ValuEngine upgraded shares of Tesla (NASDAQ:TSLA) from a sell rating to a hold rating in a research report released on Wednesday morning.
TSLA has been the topic of a number of other reports. Argus raised Tesla from a hold rating to a buy rating and boosted their price target for the stock from $355.17 to $444.00 in a research report on Tuesday, August 8th. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the stock a hold rating in a research report on Monday, November 13th. Barclays reissued a sell rating on shares of Tesla in a research report on Sunday, October 15th. Royal Bank Of Canada dropped their price target on Tesla from $345.00 to $340.00 and set a sector perform rating on the stock in a research report on Thursday, November 2nd. Finally, Vetr raised Tesla from a strong sell rating to a sell rating and set a $282.88 price target on the stock in a research report on Thursday, November 2nd. Twelve equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $331.56.
Tesla (NASDAQ:TSLA) traded up $9.56 during trading on Wednesday, reaching $313.26. The company’s stock had a trading volume of 7,195,300 shares, compared to its average volume of 6,392,041. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a fifty-two week low of $185.00 and a fifty-two week high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. analysts forecast that Tesla will post -11.38 earnings per share for the current year.
In other Tesla news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $341.69, for a total transaction of $748,301.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now owns 21,424 shares of the company’s stock, valued at $6,461,478.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,188 shares of company stock valued at $3,310,563. Company insiders own 23.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC purchased a new stake in shares of Tesla in the 3rd quarter worth $100,000. Pittenger & Anderson Inc. increased its stake in shares of Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after purchasing an additional 50 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Tesla in the 3rd quarter worth $106,000. First Eagle Investment Management LLC increased its stake in shares of Tesla by 285.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock worth $146,000 after purchasing an additional 300 shares in the last quarter. Finally, First Personal Financial Services purchased a new stake in shares of Tesla in the 3rd quarter worth $148,000. Institutional investors and hedge funds own 57.20% of the company’s stock.
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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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