QuantumScape (NYSE:QS) Trading Up 4.9%

QuantumScape Co. (NYSE:QS)’s share price traded up 4.9% on Friday . The stock traded as high as $5.43 and last traded at $5.35. 3,087,051 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 9,322,381 shares. The stock had previously closed at $5.10.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group cut their price target on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday. Truist Financial reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday. Finally, Robert W. Baird raised their price objective on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.30.

QuantumScape Stock Up 5.6 %

The firm has a market cap of $2.67 billion, a PE ratio of -5.68 and a beta of 4.76. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $5.96 and its 200-day moving average is $6.42.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the prior year, the firm earned ($0.25) earnings per share. As a group, equities research analysts expect that QuantumScape Co. will post -0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey B. Straubel sold 69,309 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the completion of the transaction, the director now owns 292,644 shares of the company’s stock, valued at approximately $1,966,567.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total transaction of $465,756.48. Following the completion of the sale, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the transaction, the chief financial officer now directly owns 1,178,512 shares in the company, valued at $7,236,063.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 194,970 shares of company stock valued at $1,250,775. Insiders own 10.18% of the company’s stock.

Institutional Trading of QuantumScape

Several large investors have recently added to or reduced their stakes in the stock. Spire Wealth Management lifted its stake in shares of QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in QuantumScape by 595.1% in the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after acquiring an additional 5,296 shares during the period. C M Bidwell & Associates Ltd. grew its position in QuantumScape by 37.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock valued at $45,000 after acquiring an additional 1,835 shares in the last quarter. CWM LLC raised its stake in shares of QuantumScape by 31.1% during the third quarter. CWM LLC now owns 7,555 shares of the company’s stock valued at $51,000 after purchasing an additional 1,794 shares during the period. Finally, StepStone Group LP purchased a new position in shares of QuantumScape in the fourth quarter valued at $56,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

About QuantumScape

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.