Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reaffirmed by analysts at KeyCorp in a research note issued on Tuesday, June 12th.
Several other research analysts have also weighed in on TSLA. Vetr upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $339.63 price objective on the stock in a research note on Monday, February 12th. BidaskClub lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Citigroup initiated coverage on shares of Tesla in a research note on Tuesday, February 13th. They set a “buy” rating and a $425.00 price objective on the stock. Zacks Investment Research lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, Jefferies Financial Group restated a “sell” rating and set a $250.00 price objective on shares of Tesla in a research note on Monday, March 19th. Eleven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Tesla presently has an average rating of “Hold” and an average target price of $299.36.
Shares of NASDAQ:TSLA opened at $342.95 on Tuesday. The stock has a market cap of $59.42 billion, a price-to-earnings ratio of -29.87 and a beta of 0.88. Tesla has a one year low of $244.59 and a one year high of $389.61. The company has a current ratio of 0.74, a quick ratio of 0.44 and a debt-to-equity ratio of 1.65.
Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($0.95). The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.30 billion. Tesla had a negative return on equity of 40.72% and a negative net margin of 18.77%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.33) earnings per share. equities analysts forecast that Tesla will post -10.94 EPS for the current fiscal year.
In other news, VP John Douglas Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $359.27, for a total transaction of $1,077,810.00. Following the completion of the sale, the vice president now owns 20,964 shares of the company’s stock, valued at approximately $7,531,736.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Elon Musk purchased 33,000 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were purchased at an average cost of $298.50 per share, with a total value of $9,850,500.00. The disclosure for this purchase can be found here. Corporate insiders own 22.80% of the company’s stock.
A number of large investors have recently modified their holdings of TSLA. US Bancorp DE lifted its stake in Tesla by 7.3% in the 4th quarter. US Bancorp DE now owns 12,357 shares of the electric vehicle producer’s stock valued at $3,847,000 after purchasing an additional 840 shares during the last quarter. Alps Advisors Inc. lifted its stake in Tesla by 34.7% in the 4th quarter. Alps Advisors Inc. now owns 1,235 shares of the electric vehicle producer’s stock valued at $385,000 after purchasing an additional 318 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Tesla by 20.9% in the 4th quarter. Teacher Retirement System of Texas now owns 36,510 shares of the electric vehicle producer’s stock valued at $11,367,000 after purchasing an additional 6,323 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Tesla by 12.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,675 shares of the electric vehicle producer’s stock valued at $1,456,000 after purchasing an additional 521 shares during the last quarter. Finally, EFG Asset Management Americas Corp. bought a new position in Tesla in the 4th quarter valued at approximately $571,000. 60.68% of the stock is owned by institutional investors and hedge funds.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, 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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