Tesla Inc (NASDAQ:TSLA) has received an average rating of “Hold” from the thirty-six ratings firms that are presently covering the firm, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $330.84.
TSLA has been the subject of several research reports. Zacks Investment Research lowered shares of Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Vetr lowered shares of Tesla from a “buy” rating to a “hold” rating and set a $331.97 price target for the company. in a research report on Tuesday, January 9th. Morgan Stanley set a $379.00 price target on shares of Tesla and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Cann lowered shares of Tesla from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th.
Shares of Tesla (NASDAQ:TSLA) traded down $10.00 during mid-day trading on Friday, hitting $331.84. 4,453,376 shares of the stock traded hands, compared to its average volume of 5,693,020. The stock has a market capitalization of $56,230.00, a P/E ratio of -44.34 and a beta of 1.01. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. Tesla has a 52 week low of $250.24 and a 52 week high of $389.61.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.69) earnings per share. equities research analysts predict that Tesla will post -15.15 earnings per share for the current year.
In related news, Director Kimbal Musk sold 4,065 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric Branderiz sold 801 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total transaction of $284,018.58. Following the completion of the sale, the vice president now directly owns 1,287 shares in the company, valued at $456,344.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,719 shares of company stock worth $2,506,406. Insiders own 23.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TSLA. Wealthcare Advisory Partners LLC purchased a new stake in Tesla in the third quarter valued at approximately $100,000. Truewealth LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $102,000. Mckinley Capital Management LLC Delaware purchased a new stake in Tesla in the third quarter valued at approximately $106,000. Avestar Capital LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $144,000. Finally, FDx Advisors Inc. purchased a new position in shares of Tesla during the fourth quarter worth approximately $203,000. 58.30% of the stock is currently owned by institutional investors and hedge funds.
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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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