Tesla Inc. (NASDAQ:TSLA)‘s stock had its “hold” rating reiterated by Argus in a report released on Thursday, May 11th.
Other equities research analysts have also issued research reports about the company. Pacific Crest lowered Tesla to a “hold” rating in a research note on Wednesday, April 5th. Guggenheim reaffirmed a “buy” rating and issued a $320.00 target price on shares of Tesla in a research note on Wednesday, April 19th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $267.30 price target on the stock in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Tesla in a research note on Thursday, March 23rd. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $187.00 price target on shares of Tesla in a research note on Tuesday, March 28th. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $288.17.
Tesla (NASDAQ:TSLA) opened at 371.40 on Thursday. Tesla has a 12-month low of $178.19 and a 12-month high of $384.25. The company’s market cap is $61.01 billion. The firm has a 50-day moving average price of $331.64 and a 200-day moving average price of $271.08.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by $1.30. Tesla had a negative return on equity of 17.13% and a negative net margin of 8.46%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.56 billion. On average, equities research analysts forecast that Tesla will post ($5.80) earnings per share for the current fiscal year.
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In other Tesla news, Director Kimbal Musk sold 2,500 shares of Tesla stock in a transaction on Monday, May 1st. The shares were sold at an average price of $315.67, for a total transaction of $789,175.00. Following the completion of the sale, the director now owns 168,355 shares of the company’s stock, valued at approximately $53,144,622.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Douglas Field sold 500 shares of the firm’s stock in a transaction on Friday, April 7th. The shares were sold at an average price of $301.45, for a total transaction of $150,725.00. The disclosure for this sale can be found here. Insiders sold a total of 242,791 shares of company stock valued at $74,745,344 in the last ninety days. Company insiders own 23.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. TrueNorth Inc. acquired a new position in Tesla during the first quarter worth $240,000. Perigon Wealth Management LLC increased its position in Tesla by 0.9% in the first quarter. Perigon Wealth Management LLC now owns 8,025 shares of the electric vehicle producer’s stock worth $2,233,000 after buying an additional 74 shares in the last quarter. Piedmont Investment Advisors LLC increased its position in Tesla by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 26,006 shares of the electric vehicle producer’s stock worth $7,237,000 after buying an additional 227 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Tesla by 4.7% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 22,102 shares of the electric vehicle producer’s stock worth $6,151,000 after buying an additional 985 shares in the last quarter. Finally, Bedell Frazier Investment Counseling LLC increased its position in Tesla by 4.1% in the first quarter. Bedell Frazier Investment Counseling LLC now owns 23,221 shares of the electric vehicle producer’s stock worth $6,462,000 after buying an additional 915 shares in the last quarter. Institutional investors and hedge funds own 63.78% of the company’s stock.
Tesla Company Profile
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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