QuantumScape Corporation (NYSE:QS) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of QuantumScape Corporation (NYSE:QS) have received an average recommendation of “Reduce” from the nine analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.1667.

Several analysts recently issued reports on QS shares. TD Cowen reissued a “hold” rating on shares of QuantumScape in a research report on Thursday, October 30th. Evercore reiterated an “in-line” rating and set a $12.00 price objective (up from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Morgan Stanley initiated coverage on shares of QuantumScape in a research report on Monday, December 8th. They set an “equal weight” rating and a $12.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the company a “hold” rating in a research report on Thursday, October 23rd. Finally, HSBC lowered QuantumScape from a “hold” rating to a “reduce” rating and boosted their price objective for the stock from $5.30 to $10.50 in a report on Wednesday, November 19th.

Insider Buying and Selling

In related news, Director Jeffrey B. Straubel sold 27,106 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.28, for a total value of $305,755.68. Following the completion of the sale, the director directly owned 239,722 shares of the company’s stock, valued at approximately $2,704,064.16. This represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.59, for a total transaction of $103,782.00. Following the transaction, the chief financial officer directly owned 1,485,138 shares in the company, valued at $15,727,611.42. This represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,257,169 shares of company stock worth $48,407,629. 5.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after buying an additional 4,323,829 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of QuantumScape by 456.5% during 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 acquiring an additional 3,904,168 shares during the last quarter. Man Group plc purchased a new position in QuantumScape in the third quarter worth $44,421,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in QuantumScape in the third quarter worth $33,962,000. Finally, BNP Paribas Financial Markets grew its stake in QuantumScape by 2,036.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company’s stock valued at $16,483,000 after purchasing an additional 2,338,038 shares during the period. 29.87% of the stock is owned by institutional investors.

QuantumScape Trading Up 9.1%

Shares of QuantumScape stock opened at $8.47 on Monday. The stock has a market capitalization of $5.09 billion, a PE ratio of -10.46 and a beta of 2.51. QuantumScape has a 52 week low of $3.40 and a 52 week high of $19.07. The stock has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $11.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

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.