Tesla (NASDAQ:TSLA) had its target price lifted by stock analysts at Wedbush from $1,000.00 to $1,250.00 in a research note issued on Thursday, Briefing.com Automated Import reports. The firm currently has a "neutral" rating on the electric vehicle producer's stock. Wedbush's price objective would suggest a potential upside of 2.81% from the company's current price.
Several other equities analysts also recently commented on TSLA. Oppenheimer restated a "buy" rating and issued a $968.00 price target on shares of Tesla in a research note on Tuesday. Cfra upgraded shares of Tesla to a "hold" rating in a research note on Tuesday, March 17th. Goldman Sachs Group downgraded shares of Tesla to a "hold" rating and set a $950.00 price target for the company. in a research note on Tuesday. Nord/LB reaffirmed a "sell" rating and set a $350.00 price objective on shares of Tesla in a research report on Friday, April 3rd. Finally, Piper Sandler lifted their price objective on shares of Tesla from $819.00 to $939.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Eleven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. The stock currently has an average rating of "Hold" and an average target price of $630.19.
Tesla stock opened at $1,215.82 on Thursday. Tesla has a fifty-two week low of $211.00 and a fifty-two week high of $1,135.33. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.87 and a current ratio of 1.24. The firm has a 50 day moving average price of $900.89 and a 200 day moving average price of $680.09. The company has a market capitalization of $207.55 billion, a PE ratio of -1,258.01 and a beta of 1.18.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, April 29th. The electric vehicle producer reported $1.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.36) by $1.60. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.85 billion. Tesla had a negative net margin of 0.55% and a negative return on equity of 1.86%. The firm's revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter last year, the firm earned ($2.90) EPS. As a group, equities research analysts forecast that Tesla will post -0.56 earnings per share for the current year.
In other news, SVP Andrew D. Baglino sold 300 shares of the business's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $623.63, for a total transaction of $187,089.00. Following the transaction, the senior vice president now directly owns 4,445 shares in the company, valued at $2,772,035.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Vaibhav Taneja sold 500 shares of the business's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $949.76, for a total transaction of $474,880.00. Following the transaction, the chief accounting officer now owns 2,514 shares in the company, valued at $2,387,696.64. The disclosure for this sale can be found here. Insiders sold 18,198 shares of company stock valued at $15,698,572 over the last ninety days. Corporate insiders own 23.00% of the company's stock.
Several institutional investors have recently modified their holdings of the company. Capital World Investors increased its stake in shares of Tesla by 4.4% during the fourth quarter. Capital World Investors now owns 10,694,412 shares of the electric vehicle producer's stock worth $4,473,791,000 after acquiring an additional 454,250 shares during the period. Jennison Associates LLC grew its position in Tesla by 10.4% during the first quarter. Jennison Associates LLC now owns 4,320,630 shares of the electric vehicle producer's stock worth $2,264,010,000 after buying an additional 408,744 shares during the period. Renaissance Technologies LLC grew its position in Tesla by 486.9% during the fourth quarter. Renaissance Technologies LLC now owns 3,938,142 shares of the electric vehicle producer's stock worth $1,647,443,000 after buying an additional 3,267,141 shares during the period. Nuveen Asset Management LLC grew its position in Tesla by 158.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,566,544 shares of the electric vehicle producer's stock worth $655,333,000 after buying an additional 961,315 shares during the period. Finally, Primecap Management Co. CA grew its position in Tesla by 0.6% during the first quarter. Primecap Management Co. CA now owns 1,545,640 shares of the electric vehicle producer's stock worth $809,915,000 after buying an additional 8,510 shares during the period. Institutional investors and hedge funds own 50.40% of the company's stock.
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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