS)

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of QuantumScape (NYSE:QS) in a research report released on Tuesday, Marketbeat Ratings reports. They currently have a $6.00 price objective on the stock.

A number of other brokerages have also commented on QS. Wolfe Research assumed coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an underperform rating for the company. Truist Financial reaffirmed a hold rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $6.53.

QuantumScape Price Performance

Shares of NYSE:QS opened at $5.79 on Tuesday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $6.31 and a 200 day moving average price of $5.88. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -6.03 and a beta of 4.60. QuantumScape has a twelve month low of $4.67 and a twelve month high of $10.03.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same period last year, the company earned ($0.26) EPS. Research analysts predict that QuantumScape will post -0.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Fritz Prinz sold 25,816 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $4.87, for a total value of $125,723.92. Following the sale, the director now directly owns 267,011 shares in the company, valued at approximately $1,300,343.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Mohit Singh sold 173,224 shares of QuantumScape stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $7.04, for a total transaction of $1,219,496.96. Following the completion of the transaction, the insider now directly owns 1,196,905 shares of the company’s stock, valued at approximately $8,426,211.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fritz Prinz sold 25,816 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.87, for a total transaction of $125,723.92. Following the completion of the transaction, the director now owns 267,011 shares in the company, valued at $1,300,343.57. The disclosure for this sale can be found here. Insiders sold a total of 920,011 shares of company stock worth $5,518,791 over the last quarter. Company insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of QS. Spire Wealth Management lifted its position in QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares in the last quarter. CWM LLC grew its stake in shares of QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of QuantumScape in the second quarter valued at approximately $36,000. StepStone Group LP bought a new position in QuantumScape in the 4th quarter worth approximately $56,000. Finally, Alaska Wealth Advisors acquired a new position in QuantumScape during the 2nd quarter worth $49,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Company Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.