2 weeks Ago By ABMN Staff
Tesla ( NASDAQ:TSLA – Get Free Report ) had its target price dropped by equities research analysts at Cantor Fitzgerald from $425.00 to $355.00 in a note issued to investors on Wednesday, Benzinga reports.
The brokerage currently has an “overweight” rating on the electric vehicle producer’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 36.80% from the company’s previous close.
TSLA has been the topic of a number of other reports. Canaccord Genuity Group dropped their price objective on shares of Tesla from $404.00 to $303.
00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com cut Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st.
UBS Group lowered their target price on Tesla from $225.00 to $190.00 and set a “sell” rating on the stock in a research note on Thursday, April 10th.
JPMorgan Chase & Co. dropped their target price on Tesla from $135.00 to $120.
00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Finally, Cowen raised Tesla from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $286.85.
Check Out Our Latest Analysis on Tesla Tesla Stock Up 3.5 % Tesla ( NASDAQ:TSLA – Get Free Report ) last issued its quarterly earnings data 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).
The firm had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion.
Tesla had a net margin of 7.26% and a return on equity of 10.31%.
During the same quarter in the prior year, the firm posted $0.45 EPS. Analysts anticipate that Tesla will post 2.
56 EPS for the current year. Insider Activity In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.
73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $7,242,273.
50. The trade was a 9.02 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction dated Monday, March 10th.
The stock was sold at an average price of $240.79, for a total value of $13,189,513.04.
Following the completion of the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.
30 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 374,228 shares of company stock valued at $123,791,123 in the last ninety days.
Company insiders own 20.70% of the company’s stock. Institutional Investors Weigh In On Tesla Several large investors have recently made changes to their positions in the business.
Cherry Tree Wealth Management LLC raised its position in Tesla by 86.3% in the first 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 stake in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 42 shares during the period.
Newton One Investments LLC lifted its holdings in Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 75 shares in the last quarter.
True Wealth Design LLC boosted its position in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 31 shares during the last quarter.
Finally, Horrell Capital Management Inc. grew its stake in shares of Tesla by 75.6% during the fourth quarter.
Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 66.
20% of the company’s stock. 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 Articles Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter .
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