2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report) had its price objective lowered by analysts at Canaccord Genuity Group from $404.00 to $303.00 in a report issued on Wednesday,Benzinga reports.
The brokerage presently has a “buy” rating on the electric vehicle producer’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 16.76% from the company’s previous close.
Other research analysts have also issued research reports about the company. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research report on Monday, January 6th.
Bank of America decreased their target price on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th.
Cantor Fitzgerald restated an “overweight” rating and issued a $425.00 price target on shares of Tesla in a report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tesla from $420.
00 to $345.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, Barclays dropped their target price on shares of Tesla from $325.
00 to $275.00 and set an “equal weight” rating on the stock in a research note on Monday. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $286.85.
Read Our Latest Analysis on TeslaTesla Stock Up 3.5 %Shares of NASDAQ:TSLA opened at $259.51 on Wednesday.
The company has a 50-day moving average price of $265.36 and a 200 day moving average price of $322.18.
The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.
08. Tesla has a 12 month low of $158.36 and a 12 month high of $488.
54. The company has a market cap of $834.72 billion, a price-to-earnings ratio of 127.
21, a PEG ratio of 5.86 and a beta of 2.58.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
53 by ($0.26). Tesla had a return on equity of 10.
31% and a net margin of 7.26%. The company had revenue of $19.
34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the prior year, the business earned $0.
45 earnings per share. As a group, equities research analysts predict that Tesla will post 2.56 earnings per share for the current year.
Insider ActivityIn related news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.
00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $41,745,581.15.
This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.
04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400.
The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last three months, insiders have sold 374,228 shares of company stock valued at $123,791,123. Company insiders own 20.70% of the company’s stock.
Institutional Inflows and OutflowsA number of large investors have recently bought and sold shares of TSLA. Cherry Tree Wealth Management LLC lifted its stake in shares of Tesla by 86.3% in the 1st quarter.
Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank increased its holdings in Tesla by 79.2% in the first quarter.
First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Newton One Investments LLC increased its holdings in Tesla by 250.0% in the first quarter.
Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. True Wealth Design LLC raised its position in shares of Tesla by 79.5% in the fourth quarter.
True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 31 shares during the period. Finally, Horrell Capital Management Inc. boosted its stake in shares of Tesla by 75.
6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter.
66.20% of the stock is owned by institutional investors and hedge funds. About Tesla (Get Free Report)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.Featured ArticlesFive stocks we like better than Tesla3 Tickers Leading a Meme Stock Revival2 Strong Utilities Plays With Booming Earnings and Room to GrowWhat Are Earnings Reports?Why Smart Investors Don’t Panic in Election SeasonInsider Buying Explained: What Investors Need to KnowNow Is the Time to Buy ServiceNow—The Rebound Is Real.
