C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $57,000 in QuantumScape Co. (NYSE:QS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in QuantumScape Co. (NYSE:QS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,025 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its holdings in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in QuantumScape in the 4th quarter worth about $26,000. International Assets Investment Management LLC lifted its stake in shares of 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 purchasing an additional 4,228 shares in the last quarter. Blue Trust Inc. lifted its position in shares of QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after purchasing an additional 4,556 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in QuantumScape during the 4th quarter worth $53,000. 29.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QS shares. Truist Financial reduced their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. Evercore ISI reduced their target price on QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday. Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.06.

Insider Buying and Selling at QuantumScape

In related news, CFO Kevin Hettrich sold 29,667 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.10, for a total value of $151,301.70. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at $5,224,057.50. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $6.24, for a total value 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 a total of 615,216 shares of company stock worth $3,327,157 over the last three months. Company insiders own 12.03% of the company’s stock.

QuantumScape Stock Down 2.9 %

Shares of NYSE QS opened at $5.18 on Friday. The stock’s fifty day moving average is $5.29 and its 200 day moving average is $5.40. The stock has a market capitalization of $2.65 billion, a P/E ratio of -5.51 and a beta of 4.45. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Sell-side analysts forecast that QuantumScape Co. will post -0.82 earnings per share for the current fiscal 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.