QuantumScape’s (QS) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

QuantumScape (NYSE:QS)‘s stock had its “hold” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $6.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 9.49% from the stock’s current price.

A number of other brokerages have also weighed in on QS. Truist Financial restated a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Wolfe Research initiated coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.53.

QuantumScape Stock Performance

NYSE QS opened at $5.48 on Tuesday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03. QuantumScape has a twelve month low of $4.67 and a twelve month high of $10.03. The business has a 50-day moving average price of $6.26 and a 200-day moving average price of $5.89. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -5.71 and a beta of 4.60.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period last year, the company posted ($0.26) earnings per share. As a group, equities research analysts predict that QuantumScape will post -0.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Fritz Prinz sold 25,816 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.87, for a total transaction of $125,723.92. Following the sale, the director now directly owns 267,011 shares in the company, valued at approximately $1,300,343.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Timothy Holme sold 44,306 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total transaction of $270,709.66. Following the sale, the chief technology officer now owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fritz Prinz sold 25,816 shares of QuantumScape stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.87, for a total transaction of $125,723.92. Following the transaction, the director now directly owns 267,011 shares of the company’s stock, valued at $1,300,343.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,112,281 shares of company stock worth $6,547,435. Insiders own 10.18% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently made changes to their positions in QS. Spire Wealth Management raised its position in QuantumScape by 39.0% in the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of QuantumScape by 2.7% during the second quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock valued at $392,000 after buying an additional 2,059 shares during the last quarter. Amalgamated Bank raised its holdings in shares of QuantumScape by 5.6% in the fourth quarter. Amalgamated Bank now owns 45,784 shares of the company’s stock worth $318,000 after buying an additional 2,432 shares during the period. CWM LLC lifted its stake in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Carson Advisory Inc. boosted its holdings in QuantumScape by 13.6% during the 1st quarter. Carson Advisory Inc. now owns 24,250 shares of the company’s stock valued at $153,000 after acquiring an additional 2,900 shares during the period. Institutional investors own 29.87% 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.