Several other research analysts also recently weighed in on the company. Goldman Sachs Group reiterated a sell rating and issued a $195.00 price target on shares of Tesla in a report on Monday, July 30th. Guggenheim set a $430.00 price target on Tesla and gave the company a buy rating in a report on Tuesday, May 29th. Berenberg Bank set a $500.00 price target on Tesla and gave the company a buy rating in a report on Monday, May 21st. Oppenheimer upgraded Tesla from a market perform rating to an outperform rating and set a $385.00 price target for the company in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded Tesla from a buy rating to a hold rating in a report on Tuesday, August 7th. Twelve investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $310.71.
TSLA stock opened at $280.74 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.37 and a current ratio of 0.73. The company has a market capitalization of $51.46 billion, a P/E ratio of -24.39 and a beta of 0.87. Tesla has a 1 year low of $244.59 and a 1 year high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 1st. The electric vehicle producer reported ($3.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.61) by $0.55. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.93 billion. Tesla had a negative return on equity of 50.84% and a negative net margin of 19.89%. Tesla’s revenue was up 43.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.33) EPS. analysts expect that Tesla will post -10.77 earnings per share for the current year.
In related news, VP John Douglas Field sold 3,000 shares of the company’s stock in a transaction 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 directly owns 20,964 shares of the company’s stock, valued at approximately $7,531,736.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Elon Musk purchased 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were acquired at an average cost of $343.19 per share, with a total value of $18,875,450.00. The disclosure for this purchase can be found here. 22.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Northwest Wealth Management LLC purchased a new stake in Tesla during the 2nd quarter worth $103,000. Stelac Advisory Services LLC purchased a new stake in Tesla during the 2nd quarter worth $114,000. BerganKDV Wealth Management LLC purchased a new stake in Tesla during the 2nd quarter worth $124,000. Macroview Investment Management LLC purchased a new stake in Tesla during the 1st quarter worth $106,000. Finally, Jacobi Capital Management LLC boosted its position in Tesla by 154.4% during the 1st quarter. Jacobi Capital Management LLC now owns 430 shares of the electric vehicle producer’s stock worth $109,000 after purchasing an additional 261 shares during the period. 56.26% of the stock is owned by hedge funds and other institutional investors.
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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