QuantumScape (NYSE:QS) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

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

Several other research analysts have also issued reports on QS. Truist Financial reiterated a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a research note on Monday, August 5th. Wolfe Research began coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.53.

QuantumScape Stock Performance

Shares of QS opened at $5.48 on Tuesday. The company has a 50-day simple moving average of $6.26 and a two-hundred day simple moving average of $5.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a market capitalization of $2.77 billion, a PE ratio of -5.71 and a beta of 4.60. QuantumScape has a one year low of $4.67 and a one year high of $10.03.

QuantumScape (NYSE:QS) last released 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 quarter in the prior year, the company posted ($0.26) earnings per share. On average, analysts anticipate that QuantumScape will post -0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total transaction of $76,931.68. Following the transaction, the director now directly owns 254,103 shares of the company’s stock, valued at $1,514,453.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total transaction of $76,931.68. Following the transaction, the director now owns 254,103 shares in the company, valued at $1,514,453.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 1,168,496 shares of the company’s stock, valued at approximately $7,139,510.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,112,281 shares of company stock valued at $6,547,435. Corporate insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted its position in QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. CWM LLC grew 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 valued at $35,000 after acquiring an additional 2,556 shares during the period. Mather Group LLC. purchased a new stake in QuantumScape in the 2nd quarter worth approximately $36,000. StepStone Group LP bought a new stake in QuantumScape during the 4th quarter worth approximately $56,000. Finally, Alaska Wealth Advisors bought a new stake in QuantumScape during the 2nd quarter worth approximately $49,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Company Profile

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.