Evercore ISI Reiterates In-Line Rating for Tesla Inc. (NASDAQ:TSLA)

The stock now has an average rating of "Hold" and a consensus price target of $330.44. The stock declined 1.93% or $5.92 reaching $300.17 on the news. Investors may need to wait for clarity on the company's third-quarter earnings report on November 1, the analyst wrote.

A number of other analysts have also recently weighed in on TSLA. Guggenheim reiterated a buy rating and issued a $430.00 price objective on shares of Tesla in a research report on Thursday, August 10th. Vetr cut shares of Tesla from a "strong-buy" rating to a "buy" rating and set a $358.85 target price for the company.in a research report on Tuesday, July 11th. Pacific Crest reaffirmed a "hold" rating on shares of Tesla Motors in a research note on Wednesday, September 28th. Finally, Goldman Sachs Group, Inc. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. They presently have a $330.00 target price on the electric vehicle producer's stock.

Tesla (NASDAQ:TSLA) traded down $4.81 during mid-day trading on Friday, reaching $301.28. The company had a trading volume of 4,930,893 shares, compared to its average volume of 6,405,323. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.97. Over the course of the past year TSLA has set a 52-week high of $389.61 while the corresponding low set was $178.19.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.94 billion. Tesla Motors had a negative return on equity of 29.17% and a negative net margin of 14.74%. The firm's revenue was up 29.9% compared to the same quarter past year. During the same quarter in the previous year, the company earned ($0.58) EPS. The stock of Tesla Inc (NASDAQ:TSLA) has "Sell" rating given on Friday, June 30 by Goldman Sachs. If you are reading this story on another publication, it was illegally stolen and reposted in violation of worldwide copyright and trademark law. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/tesla-inc-tsla-given-buy-rating-at-piper-jaffray-companies/1756045.html. Also, VP Eric Branderiz sold 99 shares of Tesla stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $355.20, for a total transaction of $777,888.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

In other news, Director Stephen T. Jurvetson sold 44,777 shares of the company's stock in a transaction dated Tuesday, August 22nd. Jon Mcneill, an officer at (TSLA), sold 553 shares at a price of 349.65 to bring his total ownership in the stock to 2,239 shares. Following the transaction, the director now directly owns 36,111 shares of the company's stock, valued at $12,290,739.96. The disclosure for this sale can be found here. Insiders have sold 53,182 shares of company stock worth $18,113,840 in the last three months. Hl Fincl Limited Company owns 1,021 shares.

A number of institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. raised its position in Tesla by 20.0% in the 2nd quarter. The Marsico Capital Management Llc holds 6,307 shares with $2.28M value, down from 8,270 last quarter. Nisa Investment Advisors LLC now owns 5,400 shares of the electric vehicle producer's stock worth $1,146,000 after buying an additional 1,700 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in Tesla during the second quarter worth approximately $122,000. North Star Investment Management Corp. grew its holdings in Tesla by 2.8% in the second quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer's stock valued at $1,090,815,000 after purchasing an additional 17,452 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in Tesla by 8.7% in the second quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer's stock valued at $87,329,000 after acquiring an additional 137,318 shares during the period.

Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Firm operates through two divisions: Automotive, and Energy generation and storage.

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