Eurizon Capital SGR S.p.A. Invests $775,000 in QuantumScape Corporation $QS

Eurizon Capital SGR S.p.A. purchased a new position in QuantumScape Corporation (NYSE:QS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,789 shares of the company’s stock, valued at approximately $775,000.

Several other hedge funds have also recently modified their holdings of QS. Vanguard Group Inc. grew its holdings in shares of QuantumScape by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after acquiring an additional 4,323,829 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of QuantumScape by 456.5% in 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 worth $19,799,000 after acquiring an additional 3,904,168 shares during the period. Man Group plc bought a new stake in shares of QuantumScape in the third quarter worth $44,421,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of QuantumScape in the third quarter worth $33,962,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of QuantumScape by 2,036.7% in the second quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company’s stock worth $16,483,000 after acquiring an additional 2,338,038 shares during the period. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael O. Mccarthy III sold 45,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.73, for a total value of $302,850.00. Following the transaction, the insider directly owned 954,219 shares in the company, valued at $6,421,893.87. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey B. Straubel sold 27,106 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.85, for a total value of $212,782.10. Following the completion of the transaction, the director owned 131,298 shares in the company, valued at $1,030,689.30. The trade was a 17.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 632,997 shares of company stock valued at $4,570,999 over the last three months. Insiders own 5.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley cut their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Robert W. Baird set a $12.00 price target on QuantumScape in a report on Thursday, February 12th. TD Cowen reissued a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and cut their price target for the company from $10.50 to $8.30 in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.13.

QuantumScape Stock Performance

NYSE:QS opened at $8.76 on Thursday. The stock has a 50-day simple moving average of $7.40 and a two-hundred day simple moving average of $8.94. QuantumScape Corporation has a 52-week low of $3.94 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The firm has a market capitalization of $5.39 billion, a PE ratio of -10.81 and a beta of 2.60.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period in the prior year, the business posted ($0.21) EPS. Analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current 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.