Tesla, Inc. (NASDAQ:TSLA) Receives Average Rating of “Hold” from Analysts

Tesla, Inc. (NASDAQ:TSLA) has been assigned a consensus recommendation of “Hold” from the thirty-seven brokerages that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $322.29.

A number of brokerages have recently commented on TSLA. The Goldman Sachs Group raised their price target on Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Evercore ISI upped their target price on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Truist Financial boosted their price objective on Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, January 30th.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $36,761,200. This represents a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 664,776 shares of company stock valued at $239,746,862 over the last three months. 20.70% of the stock is owned by insiders.

Institutional Trading of Tesla

A number of institutional investors have recently made changes to their positions in the business. Blue Barn Wealth LLC grew its stake in shares of Tesla by 2.0% in the fourth quarter. Blue Barn Wealth LLC now owns 1,892 shares of the electric vehicle producer’s stock valued at $764,000 after buying an additional 37 shares in the last quarter. Opulen Financial Group LLC bought a new stake in shares of Tesla in the 4th quarter valued at about $394,000. Ethos Financial Group LLC lifted its stake in Tesla by 331.3% in the 4th quarter. Ethos Financial Group LLC now owns 4,986 shares of the electric vehicle producer’s stock valued at $2,014,000 after purchasing an additional 3,830 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Tesla by 5.3% during the fourth quarter. Lindbrook Capital LLC now owns 15,839 shares of the electric vehicle producer’s stock worth $6,396,000 after purchasing an additional 793 shares during the period. Finally, Carmel Capital Partners LLC increased its position in Tesla by 3.1% during the fourth quarter. Carmel Capital Partners LLC now owns 11,075 shares of the electric vehicle producer’s stock worth $4,473,000 after buying an additional 338 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 1.0 %

TSLA stock opened at $374.32 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $407.11 and its 200 day simple moving average is $302.26. The stock has a market cap of $1.20 trillion, a PE ratio of 183.49, a price-to-earnings-growth ratio of 6.79 and a beta of 2.34. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, sell-side analysts predict that Tesla will post 2.82 EPS for the current year.

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.