Roth Mkm Reiterates “Neutral” Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “neutral” rating reiterated by research analysts at Roth Mkm in a report issued on Wednesday, Benzinga reports. They presently have a $85.00 price target on the electric vehicle producer’s stock. Roth Mkm’s target price suggests a potential downside of 50.05% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. HSBC reduced their price target on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a research report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a report on Friday, April 19th. Jefferies Financial Group cut their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a report on Wednesday, April 17th. Finally, The Goldman Sachs Group cut their price objective on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $186.70.

Tesla Stock Up 5.0 %

TSLA opened at $170.18 on Wednesday. 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 1.73 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $175.67 and a 200 day moving average price of $208.64. The company has a market cap of $541.99 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 3.82 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results 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). Tesla had a return on equity of 13.68% and a net margin of 14.37%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Tesla will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred 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 approximately $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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 approximately $6,376,229.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock valued at $38,802,534. Company insiders own 25.10% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KG&L Capital Management LLC boosted its position in Tesla by 148.3% in the 1st quarter. KG&L Capital Management LLC now owns 9,933 shares of the electric vehicle producer’s stock valued at $1,746,000 after buying an additional 5,933 shares during the period. Petredis Investment Advisors LLC boosted its position in Tesla by 2.0% in the 1st quarter. Petredis Investment Advisors LLC now owns 34,660 shares of the electric vehicle producer’s stock valued at $6,093,000 after buying an additional 672 shares during the period. Davies Financial Advisors Inc. purchased a new position in Tesla in the 1st quarter valued at approximately $460,000. Caliber Wealth Management LLC boosted its position in Tesla by 7.8% in the 1st quarter. Caliber Wealth Management LLC now owns 2,682 shares of the electric vehicle producer’s stock valued at $471,000 after buying an additional 193 shares during the period. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Tesla by 0.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 44,345 shares of the electric vehicle producer’s stock valued at $7,795,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other 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.