Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reissued by equities researchers at Tigress Financial in a research note issued to investors on Thursday, December 21st.
Several other research firms have also recently weighed in on TSLA. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a report on Wednesday, September 20th. Cascend Securities cut shares of Tesla from a “hold” rating to a “sell” rating and set a $250.00 target price on the stock. in a report on Tuesday, December 5th. Evercore ISI dropped their target price on shares of Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a report on Sunday, October 29th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $293.06 target price on the stock in a report on Wednesday, December 20th. Finally, Citigroup reaffirmed a “hold” rating and issued a $367.00 price target on shares of Tesla in a research report on Wednesday, November 15th. Eleven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and an average target price of $329.48.
Tesla (NASDAQ:TSLA) opened at $336.22 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla has a one year low of $229.59 and a one year high of $389.61. The company has a market cap of $56,510.00, a P/E ratio of -39.28 and a beta of 0.94.
Tesla (NASDAQ:TSLA) last issued its 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. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. sell-side analysts predict that Tesla will post -11.38 EPS for the current fiscal year.
In other news, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the transaction, the vice president now directly owns 21,424 shares in the company, valued at approximately $6,461,478.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total value of $723,335.10. Following the transaction, the director now owns 154,419 shares of the company’s stock, valued at $51,003,051.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,692 shares of company stock valued at $5,026,873. 23.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new stake in Tesla during the 3rd quarter valued at $100,000. Mckinley Capital Management LLC Delaware purchased a new stake in Tesla during the 3rd quarter valued at $106,000. Pittenger & Anderson Inc. raised its holdings in Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares during the period. First Personal Financial Services purchased a new stake in Tesla during the 3rd quarter valued at $148,000. Finally, WFG Advisors LP raised its holdings in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 57.12% 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.
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