14 hours Ago By ABMN Staff
Shares of QuantumScape Co. ( NYSE:QS – Get Free Report ) shot up 3.1% during mid-day trading on Tuesday .
The company traded as high as $5.32 and last traded at $5.31.
3,272,386 shares were traded during mid-day trading, a decline of 65% from the average session volume of 9,407,486 shares. The stock had previously closed at $5.15.
Analysts Set New Price Targets A number of research analysts have recently commented on QS shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th.
HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a research note on Tuesday, November 19th. Wolfe Research began coverage on shares of QuantumScape in a research note on Thursday, September 5th.
They issued an “underperform” rating for the company. Truist Financial reissued a “hold” rating and set a $7.00 target price (up previously from $6.
00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company.
According to MarketBeat.com, QuantumScape presently has an average rating of “Hold” and an average target price of $6.26.
View Our Latest Stock Report on QS QuantumScape Trading Up 4.3 % QuantumScape ( NYSE:QS – Get Free Report ) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.
23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02).
During the same quarter in the previous year, the business posted ($0.23) EPS. On average, equities research analysts predict that QuantumScape Co.
will post -0.99 EPS for the current year. Insider Activity at QuantumScape In related news, Director Jagdeep Singh sold 308,097 shares of the business’s stock in a transaction that occurred on Monday, December 9th.
The stock was sold at an average price of $5.30, for a total value of $1,632,914.10.
Following the completion of the sale, the director now directly owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. The trade was a 10.
73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, Director Fritz Prinz sold 12,908 shares of the stock in a transaction that occurred on Thursday, November 21st.
The shares were sold at an average price of $5.04, for a total value of $65,056.32.
Following the transaction, the director now owns 241,195 shares in the company, valued at approximately $1,215,622.80. This trade represents a 5.
08 % decrease in their position. The disclosure for this sale can be found here . In the last 90 days, insiders sold 666,032 shares of company stock valued at $3,549,682.
Insiders own 12.03% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of the company.
Signaturefd LLC grew its stake in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares during the last quarter.
Farther Finance Advisors LLC grew its position in QuantumScape by 32.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock worth $78,000 after purchasing an additional 3,310 shares during the last quarter.
The Manufacturers Life Insurance Company increased its holdings in shares of QuantumScape by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after purchasing an additional 3,527 shares during the period.
International Assets Investment Management LLC raised its position in shares of QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after buying an additional 4,228 shares during the last quarter.
Finally, Arizona State Retirement System lifted its stake in shares of QuantumScape by 4.6% in the second quarter. Arizona State Retirement System now owns 98,800 shares of the company’s stock valued at $486,000 after buying an additional 4,330 shares during the period.
Institutional investors and hedge funds own 29.87% of the company’s stock. QuantumScape Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for QuantumScape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantumScape and related companies with MarketBeat.com's FREE daily email newsletter .
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