Tesla, Inc. (NASDAQ:TSLA) Receives $198.81 Average PT from Analysts

Tesla, Inc. (NASDAQ:TSLA) has been given a consensus recommendation of “Reduce” by the thirty-two analysts that are presently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $198.81.

TSLA has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. KGI Securities reaffirmed a “neutral” rating and set a $213.00 target price (down previously from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Piper Sandler decreased their target price on shares of Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Citigroup decreased their target price on shares of Tesla from $196.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday. Finally, TD Cowen decreased their target price on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last 90 days. 20.90% of the stock is currently owned by insiders.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new stake in Tesla in the 3rd quarter valued at $25,000. Wyrmwood Management LLC bought a new stake in shares of Tesla in the 4th quarter worth about $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the 4th quarter worth about $25,000. Alpha Paradigm Partners LLC bought a new stake in shares of Tesla in the 3rd quarter worth about $27,000. Finally, Halpern Financial Inc. increased its holdings in shares of Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 100 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of TSLA opened at $161.48 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla has a one year low of $152.37 and a one year high of $299.29. The company has a 50-day simple moving average of $181.44 and a two-hundred day simple moving average of $213.70. The firm has a market capitalization of $514.28 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40.

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 the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter last year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts anticipate that Tesla will post 1.98 EPS 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.