Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reissued by stock analysts at KeyCorp in a note issued to investors on Tuesday, June 12th.
TSLA has been the subject of a number of other reports. Goldman Sachs Group lowered their target price on shares of Tesla from $205.00 to $195.00 and set a “sell” rating for the company in a research note on Tuesday, April 10th. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $329.00 target price for the company in a report on Tuesday, May 8th. Vetr downgraded shares of Tesla from a “hold” rating to a “sell” rating and set a $341.15 price objective on the stock. in a report on Monday, February 26th. Finally, Morgan Stanley cut their price objective on shares of Tesla from $379.00 to $376.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 18th. Eleven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $299.36.
Tesla opened at $333.63 on Tuesday, Marketbeat reports. Tesla has a 1 year low of $244.59 and a 1 year high of $389.61. The company has a market cap of $59.01 billion, a PE ratio of -29.06 and a beta of 0.88. The company has a current ratio of 0.74, a quick ratio of 0.44 and a debt-to-equity ratio of 1.65.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) EPS for the quarter, missing the consensus estimate of ($2.40) by ($0.95). The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.30 billion. Tesla had a negative return on equity of 40.72% and a negative net margin of 18.77%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.33) earnings per share. analysts anticipate that Tesla will post -10.94 earnings per share for the current fiscal year.
In other news, CEO Elon Musk purchased 33,000 shares of the business’s stock in a transaction on Monday, May 7th. The shares were bought at an average price of $298.50 per share, with a total value of $9,850,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Douglas Field sold 3,000 shares of Tesla stock in a transaction that occurred 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 transaction, the vice president now directly owns 20,964 shares in the company, valued at approximately $7,531,736.28. The disclosure for this sale can be found here. 22.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position 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 during the period. Global Financial Private Capital LLC increased its position in Tesla by 4.5% during the first quarter. Global Financial Private Capital LLC now owns 3,952 shares of the electric vehicle producer’s stock worth $1,052,000 after buying an additional 171 shares during the period. Hartland & Co. LLC increased its position in Tesla by 11.2% during the fourth quarter. Hartland & Co. LLC now owns 1,712 shares of the electric vehicle producer’s stock worth $533,000 after buying an additional 173 shares during the period. Financial Advocates Investment Management increased its position in Tesla by 4.8% during the first quarter. Financial Advocates Investment Management now owns 3,864 shares of the electric vehicle producer’s stock worth $1,028,000 after buying an additional 176 shares during the period. Finally, FCG Advisors LLC increased its position in Tesla by 26.6% during the first quarter. FCG Advisors LLC now owns 881 shares of the electric vehicle producer’s stock worth $234,000 after buying an additional 185 shares during the period. 60.67% of the stock is currently owned by institutional investors.
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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