Fritz Prinz Sells 12,908 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the sale, the director now directly owns 241,195 shares in the company, valued at $1,215,622.80. This trade represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

QuantumScape Trading Up 2.4 %

Shares of QS stock opened at $5.16 on Friday. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $10.03. The firm has a 50 day moving average price of $5.41 and a two-hundred day moving average price of $5.74. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.64 billion, a PE ratio of -5.43 and a beta of 4.60.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the company posted ($0.23) earnings per share. As a group, analysts predict that QuantumScape Co. will post -0.97 earnings per share for the current year.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently modified their holdings of QS. Signaturefd LLC grew its position in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after purchasing an additional 4,228 shares in the last quarter. CWM LLC increased its position in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. acquired a new position in QuantumScape in the second quarter valued at about $36,000. Finally, Alaska Wealth Advisors bought a new stake in QuantumScape during the second quarter worth about $49,000. Institutional investors own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a report on Tuesday, November 19th. Wolfe Research assumed coverage on shares of QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating on the stock. Truist Financial reiterated a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.26.

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.