Tesla’s (TSLA) Market Perform Rating Reiterated at Oppenheimer

Tesla (NASDAQ:TSLA)‘s stock had its “market perform” rating reiterated by analysts at Oppenheimer in a research note issued to investors on Wednesday, Benzinga reports.

Other equities analysts have also issued research reports about the company. Barclays cut their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird reissued an “outperform” rating and issued a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Citigroup lowered their price target on Tesla from $196.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Canaccord Genuity Group decreased their target price on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, China Renaissance began coverage on Tesla in a report on Monday, February 26th. They set a “hold” rating for the company. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $190.30.

Tesla Stock Up 1.9 %

Shares of TSLA opened at $144.68 on Wednesday. The firm has a market capitalization of $460.78 billion, a P/E ratio of 33.57, a P/E/G ratio of 3.75 and a beta of 2.39. Tesla has a 12-month low of $138.80 and a 12-month high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $176.81 and a 200-day moving average price of $209.24.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share. Equities research analysts expect that Tesla will post 1.97 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was 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 owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wyrmwood Management LLC acquired a new position in shares of Tesla in the 4th quarter valued at $25,000. Lam Group Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $25,000. Mendota Financial Group LLC lifted its stake in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV lifted its stake in shares of Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Tesla in the 4th quarter valued at $37,000. Institutional investors and hedge funds 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.