Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating restated by stock analysts at Robert W. Baird in a report released on Monday. They currently have a $411.00 price objective on the electric vehicle producer’s stock. Robert W. Baird’s price target suggests a potential upside of 37.15% from the company’s current price.
A number of other equities analysts also recently commented on TSLA. Guggenheim set a $430.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Tuesday, May 29th. BidaskClub upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Needham & Company LLC initiated coverage on shares of Tesla in a research report on Friday, June 1st. They set a “hold” rating for the company. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded shares of Tesla from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. Fourteen investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $312.54.
Shares of Tesla stock opened at $299.68 on Monday. Tesla has a 12-month low of $244.59 and a 12-month high of $387.46. The company has a quick ratio of 0.37, a current ratio of 0.73 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $51.02 billion, a PE ratio of -26.10 and a beta of 0.87.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, August 1st. The electric vehicle producer reported ($3.06) EPS for the quarter, beating the consensus estimate of ($3.61) by $0.55. Tesla had a negative net margin of 19.89% and a negative return on equity of 50.84%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned ($1.33) EPS. Tesla’s revenue for the quarter was up 43.5% on a year-over-year basis. research analysts expect that Tesla will post -10.77 earnings per share for the current year.
In other news, Director Kimbal Musk sold 1,875 shares of the stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $358.26, for a total value of $671,737.50. Following the completion of the transaction, the director now owns 150,208 shares in the company, valued at approximately $53,813,518.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in Tesla by 150.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,785 shares of the electric vehicle producer’s stock valued at $955,000 after acquiring an additional 1,673 shares during the last quarter. Accredited Investors Inc. acquired a new stake in Tesla in the 2nd quarter valued at about $221,000. Alps Advisors Inc. acquired a new stake in Tesla in the 2nd quarter valued at about $385,000. Segall Bryant & Hamill LLC acquired a new stake in Tesla in the 2nd quarter valued at about $274,000. Finally, Independent Advisor Alliance grew its stake in Tesla by 42.0% in the 2nd quarter. Independent Advisor Alliance now owns 1,177 shares of the electric vehicle producer’s stock valued at $404,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds own 62.00% of the company’s stock.
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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