QuantumScape Co. (NYSE:QS) Receives $6.06 Consensus Price Target from Brokerages

QuantumScape Co. (NYSE:QS) has recently been in the spotlight after analysts provided insights into the company's stock performance. Currently, a consensus recommendation of "Reduce" has been given by the seven analysts monitoring QuantumScape. According to reports by MarketBeat Ratings, the average price target set by these brokerages for the next twelve months stands at $6.06. Among the analysts, one has issued a sell rating while six labeled it as a hold.

Recently, several brokerages have commented on QuantumScape's stock. For instance, on February 14th, Truist Financial adjusted their target price from $7.00 to $6.00, maintaining a "hold" rating. Similarly, Evercore ISI reaffirmed a "hold" rating in their research on February 25th.

Insider Transactions at QuantumScape

In related news, there have been notable insider transactions at QuantumScape. On February 21st, Michael O. McCarthy III sold 76,315 shares at an average price of $5.23, totaling around $399,127. Following this sale, he retains 1,010,523 shares valued at roughly $5.29 million, reflecting a 7.02% decrease in his ownership stake. Furthermore, on December 27th, insider Mohit Singh sold 97,305 shares at an average price of $6.24, making the total transaction approximately $607,183. Post-sale, Singh holds 1,092,020 shares worth about $6.81 million, an 8.18% reduction from his previous position. In the past ninety days, insiders have sold a cumulative total of 277,452 shares valued at $1.54 million, while 12.03% of QuantumScape stock is held by insiders.

Institutional Trading of QuantumScape

Institutional investors have been actively managing their investments in QuantumScape. During the fourth quarter, Heck Capital Advisors LLC acquired a new stake valued at $26,000, and Raiffeisen Bank International AG also entered with a stake worth about $29,000. Additionally, Blue Trust Inc. boosted its holdings by 208.8%, now owning 6,738 shares valued at $39,000 after gaining 4,556 shares in the recent quarter. Empowered Funds LLC and Atlas Legacy Advisors LLC also acquired new positions worth about $53,000 each in the same quarter. Currently, institutional investors collectively own 29.87% of the company's stock.

QuantumScape Trading Update

On Friday, QuantumScape shares opened at $4.54. The company boasts a market capitalization of $2.48 billion with a price-to-earnings ratio of -4.83 and a beta of 4.45. Its stock has experienced a 52-week low of $4.05 and a high of $9.52. The 50-day and 200-day moving averages for the stock are $4.89 and $5.22 respectively. Furthermore, it has a quick ratio of 14.07 and a current ratio of 14.07, paired with a low debt-to-equity ratio of 0.03.

QuantumScape last revealed its earnings results on February 12th, reporting an earnings per share (EPS) of -$0.22 for the quarter, which fell short of the anticipated -$0.21 by $0.01. Analysts project that QuantumScape will post an EPS of -$0.82 for the current fiscal year.

About QuantumScape

Founded in 2010 and based in San Jose, California, QuantumScape Corporation specializes in the research and development of solid-state lithium-metal batteries aimed at electric vehicles and other applications.

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