KeyCorp reaffirmed their hold rating on shares of Tesla (NASDAQ:TSLA) in a research report released on Wednesday.
Several other research firms have also recently commented on TSLA. BidaskClub raised Tesla from a sell rating to a hold rating in a report on Wednesday, January 31st. Vetr cut Tesla from a hold rating to a sell rating and set a $341.15 price target for the company. in a report on Monday, February 26th. Zacks Investment Research cut Tesla from a hold rating to a sell rating in a report on Saturday, January 20th. Piper Jaffray set a $385.00 price target on Tesla and gave the company a buy rating in a report on Thursday, February 8th. Finally, UBS raised their price target on Tesla to $365.00 and gave the company a hold rating in a report on Thursday, February 8th. Thirteen analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $304.33.
TSLA opened at $293.35 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $48,596.57, a PE ratio of -25.55 and a beta of 1.19. Tesla has a 12 month low of $244.59 and a 12 month high of $389.61.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.69) EPS. research analysts forecast that Tesla will post -15.15 EPS for the current fiscal year.
In other Tesla news, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $330.06, for a total transaction of $330,060.00. Following the completion of the transaction, the vice president now owns 19,028 shares of the company’s stock, valued at $6,280,381.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 1,875 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $300.00, for a total value of $562,500.00. Following the transaction, the director now directly owns 150,208 shares of the company’s stock, valued at approximately $45,062,400. The disclosure for this sale can be found here. Insiders have sold 5,529 shares of company stock valued at $1,786,841 in the last three months. 23.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Truewealth LLC purchased a new position in Tesla during the fourth quarter worth $102,000. Avestar Capital LLC purchased a new stake in shares of Tesla in the fourth quarter valued at $144,000. FDx Advisors Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at $203,000. Opes Advisors Inc purchased a new stake in shares of Tesla in the fourth quarter valued at $212,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at $212,000. 58.19% of the stock is owned by institutional investors.
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Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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