Tesla, Inc. (NASDAQ:TSLA) Receives Consensus Rating of “Hold” from Analysts

Tesla, Inc. (NASDAQ:TSLA) has received an average rating of “Hold” from the twenty-nine research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $194.70.

A number of research firms have weighed in on TSLA. KGI Securities reissued a “neutral” rating and set a $213.00 target price (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. China Renaissance initiated coverage on Tesla in a research note on Monday, February 26th. They set a “hold” rating for the company. Canaccord Genuity Group dropped their price target on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group lowered their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th.

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is owned by insiders.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mount Vernon Associates Inc. MD lifted its holdings in Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares in the last quarter. Oak Ridge Investments LLC lifted its stake in shares of Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after acquiring an additional 1,405 shares during the period. Charter Oak Capital Management LLC boosted its holdings in Tesla by 8.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock valued at $318,000 after acquiring an additional 104 shares during the last quarter. CWM LLC increased its position in Tesla by 14.4% in the third quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock worth $36,717,000 after purchasing an additional 18,462 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Tesla by 3.7% during the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after purchasing an additional 25,943 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 1.9 %

Tesla stock opened at $147.05 on Friday. Tesla has a one year low of $146.22 and a one year high of $299.29. The company’s fifty day moving average price is $178.51 and its two-hundred day moving average price is $211.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The company has a market capitalization of $468.32 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 4.11 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period in the prior year, the company posted $1.07 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Tesla will post 1.97 earnings per share for the current fiscal year.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.