Tesla’s (NASDAQ:TSLA) Sell Rating Reaffirmed at Goldman Sachs Group

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reissued by analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, January 22nd. They presently have a $225.00 target price on the electric vehicle producer’s stock. Goldman Sachs Group’s price target would suggest a potential downside of 26.99% from the stock’s previous close.

A number of other research analysts have also weighed in on TSLA. FIX reaffirmed a “positive” rating and issued a $418.00 price target on shares of Tesla in a research note on Thursday, October 25th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $325.00 price target on shares of Tesla in a research note on Thursday, October 25th. Needham & Company LLC reaffirmed a “sell” rating on shares of Tesla in a research note on Tuesday, January 22nd. Zacks Investment Research lowered shares of Tesla from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, BidaskClub lowered shares of Tesla from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Fourteen research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $328.46.

Shares of NASDAQ:TSLA opened at $308.17 on Tuesday. Tesla has a one year low of $244.59 and a one year high of $387.46. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82. The company has a market cap of $52.52 billion, a PE ratio of -53.88, a price-to-earnings-growth ratio of 4.61 and a beta of 0.56.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.93. Tesla had a negative net margin of 4.55% and a negative return on equity of 19.08%. The firm had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the previous year, the company earned ($3.04) earnings per share. The business’s revenue for the quarter was up 119.8% on a year-over-year basis. As a group, equities research analysts forecast that Tesla will post 1.89 earnings per share for the current fiscal year.

In related news, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $360.28, for a total value of $360,280.00. Following the transaction, the insider now directly owns 8,598 shares in the company, valued at $3,097,687.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Antonio J. Gracias sold 8,390 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $317.58, for a total transaction of $2,664,496.20. Following the completion of the transaction, the director now owns 24,332 shares in the company, valued at $7,727,356.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,570 shares of company stock worth $24,744,248. Corporate insiders own 22.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alpha Windward LLC bought a new stake in Tesla during the fourth quarter worth about $26,000. Gradient Investments LLC lifted its position in Tesla by 1,660.0% during the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after purchasing an additional 83 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in Tesla during the fourth quarter worth about $30,000. Financial Gravity Companies Inc. bought a new stake in Tesla during the fourth quarter worth about $32,000. Finally, Clean Yield Group bought a new stake in Tesla during the fourth quarter worth about $36,000. 56.94% of the stock is owned by institutional investors and hedge funds.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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