Shay Capital LLC Acquires New Shares in QuantumScape Co. (NYSE:QS)

Shay Capital LLC acquired a new stake in QuantumScape Co. (NYSE:QS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,683 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ieq Capital LLC lifted its position in QuantumScape by 2.6% in the 4th quarter. Ieq Capital LLC now owns 87,370 shares of the company’s stock valued at $453,000 after acquiring an additional 2,200 shares in the last quarter. Handelsbanken Fonder AB lifted its position in QuantumScape by 2.0% in the 4th quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company’s stock valued at $595,000 after acquiring an additional 2,300 shares in the last quarter. Xponance Inc. lifted its position in QuantumScape by 17.8% in the 4th quarter. Xponance Inc. now owns 15,862 shares of the company’s stock valued at $82,000 after acquiring an additional 2,400 shares in the last quarter. Arizona State Retirement System lifted its position in QuantumScape by 2.3% in the 4th quarter. Arizona State Retirement System now owns 111,364 shares of the company’s stock valued at $578,000 after acquiring an additional 2,483 shares in the last quarter. Finally, Birchcreek Wealth Management LLC lifted its position in QuantumScape by 13.6% in the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company’s stock valued at $117,000 after acquiring an additional 2,700 shares in the last quarter. 29.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on QS shares. The Goldman Sachs Group lowered their price objective on QuantumScape from $3.00 to $2.50 and set a “sell” rating on the stock in a research report on Monday, April 28th. Evercore ISI reaffirmed a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. UBS Group cut QuantumScape from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. Truist Financial decreased their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird decreased their target price on shares of QuantumScape from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.19.

QuantumScape Price Performance

Shares of QS opened at $4.73 on Friday. The firm has a market cap of $2.64 billion, a PE ratio of -5.03 and a beta of 4.38. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $4.08 and a two-hundred day simple moving average of $4.76. QuantumScape Co. has a 1-year low of $3.40 and a 1-year high of $9.52.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). During the same quarter last year, the firm posted ($0.24) EPS. On average, equities analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current year.

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the transaction, the director now owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. This represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 76,315 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the completion of the transaction, the insider now directly owns 1,010,523 shares of the company’s stock, valued at $5,285,035.29. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,198 shares of company stock worth $748,796 in the last three months. Corporate insiders own 12.03% of the company’s stock.

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.