Tesla (TSLA) Given a $385.00 Price Target by Piper Jaffray Companies Analysts

Tesla (NASDAQ:TSLA) has been given a $385.00 target price by stock analysts at Piper Jaffray Companies in a report released on Thursday. The brokerage presently has a “buy” rating on the electric vehicle producer’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 24.03% from the company’s current price.

Several other analysts have also recently issued reports on TSLA. Barclays reaffirmed an “underweight” rating and set a $1.00 target price on shares of Tesla in a research report on Thursday. Vetr raised Tesla from a “sell” rating to a “hold” rating and set a $336.07 target price on the stock in a research report on Monday, February 5th. Nord/LB set a $270.00 target price on Tesla and gave the company a “sell” rating in a research report on Thursday. BidaskClub raised Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, January 4th. Twelve research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $322.45.

Shares of Tesla (TSLA) traded down $4.81 during midday trading on Thursday, reaching $310.42. The company’s stock had a trading volume of 12,795,099 shares, compared to its average volume of 6,000,000. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The company has a market cap of $52,170.00, a PE ratio of -26.33 and a beta of 0.97. Tesla has a 1-year low of $242.01 and a 1-year high of $389.61.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.69) EPS. analysts forecast that Tesla will post -6.87 EPS for the current year.

In other Tesla news, VP John Douglas Field sold 1,400 shares of Tesla stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $340.67, for a total transaction of $476,938.00. Following the completion of the sale, the vice president now owns 21,528 shares of the company’s stock, valued at approximately $7,333,943.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,229 shares of Tesla stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $312.61, for a total value of $384,197.69. Following the sale, the vice president now directly owns 4,808 shares of the company’s stock, valued at approximately $1,503,028.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,231 shares of company stock valued at $3,292,431. 23.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Rikoon Group LLC raised its stake in shares of Tesla by 7.8% during the 2nd quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock valued at $249,000 after buying an additional 50 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after buying an additional 95 shares during the last quarter. Gofen & Glossberg LLC IL raised its stake in shares of Tesla by 13.6% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 1,037 shares of the electric vehicle producer’s stock valued at $375,000 after buying an additional 124 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Tesla by 20.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 900 shares of the electric vehicle producer’s stock valued at $306,000 after buying an additional 150 shares during the last quarter. Finally, Nippon Life Insurance Co. raised its stake in shares of Tesla by 3.4% during the 3rd quarter. Nippon Life Insurance Co. now owns 4,620 shares of the electric vehicle producer’s stock valued at $1,576,000 after buying an additional 151 shares during the last quarter. 57.35% of the stock is owned by institutional investors.

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About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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