News stories about Tesla (NASDAQ:TSLA) have trended somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tesla earned a media sentiment score of 1.44 on their scale. InfoTrie also assigned media coverage about the electric vehicle producer an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Tesla’s analysis:
- UPDATE 1-Tesla cuts Model 3 price for second time this year (feeds.reuters.com)
- Tesla Inc (TSLA) Insider Sells $305,420.00 in Stock (americanbankingnews.com)
- Tesla Inc (TSLA) Director Linda Johnson Rice Sells 1,700 Shares (americanbankingnews.com)
- Tesla: Cash Coming Into Focus (seekingalpha.com)
- China Project Integral To Tesla’s Future (seekingalpha.com)
A number of research firms recently commented on TSLA. Canaccord Genuity reaffirmed a “hold” rating and issued a $330.00 price objective (up from $323.00) on shares of Tesla in a research note on Thursday, January 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $230.00 price objective (up from $220.00) on shares of Tesla in a research note on Thursday, January 31st. CIBC reaffirmed an “outperform” rating and issued a $437.00 price objective (up from $418.00) on shares of Tesla in a research note on Thursday, January 31st. Jefferies Financial Group set a $450.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, January 31st. Finally, BidaskClub raised Tesla from a “hold” rating to a “buy” rating in a research note on Saturday. Fourteen analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company. Tesla presently has an average rating of “Hold” and a consensus price target of $327.12.
Shares of NASDAQ:TSLA opened at $321.35 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. Tesla has a twelve month low of $244.59 and a twelve month high of $387.46. The company has a market cap of $53.62 billion, a PE ratio of -56.18, a PEG ratio of 4.78 and a beta of 0.56.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.93. Tesla had a negative return on equity of 19.08% and a negative net margin of 4.55%. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period in the prior year, the firm earned ($3.04) earnings per share. Tesla’s revenue for the quarter was up 119.8% on a year-over-year basis. Equities analysts predict that Tesla will post 1.87 EPS for the current fiscal year.
In other news, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $293.66, for a total transaction of $4,404,900.00. Following the transaction, the insider now directly owns 321,398 shares of the company’s stock, valued at $94,381,736.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $348.22, for a total value of $5,843,131.60. Following the transaction, the director now directly owns 17,018 shares in the company, valued at $5,926,007.96. The disclosure for this sale can be found here. Insiders have sold 83,070 shares of company stock worth $26,968,398 over the last ninety days. 22.80% of the stock is owned by insiders.
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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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