180 Wealth Advisors LLC Grows Holdings in QuantumScape Co. (NYSE:QS)

180 Wealth Advisors LLC lifted its position in shares of QuantumScape Co. (NYSE:QS) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,168 shares of the company’s stock after buying an additional 13,177 shares during the quarter. 180 Wealth Advisors LLC’s holdings in QuantumScape were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QS. Signaturefd LLC boosted 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 acquiring an additional 2,148 shares during the last quarter. International Assets Investment Management LLC raised its holdings in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares during the last quarter. Atom Investors LP purchased a new position in shares of QuantumScape during the 3rd quarter worth $60,000. Centaurus Financial Inc. purchased a new stake in shares of QuantumScape in the second quarter valued at $52,000. Finally, Nwam LLC purchased a new stake in QuantumScape in the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on QS shares. Truist Financial restated a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.26.

Insider Buying and Selling at QuantumScape

In related news, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the sale, the director now directly owns 2,563,767 shares in the company, valued at $13,587,965.10. The trade was a 10.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the sale, the insider now directly owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,460 shares of company stock valued at $2,903,619 in the last ninety days. Company insiders own 12.03% of the company’s stock.

QuantumScape Trading Down 2.8 %

NYSE:QS opened at $5.24 on Wednesday. The firm has a market capitalization of $2.69 billion, a P/E ratio of -5.52 and a beta of 4.46. The business has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $5.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52.

QuantumScape (NYSE:QS) last announced 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 in the prior year, the business earned ($0.23) EPS. Equities research analysts predict that QuantumScape Co. will post -0.99 EPS for the current year.

QuantumScape 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.