TCG Advisory Services LLC Makes New Investment in QuantumScape Co. (NYSE:QS)

TCG Advisory Services LLC acquired a new stake in shares of QuantumScape Co. (NYSE:QS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,413 shares of the company’s stock, valued at approximately $79,000.

A number of other institutional investors have also recently made changes to their positions in QS. Citigroup Inc. raised its holdings in shares of QuantumScape by 97.7% in the third quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock worth $703,000 after buying an additional 51,934 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after acquiring an additional 2,861 shares during the period. Scotia Capital Inc. purchased a new stake in QuantumScape during the 3rd quarter valued at about $95,000. HBK Sorce Advisory LLC increased its holdings in shares of QuantumScape by 11.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock valued at $150,000 after purchasing an additional 2,264 shares during the period. Finally, Simplicity Solutions LLC acquired a new stake in shares of QuantumScape during the fourth quarter worth about $719,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

QS has been the topic of several research reports. Robert W. Baird increased their price target on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Truist Financial cut their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Finally, UBS Group decreased their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, QuantumScape currently has a consensus rating of “Hold” and a consensus price target of $6.09.

Insider Buying and Selling at QuantumScape

In other news, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now directly owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now owns 731,629 shares in the company, valued at approximately $4,514,150.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $6.11, for a total value of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,661 shares of company stock valued at $785,018. Company insiders own 10.18% of the company’s stock.

QuantumScape Price Performance

Shares of NYSE QS opened at $5.83 on Tuesday. QuantumScape Co. has a 1 year low of $4.92 and a 1 year high of $13.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38. The company’s fifty day moving average price is $5.84 and its 200 day moving average price is $6.39.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same period last year, the firm earned ($0.25) EPS. Equities analysts forecast that QuantumScape Co. will post -0.9 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.