Several other analysts have also issued reports on the stock. Vetr raised shares of Tesla from a buy rating to a strong-buy rating and set a $354.98 price target on the stock in a research report on Monday. Jefferies Group set a $250.00 price target on shares of Tesla and gave the stock a sell rating in a research report on Monday. KeyCorp reaffirmed a hold rating on shares of Tesla in a research report on Tuesday, March 13th. BidaskClub lowered shares of Tesla from a hold rating to a sell rating in a research report on Tuesday, March 13th. Finally, Citigroup reissued a neutral rating and issued a $347.00 price objective (down from $367.00) on shares of Tesla in a research report on Thursday, March 8th. Thirteen analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $322.64.
Shares of Tesla stock opened at $313.56 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.56 and a debt-to-equity ratio of 1.80. Tesla has a 1 year low of $250.24 and a 1 year high of $389.61. The stock has a market cap of $54,282.41, a price-to-earnings ratio of -26.60 and a beta of 1.01.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the firm posted ($0.69) earnings per share. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. equities analysts anticipate 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 stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $330.06, for a total transaction of $330,060.00. Following the sale, the vice president now directly owns 19,028 shares in the company, valued at $6,280,381.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $141,753.50. Following the sale, the vice president now owns 1,248 shares in the company, valued at $441,168. The disclosure for this sale can be found here. Insiders have sold 7,719 shares of company stock worth $2,506,406 over the last quarter. Corporate insiders own 23.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in Tesla by 20.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock worth $279,000 after buying an additional 155 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Tesla by 0.7% during the third quarter. First Republic Investment Management Inc. now owns 23,373 shares of the electric vehicle producer’s stock worth $7,972,000 after buying an additional 161 shares in the last quarter. Parallel Advisors LLC grew its stake in Tesla by 12.7% during the third quarter. Parallel Advisors LLC now owns 1,438 shares of the electric vehicle producer’s stock worth $454,000 after buying an additional 162 shares in the last quarter. Catawba Capital Management VA grew its stake in Tesla by 6.0% during the fourth quarter. Catawba Capital Management VA now owns 2,935 shares of the electric vehicle producer’s stock worth $914,000 after buying an additional 165 shares in the last quarter. Finally, Essex Financial Services Inc. grew its stake in Tesla by 4.9% during the fourth quarter. Essex Financial Services Inc. now owns 3,549 shares of the electric vehicle producer’s stock worth $1,105,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 58.18% of the company’s stock.
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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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