Private Advisor Group LLC raised its holdings in QuantumScape Co. (NYSE:QS – Get Rating) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,996 shares of the company's stock after buying an additional 3,818 shares during the quarter. Private Advisor Group LLC's holdings in QuantumScape were worth $893,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westwood Wealth Management purchased a new stake in QuantumScape in the 1st quarter valued at about $219,000. Atticus Wealth Management LLC purchased a new stake in shares of QuantumScape during the 1st quarter worth about $27,000. Fifth Third Bancorp grew its holdings in shares of QuantumScape by 103.6% during the 1st quarter. Fifth Third Bancorp now owns 1,425 shares of the company's stock worth $28,000 after purchasing an additional 725 shares during the period. Nauset Wealth Management. LLC purchased a new stake in shares of QuantumScape during the 1st quarter worth about $30,000. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of QuantumScape by 125.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,250 shares of the company's stock worth $45,000 after purchasing an additional 1,250 shares during the period. Hedge funds and other institutional investors own 25.44% of the company's stock.
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QuantumScape Stock Up 8.1 %
NYSE QS opened at $9.09 on Tuesday. The stock has a market cap of $3.93 billion, a PE ratio of -12.62 and a beta of 6.14. QuantumScape Co. has a fifty-two week low of $8.19 and a fifty-two week high of $43.08. The business has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $12.43. The company has a quick ratio of 32.11, a current ratio of 32.11 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.22). During the same period in the previous year, the firm posted ($0.44) earnings per share. The business's quarterly revenue was up NaN% compared to the same quarter last year. As a group, sell-side analysts predict that QuantumScape Co. will post -0.9 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on QS. Deutsche Bank Aktiengesellschaft decreased their target price on QuantumScape from $20.00 to $13.00 in a report on Thursday, July 28th. Morgan Stanley decreased their target price on QuantumScape from $30.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, July 14th. Finally, Truist Financial assumed coverage on QuantumScape in a report on Wednesday, September 28th. They set a "hold" rating and a $10.00 target price for the company. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, QuantumScape currently has an average rating of "Hold" and an average price target of $16.00.
Insider Buying and Selling at QuantumScape
In other QuantumScape news, insider Mohit Singh sold 8,500 shares of the company's stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $9.07, for a total value of $77,095.00. Following the transaction, the insider now directly owns 302,157 shares of the company's stock, valued at approximately $2,740,563.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other QuantumScape news, insider Mohit Singh sold 8,500 shares of the company's stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $9.07, for a total value of $77,095.00. Following the transaction, the insider now directly owns 302,157 shares of the company's stock, valued at approximately $2,740,563.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Timothy Holme sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $11.78, for a total value of $3,534,000.00. Following the completion of the transaction, the chief technology officer now directly owns 356,792 shares in the company, valued at $4,203,009.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,236,540 shares of company stock valued at $14,872,393 in the last three months. Corporate insiders own 13.73% of the company's stock.
About QuantumScape
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QuantumScape Corporation, a 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.
Further Reading
- Get a free copy of the StockNews.com research report on QuantumScape (QS)
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