KeyCorp set a $300.00 target price on Tesla (NASDAQ:TSLA) in a research report sent to investors on Tuesday morning. The firm currently has a hold rating on the electric vehicle producer’s stock.
TSLA has been the subject of a number of other reports. Goldman Sachs Group decreased their price target on Tesla from $205.00 to $195.00 and set a sell rating for the company in a research note on Tuesday, April 10th. ValuEngine raised Tesla from a sell rating to a hold rating in a research note on Saturday, June 2nd. Zacks Investment Research raised Tesla from a hold rating to a buy rating and set a $329.00 price target for the company in a research note on Tuesday, May 8th. Berenberg Bank reissued a buy rating and set a $500.00 price target on shares of Tesla in a research note on Thursday, June 28th. Finally, Vetr lowered Tesla from a strong-buy rating to a buy rating and set a $327.47 price target for the company. in a research note on Thursday, April 5th. Eleven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. Tesla has an average rating of Hold and an average price target of $301.15.
Get Tesla alerts:Shares of Tesla stock opened at $310.86 on Tuesday. Tesla has a one year low of $244.59 and a one year high of $389.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.44. The company has a market capitalization of $56.89 billion, a PE ratio of -27.08 and a beta of 0.91.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.40) by ($0.95). Tesla had a negative return on equity of 40.72% and a negative net margin of 18.77%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period in the prior year, the business posted ($1.33) earnings per share. Tesla’s revenue was up 26.4% on a year-over-year basis. research analysts forecast that Tesla will post -10.94 earnings per share for the current year.
In other news, VP John Douglas Field sold 3,000 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $359.27, for a total value of $1,077,810.00. Following the completion of the transaction, the vice president now directly owns 20,964 shares of the company’s stock, valued at approximately $7,531,736.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 1,875 shares of the business’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $300.00, for a total value of $562,500.00. Following the completion of the transaction, the director now directly owns 150,208 shares of the company’s stock, valued at $45,062,400. The disclosure for this sale can be found here. Insiders own 22.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TSLA. Summit Trail Advisors LLC grew its stake in Tesla by 74,343.1% during the 1st quarter. Summit Trail Advisors LLC now owns 583,634 shares of the electric vehicle producer’s stock worth $584,000 after buying an additional 582,850 shares during the last quarter. Soma Equity Partners LP purchased a new position in Tesla during the 1st quarter worth $45,242,000. Quantitative Investment Management LLC purchased a new position in Tesla during the 4th quarter worth $30,045,000. Commerzbank Aktiengesellschaft FI grew its stake in Tesla by 48.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 264,732 shares of the electric vehicle producer’s stock worth $70,453,000 after buying an additional 86,684 shares during the last quarter. Finally, Natixis grew its stake in Tesla by 3,940.0% during the 1st quarter. Natixis now owns 52,439 shares of the electric vehicle producer’s stock worth $13,956,000 after buying an additional 51,141 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.
About Tesla
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, 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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