Tesla (NASDAQ:TSLA) Shares Gap Down to $147.05

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $147.05, but opened at $140.56. Tesla shares last traded at $140.25, with a volume of 51,036,515 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSLA shares. Mizuho reiterated a "neutral" rating and set a $195.00 price target (down from $270.00) on shares of Tesla in a report on Monday, March 25th. Citigroup lowered their price target on Tesla from $196.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. China Renaissance started coverage on Tesla in a research report on Monday, February 26th. They issued a "hold" rating on the stock. Daiwa Capital Markets cut Tesla from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Finally, Canaccord Genuity Group lowered their price target on Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $194.70.

Tesla Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $452.40 billion, a P/E ratio of 32.96, a P/E/G ratio of 3.89 and a beta of 2.39. The stock has a fifty day moving average of $177.59 and a 200-day moving average of $210.05.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $25.17 billion for 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 previous year, the business posted $1.07 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company's stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by corporate insiders.

Institutional Trading of Tesla

A number of hedge funds have recently made changes to their positions in the business. Wyrmwood Management LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC boosted its stake in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after acquiring an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV boosted its stake in shares of Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer's stock worth $35,000 after acquiring an additional 69 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new stake in Tesla in the 4th quarter valued at $37,000. 66.20% of the stock is owned by institutional investors and hedge funds.

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.