Tesla Inc (NASDAQ:TSLA)‘s stock had its “sell” rating reiterated by stock analysts at Goldman Sachs Group Inc in a report issued on Thursday, April 6th.
Several other research analysts have also recently weighed in on the stock. Robert W. Baird restated a “buy” rating on shares of Tesla in a report on Wednesday, December 14th. Vetr cut shares of Tesla from a “hold” rating to a “sell” rating and set a $244.11 price target on the stock. in a report on Tuesday, January 31st. FBN Securities boosted their price target on shares of Tesla from $275.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. Deutsche Bank AG restated a “hold” rating and set a $215.00 price target (down from $290.00) on shares of Tesla in a report on Tuesday, December 13th. Finally, Cowen and Company set a $155.00 target price on shares of Tesla and gave the company a “sell” rating in a research note on Thursday, February 23rd. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $270.99.
Shares of Tesla (NASDAQ:TSLA) opened at 295.46 on Thursday. The company has a 50-day moving average price of $292.26 and a 200 day moving average price of $240.30. Tesla has a 52-week low of $178.19 and a 52-week high of $327.66. The firm’s market capitalization is $47.77 billion. Tesla also was the recipient of some unusual options trading activity on Tuesday. Traders acquired 84,677 put options on the stock. This is an increase of 112% compared to the average daily volume of 40,003 put options.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the consensus estimate of ($0.67) by $1.30. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.56 billion. Analysts expect that Tesla will post ($2.53) EPS for the current fiscal year.
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In related news, Director Kimbal Musk sold 2,500 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $286.28, for a total value of $715,700.00. Following the sale, the director now owns 170,546 shares in the company, valued at $48,823,908.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antonio J. Gracias sold 5,600 shares of the business’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $254.44, for a total transaction of $1,424,864.00. Following the completion of the sale, the director now owns 5,600 shares in the company, valued at approximately $1,424,864. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,291 shares of company stock worth $3,764,297. Insiders own 27.70% of the company’s stock.
A number of large investors have recently made changes to their positions in TSLA. Reilly Financial Advisors LLC raised its position in Tesla by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 237 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in Tesla during the first quarter valued at approximately $101,000. Independent Advisor Alliance purchased a new position in Tesla during the fourth quarter valued at approximately $102,000. Parallel Advisors LLC purchased a new position in Tesla during the fourth quarter valued at approximately $104,000. Finally, Advisory Services Network LLC purchased a new position in Tesla during the first quarter valued at approximately $122,000. Institutional investors own 57.29% 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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