Equities researchers at Citigroup Inc. began coverage on shares of Tesla Inc. (NASDAQ:TSLA) in a report released on Thursday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $357.00 price target on the electric vehicle producer’s stock. Citigroup Inc.’s price objective suggests a potential upside of 8.71% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. UBS AG reiterated a “sell” rating and issued a $160.00 target price on shares of Tesla in a research note on Wednesday, May 3rd. Pacific Crest cut shares of Tesla to a “hold” rating in a research note on Wednesday, April 5th. Argus reiterated a “hold” rating on shares of Tesla in a research note on Thursday, May 11th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $278.94 target price on the stock in a research note on Wednesday, May 17th.
Finally, Guggenheim reiterated a “buy” rating and issued a $320.00 target price on shares of Tesla in a research note on Wednesday, April 19th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $296.39.
Tesla (NASDAQ TSLA) opened at 328.40 on Thursday. Tesla has a 12-month low of $178.19 and a 12-month high of $386.99. The company’s market capitalization is $53.94 billion. The firm has a 50-day moving average of $350.76 and a 200 day moving average of $295.40.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $1.30. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. Analysts forecast that Tesla will post ($5.76) EPS for the current fiscal year.
In other Tesla news, Director Robyn M. Denholm sold 20,000 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $311.76, for a total transaction of $6,235,200.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $6,235,200. The sale was disclosed in a filing with the Securities & Exchange Commission. Also, insider Jeffrey B. Straubel sold 109,100 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $307.81, for a total transaction of $33,582,071.00. The disclosure for this sale can be found here. Insiders have sold a total of 242,290 shares of company stock valued at $74,919,505 in the last three months. 23.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in TSLA. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares during the last quarter. Clarius Group LLC boosted its stake in shares of Tesla by 0.3% in the first quarter.
Tesla (NASDAQ TSLA) opened at 328.40 on Thursday. Tesla has a 12-month low of $178.19 and a 12-month high of $386.99. The company’s market capitalization is $53.94 billion. The firm has a 50-day moving average of $350.76 and a 200 day moving average of $295.40.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $1.30. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. Analysts forecast that Tesla will post ($5.76) EPS for the current fiscal year.
In other Tesla news, Director Robyn M. Denholm sold 20,000 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $311.76, for a total transaction of $6,235,200.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $6,235,200. The sale was disclosed in a filing with the Securities & Exchange Commission. Also, insider Jeffrey B. Straubel sold 109,100 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $307.81, for a total transaction of $33,582,071.00. The disclosure for this sale can be found here. Insiders have sold a total of 242,290 shares of company stock valued at $74,919,505 in the last three months. 23.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in TSLA. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares during the last quarter. Clarius Group LLC boosted its stake in shares of Tesla by 0.3% in the first quarter.
Clarius Group LLC now owns 4,625 shares of the electric vehicle producer’s stock valued at $1,287,000 after buying an additional 16 shares during the last quarter. Gemmer Asset Management LLC boosted its stake in shares of Tesla by 2.6% in the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock valued at $282,000 after buying an additional 20 shares during the last quarter.
Eqis Capital Management Inc. boosted its stake in shares of Tesla by 1.2% in the first quarter. Eqis Capital Management Inc. now owns 2,515 shares of the electric vehicle producer’s stock valued at $700,000 after buying an additional 29 shares during the last quarter. Finally, Focused Wealth Management Inc boosted its stake in shares of Tesla by 1.0% in the first quarter. Focused Wealth Management Inc now owns 3,232 shares of the electric vehicle producer’s stock valued at $899,000 after buying an additional 31 shares during the last quarter. 63.75% of the stock is owned by institutional investors and hedge funds.
By: Mitch Edgeman (The Markets Daily).
Photo: Learn Bonds.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
By: Mitch Edgeman (The Markets Daily).
Photo: Learn Bonds.
Review: Emerging Market Formulations & Research Unit, Flagship Records.