Tesla Inc. (TSLA) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.

Tesla Inc. (NASDAQ:TSLA)‘s stock had its “hold” rating reissued by research analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Monday.

A number of other equities analysts also recently issued reports on the stock. Barclays PLC reissued a “sell” rating on shares of Tesla in a report on Sunday. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price objective on the stock in a report on Friday, October 13th. Morgan Stanley raised their price objective on shares of Tesla from $317.00 to $379.00 and gave the stock an “equal weight” rating in a report on Monday, October 9th. Guggenheim reissued a “buy” rating and issued a $430.00 price objective on shares of Tesla in a report on Friday, October 6th. Finally, Standpoint Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Ten research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. Tesla has an average rating of “Hold” and an average price target of $327.37.

Shares of Tesla (NASDAQ TSLA) opened at 355.75 on Monday. The stock has a 50 day moving average of $355.31 and a 200 day moving average of $338.28. The company’s market cap is $59.37 billion. Tesla has a 52-week low of $178.19 and a 52-week high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.67. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The firm’s revenue was up 119.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.06) earnings per share. On average, equities research analysts expect that Tesla will post ($6.51) EPS for the current year.

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In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the completion of the sale, the director now directly owns 160,274 shares of the company’s stock, valued at $51,505,652.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the sale, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The disclosure for this sale can be found here. Insiders have sold 51,446 shares of company stock valued at $17,504,929 over the last three months. Insiders own 23.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Pittenger & Anderson Inc. boosted its stake in shares of Tesla by 20.0% during the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after purchasing an additional 50 shares during the period. Winfield Associates Inc. boosted its stake in shares of Tesla by 85.2% during the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after purchasing an additional 150 shares during the period. Acropolis Investment Management LLC purchased a new stake in shares of Tesla during the second quarter valued at $122,000. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after purchasing an additional 9 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Tesla

A number of other equities analysts also recently issued reports on the stock. Barclays PLC reissued a “sell” rating on shares of Tesla in a report on Sunday. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price objective on the stock in a report on Friday, October 13th. Morgan Stanley raised their price objective on shares of Tesla from $317.00 to $379.00 and gave the stock an “equal weight” rating in a report on Monday, October 9th. Guggenheim reissued a “buy” rating and issued a $430.00 price objective on shares of Tesla in a report on Friday, October 6th. Finally, Standpoint Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Ten research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. Tesla has an average rating of “Hold” and an average price target of $327.37.

Shares of Tesla (NASDAQ TSLA) opened at 355.75 on Monday. The stock has a 50 day moving average of $355.31 and a 200 day moving average of $338.28. The company’s market cap is $59.37 billion. Tesla has a 52-week low of $178.19 and a 52-week high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.67. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The firm’s revenue was up 119.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.06) earnings per share. On average, equities research analysts expect that Tesla will post ($6.51) EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/18/tesla-inc-tsla-stock-rating-reaffirmed-by-oppenheimer-holdings-inc.html.

In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the completion of the sale, the director now directly owns 160,274 shares of the company’s stock, valued at $51,505,652.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the sale, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The disclosure for this sale can be found here. Insiders have sold 51,446 shares of company stock valued at $17,504,929 over the last three months. Insiders own 23.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Pittenger & Anderson Inc. boosted its stake in shares of Tesla by 20.0% during the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after purchasing an additional 50 shares during the period. Winfield Associates Inc. boosted its stake in shares of Tesla by 85.2% during the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after purchasing an additional 150 shares during the period. Acropolis Investment Management LLC purchased a new stake in shares of Tesla during the second quarter valued at $122,000. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after purchasing an additional 9 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Tesla by 8.7% during the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after purchasing an additional 28 shares during the period. 56.62% of the stock is owned by hedge funds and other institutional investors.

About Tesla

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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