QuantumScape Corporation (NYSE:QS) Given Average Recommendation of “Reduce” by Brokerages

Shares of QuantumScape Corporation (NYSE:QS) have been given an average recommendation of “Reduce” by the eleven research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.1667.

A number of brokerages have commented on QS. HSBC downgraded shares of QuantumScape from a “hold” rating to a “reduce” rating and increased their price objective for the company from $5.30 to $10.50 in a research report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on QuantumScape and gave the company a “hold” rating in a research note on Thursday, October 23rd. TD Cowen lifted their price target on QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Evercore ISI reissued an “in-line” rating and set a $12.00 target price (up previously from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Finally, Morgan Stanley assumed coverage on QuantumScape in a research note on Monday, December 8th. They set an “equal weight” rating and a $12.00 target price for the company.

Insiders Place Their Bets

In other QuantumScape news, Director Dipender Saluja sold 2,613,121 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $11.01, for a total value of $28,770,462.21. Following the completion of the transaction, the director owned 9,892,934 shares in the company, valued at $108,921,203.34. This represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brad W. Buss sold 400,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $15.75, for a total value of $6,300,000.00. Following the transaction, the director directly owned 122,476 shares in the company, valued at approximately $1,928,997. The trade was a 76.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,581,107 shares of company stock worth $86,210,994. 5.48% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

Large investors have recently made changes to their positions in the company. Tsfg LLC increased its position in QuantumScape by 233.3% during the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,400 shares during the period. REAP Financial Group LLC raised its position in QuantumScape by 300.0% in the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the last quarter. Global Retirement Partners LLC raised its position in QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after purchasing an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC boosted its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its position in QuantumScape by 67.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock worth $31,000 after purchasing an additional 1,005 shares during the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Price Performance

Shares of NYSE QS opened at $11.16 on Friday. The stock’s 50-day moving average is $13.50 and its two-hundred day moving average is $10.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The company has a market cap of $6.71 billion, a price-to-earnings ratio of -13.77 and a beta of 2.76. QuantumScape has a 1-year low of $3.40 and a 1-year high of $19.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). During the same period last year, the company earned ($0.23) EPS. Analysts forecast that QuantumScape will post -0.82 EPS for the current fiscal year.

QuantumScape Company Profile

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.