QuantumScape (NYSE:QS) Stock Rating Lowered by UBS Group

UBS Group cut shares of QuantumScape (NYSE:QS) from a neutral rating to a sell rating in a research report report published on Thursday, MarketBeat Ratings reports. UBS Group currently has $2.50 price target on the stock, down from their prior price target of $5.00.

Several other equities analysts have also recently issued reports on QS. Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. Truist Financial reduced their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.13.

QuantumScape Trading Down 0.1 %

NYSE QS opened at $3.77 on Thursday. The stock has a market cap of $2.06 billion, a P/E ratio of -4.01 and a beta of 4.37. QuantumScape has a fifty-two week low of $3.40 and a fifty-two week high of $9.52. The stock has a 50 day simple moving average of $4.51 and a two-hundred day simple moving average of $5.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). On average, analysts forecast that QuantumScape will post -0.82 earnings per share for the current year.

Insider Activity

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the transaction, the director now directly owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.23, for a total transaction of $399,127.45. Following the sale, the insider now owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. The trade was a 7.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,147 shares of company stock worth $935,758. Insiders own 12.03% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape in the fourth quarter worth $26,000. Raiffeisen Bank International AG purchased a new position in QuantumScape in the 4th quarter worth about $29,000. Blue Trust Inc. lifted its stake in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after acquiring an additional 4,556 shares during the period. Atlas Legacy Advisors LLC bought a new position in QuantumScape during the 4th quarter valued at about $53,000. Finally, Empowered Funds LLC purchased a new stake in shares of QuantumScape during the 4th quarter valued at about $53,000. 29.87% of the stock is owned by institutional investors.

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.