Steward Partners Investment Advisory LLC Increases Stock Holdings in QuantumScape Co. (NYSE:QS)

Steward Partners Investment Advisory LLC boosted its position in QuantumScape Co. (NYSE:QSGet Rating) by 31.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,318 shares of the company’s stock after purchasing an additional 1,730 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in QuantumScape were worth $146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QS. Van ECK Associates Corp raised its stake in QuantumScape by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 44,164 shares of the company’s stock valued at $980,000 after purchasing an additional 2,546 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in QuantumScape by 13.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,094 shares of the company’s stock valued at $402,000 after purchasing an additional 2,161 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in QuantumScape by 39.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 279,116 shares of the company’s stock valued at $6,193,000 after purchasing an additional 79,219 shares during the last quarter. D.A. Davidson & CO. raised its stake in QuantumScape by 2.9% in the 4th quarter. D.A. Davidson & CO. now owns 22,149 shares of the company’s stock valued at $491,000 after purchasing an additional 614 shares during the last quarter. Finally, CWM LLC acquired a new position in QuantumScape in the 4th quarter valued at $60,000. 25.68% of the stock is owned by institutional investors and hedge funds.

QuantumScape Stock Down 3.6 %

Shares of NYSE:QS opened at $10.43 on Tuesday. The business has a 50-day moving average price of $10.30 and a 200 day moving average price of $14.05. The company has a current ratio of 48.57, a quick ratio of 48.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -14.49 and a beta of 6.78. QuantumScape Co. has a 12-month low of $8.22 and a 12-month high of $43.08.

QuantumScape (NYSE:QSGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The firm’s revenue was up NaN% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.44) earnings per share. Sell-side analysts expect that QuantumScape Co. will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QS shares. The Goldman Sachs Group cut their target price on QuantumScape from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft cut their target price on QuantumScape from $20.00 to $13.00 in a research note on Thursday, July 28th. Finally, Morgan Stanley cut their target price on QuantumScape from $30.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

Insider Activity at QuantumScape

In related news, CFO Kevin Hettrich sold 36,133 shares of the firm’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $10.06, for a total transaction of $363,497.98. Following the completion of the transaction, the chief financial officer now directly owns 475,958 shares in the company, valued at approximately $4,788,137.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Michael O. Mccarthy III sold 27,871 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $12.51, for a total transaction of $348,666.21. Following the completion of the transaction, the insider now directly owns 542,743 shares in the company, valued at approximately $6,789,714.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 36,133 shares of QuantumScape stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $10.06, for a total value of $363,497.98. Following the completion of the transaction, the chief financial officer now owns 475,958 shares of the company’s stock, valued at approximately $4,788,137.48. The disclosure for this sale can be found here. Insiders sold 849,748 shares of company stock worth $9,886,967 in the last three months. 16.22% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for QuantumScape (NYSE:QS)

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