Tesla (NASDAQ:TSLA) Receives Neutral Rating from Roth Mkm

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at Roth Mkm in a report issued on Wednesday, Benzinga reports. They presently have a $85.00 price objective on the electric vehicle producer's stock. Roth Mkm's target price points to a potential downside of 47.57% from the stock's previous close.

Several other brokerages have also issued reports on TSLA. Wells Fargo & Company decreased their price target on shares of Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a report on Friday, April 12th. Robert W. Baird restated an "outperform" rating and issued a $280.00 price target on shares of Tesla in a research report on Wednesday, April 17th. Canaccord Genuity Group reduced their price objective on shares of Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research note on Thursday, January 25th. KGI Securities reaffirmed a "neutral" rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Finally, Morgan Stanley reduced their price objective on shares of Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $186.22.

Tesla Stock Performance

TSLA stock traded up $17.45 during trading hours on Wednesday, reaching $162.13. The stock had a trading volume of 180,807,331 shares, compared to its average volume of 103,011,320. The stock has a market capitalization of $516.35 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 3.75 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The stock has a 50-day simple moving average of $176.28 and a 200 day simple moving average of $208.91. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its 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). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Analysts predict that Tesla will post 1.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 20.90% of the company's stock.

Hedge Funds Weigh In On Tesla

A number of hedge funds have recently bought and sold shares of TSLA. Zullo Investment Group Inc. increased its holdings in Tesla by 3.4% in the 1st quarter. Zullo Investment Group Inc. now owns 9,932 shares of the electric vehicle producer's stock worth $1,746,000 after acquiring an additional 323 shares in the last quarter. Round Rock Advisors LLC lifted its position in Tesla by 4.6% in the first quarter. Round Rock Advisors LLC now owns 5,343 shares of the electric vehicle producer's stock worth $939,000 after buying an additional 234 shares during the last quarter. Marino Stram & Associates LLC lifted its position in Tesla by 6.5% in the first quarter. Marino Stram & Associates LLC now owns 1,355 shares of the electric vehicle producer's stock worth $238,000 after buying an additional 83 shares during the last quarter. Dakota Wealth Management lifted its position in Tesla by 78.6% in the first quarter. Dakota Wealth Management now owns 23,364 shares of the electric vehicle producer's stock worth $4,107,000 after buying an additional 10,285 shares during the last quarter. Finally, SOL Capital Management CO lifted its position in Tesla by 12.7% in the first quarter. SOL Capital Management CO now owns 9,292 shares of the electric vehicle producer's stock worth $1,633,000 after buying an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

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.