Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a note issued to investors on Thursday. They currently have a $500.00 target price on the electric vehicle producer’s stock. Berenberg Bank’s target price indicates a potential upside of 45.79% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the company. Goldman Sachs Group reiterated a “sell” rating and issued a $195.00 price objective on shares of Tesla in a report on Tuesday. Sanford C. Bernstein reiterated a “neutral” rating and issued a $265.00 price objective on shares of Tesla in a report on Friday, June 22nd. Oppenheimer reiterated a “neutral” rating on shares of Tesla in a report on Thursday, June 21st. BidaskClub upgraded Tesla from a “hold” rating to a “buy” rating in a report on Friday, June 15th. Finally, Vertical Group dropped their price objective on Tesla from $99.00 to $93.00 and set a “sell” rating for the company in a report on Thursday, June 14th. Eleven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $299.36.
Tesla opened at $342.95 on Thursday, according to MarketBeat. Tesla has a fifty-two week low of $244.59 and a fifty-two week high of $389.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.44. The company has a market capitalization of $58.49 billion, a price-to-earnings ratio of -29.87 and a beta of 0.88.
Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($0.95). Tesla had a negative return on equity of 40.72% and a negative net margin of 18.77%. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter last year, the business posted ($1.33) EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. research analysts expect that Tesla will post -10.94 earnings per share for the current year.
In other Tesla news, Director Kimbal Musk sold 1,875 shares of Tesla 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 completion of the sale, the director now owns 150,208 shares of the company’s stock, valued at approximately $45,062,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John Douglas Field sold 3,000 shares of Tesla stock in a transaction on Friday, June 15th. The stock was sold at an average price of $359.27, for a total value of $1,077,810.00. Following the completion of the sale, the vice president now directly owns 20,964 shares of the company’s stock, valued at approximately $7,531,736.28. The disclosure for this sale can be found here. 22.80% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Truewealth LLC bought a new stake in shares of Tesla in the 4th quarter worth $102,000. Macroview Investment Management LLC bought a new stake in shares of Tesla in the 1st quarter worth $106,000. Jacobi Capital Management LLC increased its holdings in shares of Tesla by 154.4% in the 1st quarter. Jacobi Capital Management LLC now owns 430 shares of the electric vehicle producer’s stock worth $109,000 after purchasing an additional 261 shares in the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of Tesla in the 1st quarter worth $114,000. Finally, Avestar Capital LLC bought a new stake in shares of Tesla in the 4th quarter worth $144,000. 60.68% of the stock is owned by institutional investors and hedge funds.
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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