Tesla (NASDAQ:TSLA) Earns Market Perform Rating from Oppenheimer

Oppenheimer reiterated their market perform rating on shares of Tesla (NASDAQ:TSLA - Free Report) in a research report released on Tuesday morning, Benzinga reports.

TSLA has been the topic of a number of other research reports. KGI Securities reiterated a neutral rating and issued a $213.00 price objective (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. JPMorgan Chase & Co. cut their price objective on shares of Tesla from $135.00 to $130.00 and set an underweight rating on the stock in a report on Friday, January 26th. Robert W. Baird reiterated an outperform rating and issued a $300.00 price objective on shares of Tesla in a report on Thursday, January 25th. The Goldman Sachs Group cut their price objective on shares of Tesla from $220.00 to $190.00 and set a neutral rating on the stock in a report on Monday, March 18th. Finally, Jefferies Financial Group cut their price objective on shares of Tesla from $225.00 to $185.00 and set a hold rating on the stock in a report on Monday, January 29th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $203.89.

Tesla Stock Down 4.9 %

Tesla stock traded down $8.59 during trading on Tuesday, reaching $166.63. 116,441,580 shares of the company's stock were exchanged, compared to its average volume of 102,568,922. The company's 50-day moving average is $185.65 and its two-hundred day moving average is $219.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla has a 52-week low of $152.37 and a 52-week high of $299.29. The firm has a market cap of $530.68 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 3.97 and a beta of 2.40.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. During the same period last year, the company posted $1.07 earnings per share. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Tesla will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were 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 owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at $2,631,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,598 shares of company stock worth $36,952,434. Insiders own 20.90% of the company's stock.

Institutional Trading of Tesla

Large investors have recently added to or reduced their stakes in the business. Synergy Financial Group LTD boosted its holdings in Tesla by 7.3% during the second quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer's stock worth $1,684,000 after buying an additional 438 shares in the last quarter. New Republic Capital LLC bought a new stake in Tesla during the second quarter worth approximately $429,000. Oak Ridge Investments LLC boosted its holdings in Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer's stock worth $8,065,000 after buying an additional 1,405 shares in the last quarter. Charter Oak Capital Management LLC boosted its holdings in Tesla by 8.9% during the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer's stock worth $318,000 after buying an additional 104 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Tesla by 14.4% in the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer's stock valued at $36,717,000 after acquiring an additional 18,462 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

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.