QuantumScape Corporation (NYSE:QS) Receives $9.17 Average Price Target from Analysts

Shares of QuantumScape Corporation (NYSE:QSGet Free Report) have been given a consensus rating of “Reduce” by the nine analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.1667.

QS has been the topic of a number of recent analyst reports. Evercore restated an “in-line” rating and set a $12.00 price target (up previously from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Morgan Stanley started coverage on shares of QuantumScape in a research note on Monday, December 8th. They set an “equal weight” rating and a $12.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $10.00 price target on QuantumScape and gave the company a “hold” rating in a report on Thursday, October 23rd. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Finally, HSBC downgraded QuantumScape from a “hold” rating to a “reduce” rating and lifted their target price for the stock from $5.30 to $10.50 in a research report on Wednesday, November 19th.

Check Out Our Latest Research Report on QS

Insiders Place Their Bets

In other news, Director Jeffrey B. Straubel sold 27,106 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $11.28, for a total transaction of $305,755.68. Following the transaction, the director directly owned 239,722 shares in the company, valued at approximately $2,704,064.16. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $10.59, for a total value of $103,782.00. Following the completion of the sale, the chief financial officer directly owned 1,485,138 shares of the company’s stock, valued at $15,727,611.42. This trade represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,257,169 shares of company stock valued at $48,407,629. Company insiders own 5.48% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

A number of large investors have recently added to or reduced their stakes in QS. AQR Capital Management LLC bought a new stake in QuantumScape in the 1st quarter valued at approximately $321,000. NewEdge Advisors LLC boosted its stake in shares of QuantumScape by 50.4% during the 1st quarter. NewEdge Advisors LLC now owns 21,224 shares of the company’s stock worth $88,000 after acquiring an additional 7,111 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of QuantumScape by 456.5% in the first 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 purchasing an additional 3,904,168 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in QuantumScape by 12.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 87,200 shares of the company’s stock valued at $586,000 after buying an additional 9,500 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in QuantumScape by 131.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 93,581 shares of the company’s stock valued at $657,000 after acquiring an additional 53,200 shares during the period. Institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Down 1.3%

QS opened at $8.82 on Monday. QuantumScape has a one year low of $3.40 and a one year high of $19.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The stock’s fifty day moving average is $10.62 and its 200-day moving average is $11.55. The company has a market capitalization of $5.30 billion, a PE ratio of -10.89 and a beta of 2.51.

QuantumScape (NYSE:QSGet Free Report) last released its earnings results on Wednesday, February 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted ($0.22) EPS. On average, equities analysts predict that QuantumScape will post -0.82 EPS for the current fiscal year.

Trending Headlines about QuantumScape

Here are the key news stories impacting QuantumScape this week:

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.

Featured Articles

Analyst Recommendations for QuantumScape (NYSE:QS)

Receive News & Ratings for QuantumScape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantumScape and related companies with MarketBeat.com's FREE daily email newsletter.