Vetr cut shares of Tesla Inc. (NASDAQ:TSLA) from a sell rating to a strong sell rating in a report issued on Monday morning. They currently have $272.81 price objective on the electric vehicle producer’s stock.
Other analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) raised their price objective on Tesla from $180.00 to $190.00 in a research report on Friday, August 4th. Argus raised Tesla from a hold rating to a buy rating and raised their price objective for the stock from $355.17 to $444.00 in a research report on Tuesday, August 8th. Berenberg Bank reissued a buy rating on shares of Tesla in a research report on Thursday, August 3rd. Guggenheim reissued a buy rating and set a $430.00 price objective on shares of Tesla in a research report on Thursday, August 10th. Finally, Robert W. Baird reissued a buy rating and set a $411.00 price objective on shares of Tesla in a research report on Friday, September 29th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $329.87.
Tesla (NASDAQ:TSLA) opened at $308.74 on Monday. Tesla has a fifty-two week low of $180.00 and a fifty-two week high of $389.61. 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 (NASDAQ:TSLA) last posted its quarterly 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. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. analysts anticipate that Tesla will post -11.38 earnings per share for the current year.
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In related news, Director Kimbal Musk sold 2,190 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $355.20, for a total transaction of $777,888.00. Following the transaction, the director now directly owns 158,584 shares in the company, valued at $56,329,036.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Branderiz sold 1,736 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total value of $589,354.64. Following the transaction, the vice president now owns 1,736 shares in the company, valued at $589,354.64. The disclosure for this sale can be found here. Insiders have sold 10,741 shares of company stock worth $3,579,311 over the last quarter. 23.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of Tesla in the 3rd quarter worth about $100,000. Pittenger & Anderson Inc. raised its holdings in shares of Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after purchasing an additional 50 shares during the period. Mckinley Capital Management LLC Delaware purchased a new position in shares of Tesla in the 3rd quarter worth about $106,000. Winfield Associates Inc. raised its holdings in shares of Tesla by 85.2% in the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after purchasing an additional 150 shares during the period. Finally, Carroll Financial Associates Inc. raised its holdings in shares of Tesla by 8.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock worth $126,000 after purchasing an additional 28 shares during the period. Institutional investors own 55.71% of the company’s stock.
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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