Tesla (NASDAQ:TSLA) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, February 14th. They presently have a $330.54 price objective on the electric vehicle producer’s stock. Vetr‘s price objective suggests a potential downside of 6.11% from the company’s current price.
Several other research firms have also commented on TSLA. Zacks Investment Research lowered Tesla from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. BidaskClub raised Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. reduced their target price on Tesla from $200.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday, October 20th. Piper Jaffray Companies set a $385.00 target price on Tesla and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, UBS Group upped their target price on Tesla to $365.00 and gave the company a “hold” rating in a research report on Thursday, February 8th. Twelve analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $324.20.
Tesla (TSLA) opened at $352.05 on Wednesday. Tesla has a 1-year low of $242.01 and a 1-year high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $60,170.00, a price-to-earnings ratio of -47.00 and a beta of 0.97.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business earned ($0.69) EPS. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. equities analysts expect that Tesla will post -15.15 earnings per share for the current year.
In other news, VP Eric Branderiz sold 1,736 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $313.25, for a total value of $543,802.00. Following the transaction, the vice president now owns 1,225 shares in the company, valued at $383,731.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $330.06, for a total value of $330,060.00. Following the completion of the transaction, the vice president now owns 19,028 shares in the company, valued at approximately $6,280,381.68. The disclosure for this sale can be found here. Insiders have sold 11,231 shares of company stock worth $3,622,491 in the last quarter. 23.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Investec Asset Management LTD lifted its position in shares of Tesla by 78.0% in the third quarter. Investec Asset Management LTD now owns 3,690 shares of the electric vehicle producer’s stock valued at $1,259,000 after acquiring an additional 1,617 shares in the last quarter. Smith Moore & CO. increased its holdings in shares of Tesla by 56.3% in the third quarter. Smith Moore & CO. now owns 972 shares of the electric vehicle producer’s stock valued at $332,000 after purchasing an additional 350 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Tesla in the second quarter valued at approximately $681,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Tesla by 2.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock valued at $13,156,000 after purchasing an additional 784 shares during the last quarter. Finally, Arrow Financial Corp increased its holdings in shares of Tesla by 13.7% in the third quarter. Arrow Financial Corp now owns 9,338 shares of the electric vehicle producer’s stock valued at $3,186,000 after purchasing an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 54.86% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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