Tesla, Inc. (NASDAQ:TSLA) Receives Consensus Rating of "Reduce" from Brokerages

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) has been given an average rating of "Reduce" by the thirty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $198.81.

A number of analysts recently issued reports on the company. HSBC lowered their price target on Tesla from $143.00 to $138.00 and set a "reduce" rating for the company in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated an "outperform" rating and set a $298.00 target price on shares of Tesla in a research report on Wednesday, March 27th. Jefferies Financial Group decreased their target price on Tesla from $185.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday. Oppenheimer reiterated a "market perform" rating on shares of Tesla in a research report on Tuesday, April 2nd. Finally, UBS Group decreased their target price on Tesla from $225.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, March 14th.

Tesla Trading Down 2.0 %

TSLA traded down $3.55 during trading on Friday, reaching $171.05. The company had a trading volume of 64,722,669 shares, compared to its average volume of 89,814,936. The stock has a market cap of $544.76 billion, a P/E ratio of 39.69, a PEG ratio of 4.49 and a beta of 2.39. The business has a 50 day simple moving average of $181.83 and a 200-day simple moving average of $214.48. Tesla has a 52 week low of $152.37 and a 52 week high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, equities analysts anticipate that Tesla will post 2.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Large investors have recently modified their holdings of the business. Mount Vernon Associates Inc. MD boosted its position in Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer's stock valued at $1,724,000 after buying an additional 350 shares during the last quarter. Oak Ridge Investments LLC boosted its position in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer's stock valued at $8,065,000 after buying an additional 1,405 shares during the last quarter. Charter Oak Capital Management LLC boosted its position in Tesla by 8.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer's stock valued at $318,000 after buying an additional 104 shares during the last quarter. CWM LLC boosted its position in Tesla by 14.4% in the third quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer's stock valued at $36,717,000 after buying an additional 18,462 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Tesla by 3.7% in the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer's stock valued at $182,352,000 after buying an additional 25,943 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Company Profile

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.