Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reiterated their neutral rating on shares of Tesla (NASDAQ:TSLA) in a research report released on Wednesday morning, Benzinga reports. They currently have a $85.00 target price on the electric vehicle producer’s stock.

Other analysts have also recently issued research reports about the stock. Barclays decreased their price target on shares of Tesla from $225.00 to $180.00 and set an equal weight rating on the stock in a research note on Wednesday, April 17th. Canaccord Genuity Group decreased their price target on shares of Tesla from $234.00 to $222.00 and set a buy rating on the stock in a research note on Wednesday. Bank of America upgraded shares of Tesla from a neutral rating to a buy rating and set a $220.00 price target on the stock in a research note on Wednesday. Canaccord Genuity Group decreased their price target on shares of Tesla from $267.00 to $234.00 and set a buy rating on the stock in a research note on Thursday, January 25th. Finally, Jefferies Financial Group decreased their price target 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. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $186.22.

Tesla Trading Up 12.1 %

Shares of Tesla stock opened at $162.13 on Wednesday. The company has a market capitalization of $516.35 billion, a P/E ratio of 41.36, a P/E/G ratio of 3.82 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company has a fifty day moving average of $176.28 and a 200 day moving average of $208.91. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $299.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 13.68% and a net margin of 14.37%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. On average, sell-side analysts anticipate that Tesla will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wyrmwood Management LLC purchased a new position in shares of Tesla in the fourth quarter worth $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the fourth quarter worth $25,000. Mendota Financial Group LLC raised its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Tesla by 94.5% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

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.