Tesla (NASDAQ:TSLA) Given “Neutral” Rating at Roth Mkm

Tesla (NASDAQ:TSLA)‘s stock had its “neutral” rating reiterated by research analysts at Roth Mkm in a report released on Wednesday, Benzinga reports. They presently have a $85.00 price target on the electric vehicle producer’s stock. Roth Mkm’s price objective points to a potential downside of 41.25% from the stock’s current price.

TSLA has been the topic of several other reports. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Friday, April 19th. Redburn Atlantic began coverage on shares of Tesla in a research report on Wednesday, January 24th. They set a “sell” rating and a $170.00 price objective on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Canaccord Genuity Group dropped their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein dropped their price target on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $187.67.

Tesla Stock Performance

Shares of TSLA stock opened at $144.68 on Wednesday. Tesla has a one year low of $138.80 and a one year high of $299.29. The company’s 50-day moving average is $176.81 and its 200 day moving average is $209.24. The company has a market capitalization of $460.78 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 3.75 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.

Tesla (NASDAQ:TSLA) last announced 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 net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period last year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Tesla will post 1.97 EPS for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla 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 directly 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 can be accessed through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following 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 sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is owned by corporate insiders.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently made changes to their positions in the business. GHP Investment Advisors Inc. raised its holdings in shares of Tesla by 18.8% in the third quarter. GHP Investment Advisors Inc. now owns 922 shares of the electric vehicle producer’s stock valued at $232,000 after acquiring an additional 146 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Tesla by 73.8% in the third quarter. Exchange Traded Concepts LLC now owns 7,430 shares of the electric vehicle producer’s stock valued at $1,859,000 after acquiring an additional 3,156 shares in the last quarter. Capital Asset Advisory Services LLC raised its holdings in shares of Tesla by 14.6% in the third quarter. Capital Asset Advisory Services LLC now owns 15,072 shares of the electric vehicle producer’s stock valued at $3,964,000 after acquiring an additional 1,923 shares in the last quarter. Leverty Financial Group LLC bought a new stake in shares of Tesla in the third quarter valued at about $213,000. Finally, Roman Butler Fullerton & Co. raised its holdings in shares of Tesla by 3.8% in the third quarter. Roman Butler Fullerton & Co. now owns 1,314 shares of the electric vehicle producer’s stock valued at $330,000 after acquiring an additional 48 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

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.