Several other research analysts have also recently issued reports on TSLA. Jefferies Financial Group reissued a “buy” rating and set a $450.00 target price on shares of Tesla in a report on Wednesday, March 27th. Oppenheimer raised their target price on shares of Tesla from $418.00 to $437.00 and gave the stock an “outperform” rating in a report on Thursday, January 31st. Berenberg Bank set a $500.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Friday, March 1st. Canaccord Genuity raised shares of Tesla from a “hold” rating to a “buy” rating and raised their target price for the stock from $330.00 to $450.00 in a report on Monday, February 11th. Finally, Goldman Sachs Group reissued a “sell” rating and set a $225.00 target price on shares of Tesla in a report on Tuesday, January 22nd. Fifteen research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $315.41.
NASDAQ:TSLA opened at $271.23 on Thursday. Tesla has a 12 month low of $247.77 and a 12 month high of $387.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.83 and a quick ratio of 0.52. The firm has a market cap of $46.01 billion, a PE ratio of -47.42, a P/E/G ratio of 6.03 and a beta of 0.35.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.93. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period in the previous year, the firm posted ($3.04) earnings per share. The business’s revenue for the quarter was up 119.8% compared to the same quarter last year. On average, equities analysts predict that Tesla will post 1.26 EPS for the current year.
In related news, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $267.50, for a total transaction of $4,012,500.00. Following the transaction, the insider now directly owns 306,748 shares in the company, valued at $82,055,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Antonio J. Gracias sold 16,780 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $275.92, for a total transaction of $4,629,937.60. Following the transaction, the director now owns 8,728 shares in the company, valued at $2,408,229.76. The disclosure for this sale can be found here. Insiders have sold 98,040 shares of company stock valued at $28,575,874 in the last three months. Corporate insiders own 22.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vista Capital Partners Inc. acquired a new position in Tesla in the 4th quarter valued at about $241,000. Strategic Wealth Management Group LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $224,000. Daiwa SB Investments Ltd. lifted its holdings in shares of Tesla by 7.0% in the 4th quarter. Daiwa SB Investments Ltd. now owns 19,207 shares of the electric vehicle producer’s stock worth $6,392,000 after acquiring an additional 1,250 shares during the last quarter. Berkshire Capital Holdings Inc. lifted its holdings in shares of Tesla by 371,900.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 18,600 shares of the electric vehicle producer’s stock worth $6,190,000 after acquiring an additional 18,595 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Tesla by 15.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,190 shares of the electric vehicle producer’s stock worth $5,055,000 after acquiring an additional 1,990 shares during the last quarter. Hedge funds and other institutional investors own 59.50% of the company’s stock.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, 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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