Tower Research Capital LLC TRC Acquires 2,954 Shares of QuantumScape Co. (NYSE:QS)

Tower Research Capital LLC TRC boosted its holdings in shares of QuantumScape Co. (NYSE:QS) by 57.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,096 shares of the company’s stock after buying an additional 2,954 shares during the quarter. Tower Research Capital LLC TRC’s holdings in QuantumScape were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QS. CWM LLC increased its stake in shares of QuantumScape by 31.1% in the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of QuantumScape in the third quarter worth about $74,000. SG Americas Securities LLC lifted its position in shares of QuantumScape by 67.8% during the 3rd quarter. SG Americas Securities LLC now owns 67,842 shares of the company’s stock valued at $454,000 after buying an additional 27,412 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of QuantumScape by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 357,782 shares of the company’s stock valued at $2,394,000 after acquiring an additional 19,431 shares during the period. Finally, Armor Investment Advisors LLC increased its holdings in QuantumScape by 10.6% in the 3rd quarter. Armor Investment Advisors LLC now owns 44,740 shares of the company’s stock worth $299,000 after acquiring an additional 4,303 shares in the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QS has been the subject of a number of analyst reports. Robert W. Baird increased 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. UBS Group decreased their price target on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, 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, April 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and a consensus price target of $6.09.

QuantumScape Trading Up 2.0 %

Shares of NYSE:QS traded up $0.11 during trading on Monday, reaching $5.50. 7,219,104 shares of the company were exchanged, compared to its average volume of 9,369,548. The business’s fifty day simple moving average is $5.90 and its 200-day simple moving average is $6.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.98 and a quick ratio of 18.98. QuantumScape Co. has a 12-month low of $4.92 and a 12-month high of $13.86. The firm has a market capitalization of $2.73 billion, a PE ratio of -5.73 and a beta of 4.77.

QuantumScape (NYSE:QS) last issued its 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 quarter last year, the company earned ($0.25) earnings per share. On average, research analysts anticipate that QuantumScape Co. will post -0.95 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $6.11, for a total value of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares of the company’s stock, valued at approximately $3,399,005.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey B. Straubel sold 69,309 shares of the firm’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 sale, the director now owns 292,644 shares of the company’s stock, valued at $1,966,567.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $6.11, for a total transaction of $211,448.77. Following the completion of the transaction, the chief financial officer now owns 556,302 shares of the company’s stock, valued at $3,399,005.22. The disclosure for this sale can be found here. Insiders have sold a total of 194,970 shares of company stock worth $1,250,775 in the last three months. Corporate insiders own 10.18% of the company’s stock.

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.