Tesla (NASDAQ:TSLA) Shares Gap Down to $1,025.49

Tesla, Inc. (NASDAQ:TSLAGet Rating) shares gapped down prior to trading on Monday . The stock had previously closed at $1,025.49, but opened at $988.83. Tesla shares last traded at $997.85, with a volume of 198,307 shares trading hands.

Several research firms have issued reports on TSLA. Canaccord Genuity Group lifted their price objective on Tesla from $1,040.00 to $1,200.00 in a report on Friday, January 28th. Barclays set a $325.00 price target on shares of Tesla in a report on Thursday, January 27th. Wedbush initiated coverage on shares of Tesla in a report on Monday, April 4th. They set a “buy” rating and a $1,400.00 price objective for the company. Oppenheimer upped their target price on shares of Tesla from $1,080.00 to $1,103.00 and gave the company an “outperform” rating in a research note on Thursday, January 27th. Finally, Guggenheim started coverage on Tesla in a report on Monday, December 20th. They issued a “neutral” rating and a $924.00 price objective for the company. Eight analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $942.74.

The company has a current ratio of 1.38, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market cap of $991.24 billion, a price-to-earnings ratio of 204.37, a P/E/G ratio of 4.38 and a beta of 2.08. The company has a fifty day simple moving average of $918.83 and a 200-day simple moving average of $969.53.

Tesla (NASDAQ:TSLAGet Rating) last released its earnings results on Wednesday, January 26th. The electric vehicle producer reported $2.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.37. The company had revenue of $17.72 billion during the quarter, compared to analyst estimates of $16.65 billion. Tesla had a return on equity of 20.36% and a net margin of 10.25%. The company’s revenue for the quarter was up 65.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. As a group, analysts anticipate that Tesla, Inc. will post 7.82 earnings per share for the current year.

In other Tesla news, CAO Vaibhav Taneja sold 1,300 shares of the company’s stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $1,141.94, for a total value of $1,484,522.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 897 shares of Tesla stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $845.39, for a total value of $758,314.83. The disclosure for this sale can be found here. Insiders have sold a total of 69,121 shares of company stock valued at $62,619,390 over the last 90 days. Corporate insiders own 25.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Paragon Capital Management Ltd bought a new position in shares of Tesla during the 4th quarter valued at $25,000. AllSquare Wealth Management LLC raised its holdings in Tesla by 766.7% during the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Tesla in the fourth quarter worth about $31,000. Kathleen S. Wright Associates Inc. acquired a new stake in Tesla in the 4th quarter worth approximately $32,000. Finally, AlphaCentric Advisors LLC acquired a new position in Tesla during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.

Tesla Company Profile (NASDAQ:TSLA)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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