Tesla’s (TSLA) Neutral Rating Reiterated at Roth Mkm

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

A number of other research firms also recently weighed in on TSLA. Daiwa Capital Markets downgraded Tesla from an outperform rating to a neutral rating and dropped their target price for the stock from $245.00 to $195.00 in a research report on Tuesday, February 6th. UBS Group dropped their target price on Tesla from $225.00 to $165.00 and set a neutral rating for the company in a research report on Thursday, March 14th. China Renaissance began coverage on Tesla in a research note on Monday, February 26th. They set a hold rating for the company. Citigroup decreased their price objective on Tesla from $196.00 to $180.00 and set a neutral rating for the company in a research note on Friday, April 12th. Finally, Bank of America raised Tesla from a neutral rating to a buy rating and set a $220.00 price objective for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $186.70.

Tesla Trading Down 1.1 %

TSLA stock opened at $168.29 on Wednesday. The company has a market cap of $536.71 billion, a P/E ratio of 42.93, a PEG ratio of 4.50 and a beta of 2.39. Tesla has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $175.04 and a 200-day moving average of $207.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm 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 13.18% and a net margin of 14.37%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. As a group, equities research analysts expect that Tesla will post 1.97 EPS for the current year.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated 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 directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 over the last three months. Corporate insiders own 25.10% of the company’s stock.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wyrmwood Management LLC bought a new stake in Tesla during the fourth quarter worth about $25,000. Lam Group Inc. bought a new stake in Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC raised its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in 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 acquiring an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in Tesla during the fourth quarter worth about $37,000. 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.