Tesla Inc (NASDAQ:TSLA) has been given an average rating of “Hold” by the thirty-six ratings firms that are currently covering the company, MarketBeat reports. Twelve equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $330.84.
Several research analysts recently weighed in on TSLA shares. Vetr cut Tesla from a “sell” rating to a “strong sell” rating and set a $283.06 target price for the company. in a research note on Monday, December 11th. Citigroup started coverage on Tesla in a research note on Tuesday, February 13th. They set a “buy” rating and a $425.00 target price for the company. Global Equities Research reaffirmed a “buy” rating and set a $485.00 target price on shares of Tesla in a research note on Wednesday, November 29th. BidaskClub raised Tesla from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, UBS Group raised their target price on Tesla to $365.00 and gave the company a “hold” rating in a research note on Thursday, February 8th.
In related news, VP Eric Branderiz sold 401 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $353.50, for a total value of $141,753.50. Following the completion of the sale, the vice president now directly owns 1,248 shares of the company’s stock, valued at approximately $441,168. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Douglas Field sold 1,400 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $340.67, for a total value of $476,938.00. Following the completion of the sale, the vice president now directly owns 21,528 shares of the company’s stock, valued at $7,333,943.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,119 shares of company stock valued at $2,983,344. Company insiders own 23.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Investec Asset Management LTD lifted its stake in Tesla by 78.0% in the 3rd quarter. Investec Asset Management LTD now owns 3,690 shares of the electric vehicle producer’s stock worth $1,259,000 after acquiring an additional 1,617 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Tesla by 2.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock worth $13,156,000 after purchasing an additional 784 shares during the last quarter. APG Asset Management N.V. increased its position in Tesla by 43.4% in the 4th quarter. APG Asset Management N.V. now owns 213,861 shares of the electric vehicle producer’s stock worth $55,451,000 after purchasing an additional 64,712 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Tesla in the 3rd quarter worth about $447,000. Finally, Private Capital Advisors Inc. acquired a new position in Tesla in the 4th quarter worth about $318,000. 57.83% of the stock is owned by hedge funds and other institutional investors.
Tesla (NASDAQ TSLA) opened at $327.17 on Friday. Tesla has a 52 week low of $242.78 and a 52 week high of $389.61. The stock has a market capitalization of $54,990.00, a price-to-earnings ratio of -43.68 and a beta of 1.01. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 33.08% 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 quarter last year, the business posted ($0.69) earnings per share. The company’s quarterly revenue was up 43.9% on a year-over-year basis. research analysts expect that Tesla will post -15.15 EPS for the current year.
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Tesla Company Profile
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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