2 weeks Ago By ABMN Staff
Tesla ( NASDAQ:TSLA – Get Free Report ) had its price target dropped by analysts at Canaccord Genuity Group from $404.00 to $303.00 in a report issued on Wednesday, Benzinga reports.
The firm currently has a “buy” rating on the electric vehicle producer’s stock. Canaccord Genuity Group’s target price points to a potential upside of 16.76% from the company’s current price.
Several other analysts have also recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $425.00 price target on shares of Tesla in a research report on Thursday, April 3rd.
Bank of America reduced their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th.
Robert W. Baird lowered their price target on shares of Tesla from $440.00 to $370.
00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. HSBC cut their price objective on shares of Tesla from $165.00 to $130.
00 and set a “reduce” rating for the company in a report on Thursday, March 27th. Finally, BNP Paribas set a $137.00 price target on Tesla and gave the company an “underperform” rating in a research report on Wednesday, April 16th.
Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $286.
85. View Our Latest Analysis on TSLA Tesla Stock Performance 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 for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26).
Tesla had a net margin of 7.26% and a return on equity of 10.31%.
The company had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion.
During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts anticipate that Tesla will post 2.
56 earnings per share for the current fiscal year. Insider Activity In other news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, February 3rd.
The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60.
Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CFO Vaibhav Taneja sold 2,672 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.
73, for a total value of $718,046.56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $7,242,273.
50. This trade represents a 9.02 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders have sold 374,228 shares of company stock worth $123,791,123. 20.
70% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several large investors have recently modified their holdings of the stock. Hengehold Capital Management LLC lifted its holdings in shares of Tesla by 1.
8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock valued at $544,000 after purchasing an additional 24 shares during the last quarter. Strategic Investment Advisors MI increased its position in Tesla by 0.
3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer’s stock worth $2,823,000 after buying an additional 24 shares during the period. Acropolis Investment Management LLC boosted its holdings in shares of Tesla by 0.
9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock valued at $1,136,000 after acquiring an additional 25 shares during the period. Mount Vernon Associates Inc.
MD grew its position in shares of Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc.
MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after acquiring an additional 25 shares during the last quarter. Finally, Vista Finance LLC increased its holdings in shares of Tesla by 0.7% in the 4th quarter.
Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock valued at $1,417,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla Company Profile ( 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.
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