Shares of Tesla Inc (NASDAQ:TSLA) have earned an average rating of “Hold” from the forty-two research firms that are covering the company, Marketbeat reports. Thirteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $326.46.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Tesla from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $325.00 price target on shares of Tesla in a report on Monday, September 10th. Canaccord Genuity set a $316.00 price target on Tesla and gave the stock a “hold” rating in a report on Tuesday, August 28th. Evercore ISI set a $301.00 price target on Tesla and gave the stock a “hold” rating in a report on Wednesday, August 8th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $315.00 price target on shares of Tesla in a report on Wednesday, August 8th.

Shares of NASDAQ TSLA opened at $354.31 on Friday. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of -30.86 and a beta of 0.48. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82. Tesla has a 1 year low of $244.59 and a 1 year high of $387.46.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.77) by $4.67. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. On average, equities research analysts expect that Tesla will post -5.09 EPS for the current fiscal year.

In other Tesla news, Director Linda Johnson Rice sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $340.68, for a total transaction of $1,022,040.00. Following the completion of the sale, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $1,022,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $306.00, for a total value of $306,000.00. Following the sale, the insider now directly owns 8,598 shares of the company’s stock, valued at $2,630,988. The disclosure for this sale can be found here. Insiders sold a total of 25,375 shares of company stock valued at $8,668,760 over the last three months. Company insiders own 22.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Stelac Advisory Services LLC purchased a new stake in Tesla during the 2nd quarter valued at approximately $114,000. BerganKDV Wealth Management LLC purchased a new stake in Tesla during the 2nd quarter valued at approximately $124,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Tesla during the 3rd quarter valued at approximately $122,000. Destination Wealth Management raised its stake in Tesla by 156.0% during the 3rd quarter. Destination Wealth Management now owns 512 shares of the electric vehicle producer’s stock valued at $136,000 after acquiring an additional 312 shares during the last quarter. Finally, Proffitt & Goodson Inc. purchased a new stake in Tesla during the 3rd quarter valued at approximately $147,000. 61.82% of the stock is owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

See Also: Intrinsic Value

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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