Tesla Inc (NASDAQ:TSLA) has received a consensus recommendation of “Hold” from the thirty-six research firms that are presently covering the company, Marketbeat reports. Thirteen equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $330.84.
Several analysts have commented on the company. KeyCorp restated a “hold” rating on shares of Tesla in a report on Tuesday. BidaskClub cut Tesla from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup restated a “neutral” rating and issued a $347.00 price target (down previously from $367.00) on shares of Tesla in a report on Thursday, March 8th. Vetr upgraded Tesla from a “hold” rating to a “buy” rating and set a $342.95 price target for the company in a report on Monday. Finally, Dougherty & Co lifted their price target on Tesla from $340.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 8th.
In related news, VP Eric Branderiz sold 452 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $325.44, for a total transaction of $147,098.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 4,065 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the transaction, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The disclosure for this sale can be found here. Insiders have sold a total of 7,719 shares of company stock worth $2,506,406 over the last three months. 23.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its position in Tesla by 2.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,130 shares of the electric vehicle producer’s stock worth $5,333,000 after acquiring an additional 455 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Tesla by 24.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,660 shares of the electric vehicle producer’s stock worth $517,000 after acquiring an additional 327 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in Tesla by 10.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 22,819 shares of the electric vehicle producer’s stock worth $7,105,000 after acquiring an additional 2,109 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Tesla by 20.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock worth $279,000 after acquiring an additional 155 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Tesla by 8.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,674 shares of the electric vehicle producer’s stock worth $22,938,000 after acquiring an additional 5,850 shares in the last quarter. 58.30% of the stock is currently owned by hedge funds and other institutional investors.
Tesla (NASDAQ:TSLA) traded down $4.25 on Friday, reaching $321.35. The company’s stock had a trading volume of 6,115,555 shares, compared to its average volume of 5,817,324. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The stock has a market cap of $54,400.00, a PE ratio of -42.90 and a beta of 1.01. Tesla has a 52 week low of $250.24 and a 52 week high of $389.61.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The firm’s revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.69) EPS. equities research analysts predict that Tesla will post -15.15 EPS for the current year.
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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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