Analysts Set Tesla, Inc. (NASDAQ:TSLA) PT at $198.81

Tesla, Inc. (NASDAQ:TSLA) has been assigned an average rating of “Reduce” from the thirty-two brokerages that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $197.15.

Several research firms have weighed in on TSLA. Jefferies Financial Group cut their target price on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. JPMorgan Chase & Co. cut their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Canaccord Genuity Group cut their target price on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Piper Sandler lowered their price target on Tesla from $225.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $155.45 on Friday. The stock has a fifty day moving average price of $180.24 and a two-hundred day moving average price of $212.64. 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 firm has a market cap of $495.08 billion, a P/E ratio of 36.07, a PEG ratio of 4.25 and a beta of 2.39. Tesla has a 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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 company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Research analysts forecast that Tesla will post 1.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 687 shares of the 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 transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

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

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.