Tesla's (TSLA) Neutral Rating Reaffirmed at Robert W. Baird

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Robert W. Baird in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $320.00 price target on the electric vehicle producer's stock. Robert W. Baird's price objective would suggest a potential upside of 8.42% from the stock's previous close.

A number of other research firms have also recently weighed in on TSLA. Wedbush set a $500.00 price objective on shares of Tesla in a research report on Thursday. HSBC cut their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday, March 28th. The Goldman Sachs Group dropped their price objective on Tesla from $295.00 to $285.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Tesla in a research note on Friday. Ten research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $294.27.

Tesla Trading Up 3.7%

Shares of TSLA stock opened at $295.14 on Monday. The firm's 50-day simple moving average is $292.17 and its 200-day simple moving average is $333.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla has a 1-year low of $167.41 and a 1-year high of $488.54. The firm has a market cap of $950.63 billion, a P/E ratio of 144.68, a PEG ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities analysts forecast that Tesla will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 1,000 shares of Tesla stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the chief financial officer now directly owns 1,950 shares of the company's stock, valued at $682,500. The trade was a 33.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company's stock, valued at $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 815,945 shares of company stock valued at $273,059,215 in the last ninety days. Company insiders own 20.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vista Finance LLC boosted its position in shares of Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after purchasing an additional 25 shares during the period. Jmac Enterprises LLC lifted its position in shares of Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after acquiring an additional 26 shares in the last quarter. TFB Advisors LLC lifted its position in shares of Tesla by 0.5% in the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after acquiring an additional 27 shares in the last quarter. Vista Capital Partners Inc. boosted its stake in Tesla by 1.4% in the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after purchasing an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its position in Tesla by 1.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock worth $875,000 after purchasing an additional 27 shares in the last quarter. 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.

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