Tesla, Inc. (NASDAQ:TSLA) Receives $406.84 Consensus Price Target from Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLAGet Free Report) have been given an average rating of “Hold” by the forty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $406.8366.

A number of equities research analysts have issued reports on TSLA shares. Mizuho set a $540.00 price target on shares of Tesla and gave the stock an “outperform” rating in a report on Thursday, January 29th. UBS Group increased their target price on shares of Tesla from $307.00 to $352.00 and gave the stock a “sell” rating in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Tuesday, January 27th. Wells Fargo & Company dropped their price objective on Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Tesla in a research report on Thursday, January 29th.

Read Our Latest Report on Tesla

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the transaction, the director directly owned 19,669 shares of the company’s stock, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 87,995 shares of company stock valued at $38,315,650. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLA. Networth Advisors LLC bought a new position in Tesla in the fourth quarter worth $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the 2nd quarter worth about $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Tesla during the 3rd quarter valued at about $29,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla during the second quarter worth about $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA opened at $395.56 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The stock’s 50 day simple moving average is $418.86 and its 200 day simple moving average is $426.37. The firm has a market cap of $1.48 trillion, a price-to-earnings ratio of 366.26, a PEG ratio of 11.57 and a beta of 1.89. Tesla has a 1 year low of $214.25 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. As a group, analysts predict that Tesla will post 2.56 earnings per share for the current year.

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Tesla Company Profile

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Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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