Robert W. Baird reaffirmed their outperform rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research report report published on Monday. Robert W. Baird currently has a $411.00 price objective on the electric vehicle producer’s stock, up from their prior price objective of $368.00.
TSLA has been the subject of several other reports. Berenberg Bank upgraded shares of Tesla from a hold rating to a buy rating and upped their price target for the company from $193.00 to $464.00 in a research report on Tuesday, June 13th. Argus upgraded shares of Tesla from a hold rating to a buy rating and upped their price target for the company from $355.17 to $444.00 in a research report on Tuesday, August 8th. Vetr lowered shares of Tesla from a strong-buy rating to a buy rating and set a $358.85 price target for the company. in a research report on Tuesday, July 11th. Guggenheim upped their price target on shares of Tesla from $320.00 to $380.00 and gave the company a buy rating in a research report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) restated a sell rating and set a $180.00 price target (down from $190.00) on shares of Tesla in a research report on Monday, July 31st. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $310.84.
Tesla (TSLA) opened at 352.485 on Monday. The company’s market capitalization is $58.83 billion. The company’s 50-day moving average price is $339.60 and its 200 day moving average price is $310.11. Tesla has a 12 month low of $178.19 and a 12 month high of $386.99.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted ($1.06) earnings per share. The company’s revenue was up 119.6% on a year-over-year basis. Analysts forecast that Tesla will post ($6.23) EPS for the current fiscal year.
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In related news, Director Kimbal Musk sold 4,690 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $367.68, for a total value of $1,724,419.20. Following the sale, the director now owns 166,164 shares in the company, valued at $61,095,179.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.10% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Crestwood Advisors Group LLC bought a new stake in shares of Tesla during the first quarter valued at about $101,000. Pittenger & Anderson Inc. boosted its stake in shares of Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Tesla by 1,213.3% in the first quarter. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer’s stock valued at $109,000 after buying an additional 364 shares in the last quarter. Winfield Associates Inc. boosted its stake in shares of Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Tesla during the first quarter valued at about $122,000. Institutional investors own 62.92% of the company’s stock.
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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