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

Tesla (NASDAQ:TSLA)‘s stock had its “market perform” rating restated by equities researchers at Oppenheimer in a report issued on Wednesday, Benzinga reports.

A number of other equities research analysts also recently weighed in on TSLA. The Goldman Sachs Group reduced their target price on Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Barclays cut their price objective on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. UBS Group cut their price objective on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Guggenheim reissued a “sell” rating and set a $122.00 price objective on shares of Tesla in a report on Tuesday. Finally, Jefferies Financial Group cut their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $186.70.

Tesla Trading Up 5.0 %

Shares of TSLA stock opened at $170.18 on Wednesday. The stock’s fifty day moving average price is $175.67 and its two-hundred day moving average price is $208.64. The company has a market cap of $541.99 billion, a PE ratio of 43.41, a P/E/G ratio of 3.82 and a beta of 2.39. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. 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 issued 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 business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.68%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Equities analysts predict that Tesla will post 1.97 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. GHP Investment Advisors Inc. boosted its stake in Tesla by 18.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 922 shares of the electric vehicle producer’s stock valued at $232,000 after purchasing an additional 146 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Tesla by 73.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,430 shares of the electric vehicle producer’s stock worth $1,859,000 after buying an additional 3,156 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of Tesla by 14.6% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 15,072 shares of the electric vehicle producer’s stock worth $3,964,000 after buying an additional 1,923 shares during the last quarter. Leverty Financial Group LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $213,000. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of Tesla by 3.8% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 1,314 shares of the electric vehicle producer’s stock worth $330,000 after buying an additional 48 shares during the last quarter. 66.20% of the stock is owned by 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.