Investors Buy Large Volume of Call Options on Tesla Motors (TSLA)
Shares of Tesla Motors (NASDAQ:TSLA) were the recipient of unusually large options trading on Friday. Traders bought 127,792 call options on the stock, Analyst Ratings News reports. This represents an increase of 147% compared to the average daily volume of 51,696 call options.
TSLA has been the subject of a number of recent research reports. Analysts at Credit Agricole initiated coverage on shares of Tesla Motors in a research note on Wednesday, August 20th. They set an “outperform” rating and a $300.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Tesla Motors in a research note on Wednesday, August 13th. They set an “outperform” rating and a $324.93 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Tesla Motors from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $310.00 price target on the stock, up previously from $220.00. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Tesla Motors currently has an average rating of “Buy” and a consensus price target of $246.81.
Tesla Motors (NASDAQ:TSLA) traded up 2.21% on Friday, hitting $269.70. 6,442,381 shares of the company’s stock traded hands. Tesla Motors has a 1-year low of $116.10 and a 1-year high of $267.26. The stock’s 50-day moving average is $240.1 and its 200-day moving average is $222.1. The company’s market cap is $33.612 billion.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.07. The company had revenue of $857.50 million for the quarter, compared to the consensus estimate of $810.57 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 55.3% on a year-over-year basis. Analysts expect that Tesla Motors will post $1.07 EPS for the current fiscal year.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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