Tesla (NASDAQ:TSLA) Rating Reiterated by Robert W. Baird

Robert W. Baird reiterated their outperform rating on shares of Tesla (NASDAQ:TSLA) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $280.00 price objective on the electric vehicle producer’s stock.

Other equities analysts have also issued research reports about the company. China Renaissance began coverage on Tesla in a research note on Monday, February 26th. They set a hold rating on the stock. Barclays decreased 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. The Goldman Sachs Group decreased their target price on Tesla from $190.00 to $175.00 and set a neutral rating on the stock in a research note on Tuesday, April 9th. TD Cowen decreased their target price on Tesla from $200.00 to $180.00 and set a market perform rating on the stock in a research note on Thursday, January 25th. Finally, Redburn Atlantic began coverage on Tesla in a research note on Wednesday, January 24th. They set a sell rating and a $170.00 target price on the stock. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $197.15.

Tesla Stock Performance

Shares of Tesla stock opened at $155.45 on Wednesday. Tesla has a 52 week low of $152.37 and a 52 week high of $299.29. The business’s fifty day simple moving average is $180.24 and its 200-day simple moving average is $212.64. The firm has a market cap of $495.08 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results 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 business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same period last year, the company earned $1.07 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Tesla will post 1.97 earnings per share for the current year.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 value of $2,143,785.00. Following the transaction, 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. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wyrmwood Management LLC purchased a new position in shares of Tesla in the 4th quarter valued at approximately $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the 4th quarter valued at approximately $25,000. Alpha Paradigm Partners LLC purchased a new position in shares of Tesla in the 3rd quarter valued at approximately $27,000. Perkins Coie Trust Co grew its stake in shares of Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 54 shares during the last quarter. Finally, Mendota Financial Group LLC grew 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. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

About Tesla

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.