Tesla (NASDAQ:TSLA) Getting Somewhat Favorable News Coverage, InfoTrie Reports

Headlines about Tesla (NASDAQ:TSLA) have trended somewhat positive on Thursday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tesla earned a media sentiment score of 0.72 on their scale. InfoTrie also assigned news headlines about the electric vehicle producer an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have effected Tesla’s score:

Shares of Tesla stock traded down $1.32 on Thursday, reaching $253.54. 4,587,936 shares of the stock were exchanged, compared to its average volume of 9,902,843. The firm’s 50 day simple moving average is $219.68. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of -44.33 and a beta of 0.62. Tesla has a one year low of $176.99 and a one year high of $387.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.51) by ($1.59). Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company posted ($3.35) earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year. As a group, research analysts predict that Tesla will post -4.57 earnings per share for the current fiscal year.

A number of brokerages have issued reports on TSLA. Morgan Stanley raised their price objective on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the company an “equal weight” rating in a research note on Wednesday. Barclays upgraded shares of Encompass Health from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, May 30th. Wolfe Research lowered shares of Tesla from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $375.00 to $265.00 in a research note on Thursday, May 2nd. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Berenberg Bank set a €54.00 ($62.79) price target on shares of 1&1 Drillisch and gave the company a “buy” rating in a research note on Friday, June 14th. Seventeen analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Tesla currently has a consensus rating of “Hold” and a consensus target price of $281.97.

In related news, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $239.08, for a total transaction of $3,586,200.00. Following the transaction, the insider now directly owns 321,398 shares of the company’s stock, valued at $76,839,833.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Elon Musk bought 102,880 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $243.00 per share, for a total transaction of $24,999,840.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 117,306 shares of company stock valued at $24,678,278. 24.40% of the stock is currently owned by corporate insiders.

About Tesla

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

Featured Story: Insider Trading

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.