Tesla Inc (NASDAQ:TSLA) has received a consensus rating of “Hold” from the thirty-three research firms that are covering the company, MarketBeat reports. Ten analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $334.63.
Several brokerages have commented on TSLA. Vetr cut shares of Tesla from a “buy” rating to a “hold” rating and set a $371.10 price target on the stock. in a research report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $411.00 price target (up from $368.00) on shares of Tesla in a research report on Monday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Wednesday, August 9th. Global Equities Research reiterated a “buy” rating and issued a $485.00 price target on shares of Tesla in a research report on Wednesday, November 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $430.00 price target on shares of Tesla in a research report on Thursday, August 10th.
Shares of Tesla (NASDAQ TSLA) traded down $1.33 during trading on Friday, reaching $305.20. 5,834,534 shares of the company’s stock traded hands, compared to its average volume of 6,396,099. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a 12-month low of $182.51 and a 12-month high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business earned $0.71 earnings per share. Tesla’s revenue for the quarter was up 29.9% compared to the same quarter last year. analysts predict that Tesla will post -11.38 earnings per share for the current year.
In related news, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $341.69, for a total value of $748,301.10. The disclosure for this sale can be found here. In the last three months, insiders sold 10,287 shares of company stock valued at $3,345,225. 23.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in TSLA. Janus Henderson Group PLC boosted its position in Tesla by 126.6% during the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares during the period. Vanguard Group Inc. boosted its position in Tesla by 4.9% during the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after purchasing an additional 292,602 shares during the period. Whale Rock Capital Management LLC bought a new stake in Tesla during the second quarter worth approximately $66,601,000. Jasper Ridge Partners L.P. boosted its position in Tesla by 7,001.5% during the second quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock worth $58,319,000 after purchasing an additional 159,005 shares during the period. Finally, Quantitative Investment Management LLC bought a new stake in Tesla during the second quarter worth approximately $52,108,000. 57.20% of the stock is owned by hedge funds and other institutional investors.
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Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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