Tesla Inc (NASDAQ:TSLA) has received an average rating of “Hold” from the thirty-six ratings firms that are covering the stock, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $330.96.
TSLA has been the topic of a number of recent research reports. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Cascend Securities cut shares of Tesla from a “hold” rating to a “sell” rating and set a $250.00 target price on the stock. in a report on Tuesday, December 5th. Evercore ISI cut their target price on shares of Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a report on Sunday, October 29th. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $293.06 target price on the stock in a report on Wednesday, December 20th. Finally, Citigroup reissued a “hold” rating and issued a $367.00 target price on shares of Tesla in a report on Wednesday, November 15th.
Tesla (NASDAQ:TSLA) opened at $325.20 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla has a twelve month low of $207.71 and a twelve month high of $389.61. The stock has a market cap of $54,660.00, a PE ratio of -37.99 and a beta of 0.95.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 22.49% and a negative return on equity of 50.61%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company posted $0.71 earnings per share. Tesla’s revenue was up 29.9% on a year-over-year basis. equities analysts expect that Tesla will post -11.38 EPS for the current fiscal year.
In related news, VP Eric Branderiz sold 1,736 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the transaction, the vice president now owns 1,736 shares in the company, valued at $589,354.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Douglas Field sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total transaction of $476,938.00. Following the transaction, the vice president now owns 21,528 shares in the company, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. Insiders have sold 12,817 shares of company stock worth $4,171,699 in the last quarter. Company insiders own 23.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of Tesla during the third quarter valued at approximately $100,000. Pittenger & Anderson Inc. grew its position in Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after buying an additional 50 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Tesla in the third quarter worth approximately $106,000. First Personal Financial Services acquired a new position in Tesla in the third quarter worth approximately $148,000. Finally, WFG Advisors LP grew its position in Tesla by 106.8% in the second quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after buying an additional 236 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.
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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