QuantumScape (NYSE:QS) Price Target Cut to $6.00 by Analysts at Robert W. Baird

Market Beat
2025.04.25 12:48

Robert W. Baird has reduced the price target for QuantumScape (NYSE:QS) from $8.00 to $6.00, maintaining a "neutral" rating. This new target suggests a potential upside of 50.75% from the stock's previous close. Other analysts have also adjusted their ratings, with some downgrading to "sell". QuantumScape's stock opened at $3.98, with a 12-month range of $3.40 to $9.52. The company reported earnings of ($0.21) per share, matching expectations. Insider selling has been noted, with significant shares sold recently.

QuantumScape (NYSE:QS - Get Free Report) had its target price decreased by investment analysts at Robert W. Baird from $8.00 to $6.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 50.75% from the stock's previous close.

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Several other research firms have also recently weighed in on QS. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial dropped their target price on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.26.

Read Our Latest Stock Analysis on QuantumScape

QuantumScape Stock Up 2.8 %

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QS stock opened at $3.98 on Thursday. The stock has a 50-day simple moving average of $4.32 and a two-hundred day simple moving average of $4.93. QuantumScape has a twelve month low of $3.40 and a twelve month high of $9.52. The firm has a market capitalization of $2.18 billion, a PE ratio of -4.23 and a beta of 4.37. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.21). During the same quarter in the previous year, the firm earned ($0.24) earnings per share. On average, equities analysts predict that QuantumScape will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

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In other QuantumScape news, CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the sale, the insider now owns 1,010,523 shares of the company's stock, valued at approximately $5,285,035.29. This represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,147 shares of company stock worth $935,758 over the last three months. Company insiders own 12.03% of the company's stock.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently made changes to their positions in QS. Ieq Capital LLC grew its stake in shares of QuantumScape by 2.6% in the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company's stock worth $453,000 after acquiring an additional 2,200 shares during the last quarter. Handelsbanken Fonder AB increased its stake in QuantumScape by 2.0% during the 4th quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock valued at $595,000 after purchasing an additional 2,300 shares in the last quarter. Xponance Inc. lifted its stake in shares of QuantumScape by 17.8% in the fourth quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after buying an additional 2,400 shares in the last quarter. Arizona State Retirement System increased its position in shares of QuantumScape by 2.3% during the fourth 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 raised its holdings in QuantumScape by 13.6% in the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company's stock worth $117,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

QuantumScape Company Profile

(Get Free Report)

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.

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