Tesla Inc. (NASDAQ:TSLA) has been assigned a consensus recommendation of “Hold” from the thirty-six ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $301.97.
TSLA has been the topic of several research analyst reports. Zacks Investment Research raised Tesla from a “hold” rating to a “buy” rating and set a $345.00 price objective on the stock in a research note on Tuesday, April 25th. Vetr cut Tesla from a “strong-buy” rating to a “buy” rating and set a $385.74 target price for the company. in a report on Thursday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $240.00 target price on shares of Tesla in a report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $180.00 target price (down previously from $190.00) on shares of Tesla in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada increased their target price on Tesla from $314.00 to $345.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd.
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Shares of Tesla (TSLA) opened at 365.22 on Friday. The company’s market cap is $60.34 billion. Tesla has a 1-year low of $178.19 and a 1-year high of $386.99. The stock has a 50 day moving average price of $346.20 and a 200-day moving average price of $302.00.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative return on equity of 17.71% and a negative net margin of 7.61%. The firm’s revenue was up 119.6% compared to the same quarter last year. During the same quarter last year, the business posted ($1.06) EPS. Analysts predict that Tesla will post ($6.23) earnings per share for the current fiscal year.
In related news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total value of $703,778.40. Following the transaction, the director now directly owns 160,274 shares of the company’s stock, valued at $51,505,652.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSLA. Dimensional Fund Advisors LP boosted its position in shares of Tesla by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 96,896 shares of the electric vehicle producer’s stock worth $20,707,000 after buying an additional 20,082 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer’s stock worth $62,082,000 after buying an additional 25,012 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Tesla by 8.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,558 shares of the electric vehicle producer’s stock worth $390,000 after buying an additional 127 shares during the last quarter. Teachers Advisors LLC boosted its stake in Tesla by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 153,551 shares of the electric vehicle producer’s stock worth $32,812,000 after buying an additional 13,705 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Tesla by 22.1% in the fourth quarter. Macquarie Group Ltd. now owns 48,626 shares of the electric vehicle producer’s stock worth $10,391,000 after buying an additional 8,800 shares during the last quarter. 63.71% of the stock is currently owned by institutional investors and hedge funds.
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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