Analysts Provide “Hold” Consensus Rating for Tesla, Inc. (NASDAQ:TSLA)

Analysts Provide “Hold” Consensus Rating for Tesla, Inc. (NASDAQ:TSLA)

Shares of Tesla, Inc. (NASDAQ:TSLAGet Free Report) have received an average recommendation of “Hold” from the thirty-two analysts that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $211.93.

Several analysts have commented on TSLA shares. Robert W. Baird restated an “outperform” rating and set a $300.00 target price on shares of Tesla in a report on Thursday, January 25th. Mizuho dropped their price objective on Tesla from $310.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Morgan Stanley reduced their price target on shares of Tesla from $345.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Guggenheim raised their price objective on Tesla from $125.00 to $132.00 and gave the company a “sell” rating in a report on Friday, December 15th. Finally, Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $195.00 in a report on Tuesday, February 6th.

Check Out Our Latest Research Report on TSLA

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were 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 owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,598 shares of company stock valued at $36,952,434. Corporate insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TSLA. Contravisory Investment Management Inc. purchased a new stake in shares of Tesla during the 3rd quarter worth about $25,000. Wyrmwood Management LLC bought a new stake in Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new stake in Tesla during the 4th quarter worth approximately $25,000. Halpern Financial Inc. grew its holdings in Tesla by 1,111.1% during the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Alpha Paradigm Partners LLC bought a new stake in shares of Tesla during the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 41.87% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $173.80 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $194.75 and its 200 day simple moving average is $225.58. Tesla has a fifty-two week low of $152.37 and a fifty-two week high of $299.29. The stock has a market cap of $553.52 billion, a P/E ratio of 40.32, a P/E/G ratio of 3.65 and a beta of 2.41.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share. Equities analysts expect that Tesla will post 2.45 EPS for the current year.

About Tesla

(Get Free Report

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.

See Also

Analyst Recommendations for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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