Tesla (NASDAQ:TSLA) Receives Sell Rating from UBS Group

Key Points

• UBS Group has reiterated a sell rating for Tesla (NASDAQ:TSLA), indicating ongoing concerns about the stock's performance.
• Despite UBS's negative outlook, analysts from Wedbush and Piper Sandler have set higher price targets of $500.00 for Tesla shares, suggesting a mixed sentiment among different investment firms.
• Tesla's recent earnings report showed a decline in revenue by 11.8% year-over-year, with earnings per share falling short of estimates, reflecting potential challenges ahead.

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "sell" rating reiterated by equities research analysts at UBS Group in a research note issued on Monday,MarketScreener reports.

TSLA has been the topic of a number of other research reports. Wedbush reissued an "outperform" rating and set a $500.00 price target on shares of Tesla in a report on Monday, September 15th. Dbs Bank boosted their price objective on shares of Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. Piper Sandler lifted their target price on shares of Tesla from $400.00 to $500.00 and gave the company an "overweight" rating in a report on Monday. Argus reissued a "hold" rating on shares of Tesla in a report on Monday, June 9th. Finally, Baird R W raised Tesla from a "hold" rating to a "strong-buy" rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have given a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $326.74.

Tesla Stock Performance

Shares of TSLA stock opened at $435.14 on Monday. The firm has a market cap of $1.45 trillion, a price-to-earnings ratio of 254.10, a PEG ratio of 14.86 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla has a 1 year low of $212.11 and a 1 year high of $488.54. The stock's 50-day moving average is $343.03 and its two-hundred day moving average is $309.87.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same period in the previous year, the company posted $0.52 earnings per share. Tesla's revenue was down 11.8% compared to the same quarter last year. Analysts predict that Tesla will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the sale, the director owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,606 shares of company stock worth $77,360,462. 19.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Tesla

Large investors have recently modified their holdings of the stock. Cherry Tree Wealth Management LLC grew its holdings in Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. First PREMIER Bank raised its stake in shares of Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chapman Financial Group LLC acquired a new position in Tesla in the second quarter worth about $26,000. Newton One Investments LLC increased its holdings in Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in Tesla during the first quarter valued at approximately $27,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.