Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed by Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Tesla (NASDAQ:TSLA) in a research note issued to investors on Wednesday, Benzinga reports.

Several other research firms have also recently issued reports on TSLA. Jefferies Financial Group cut their target price on Tesla from $185.00 to $165.00 and set a hold rating for the company in a research report on Wednesday, April 10th. KGI Securities restated a neutral rating and set a $213.00 price target (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. Robert W. Baird restated an outperform rating and set a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Redburn Atlantic began coverage on Tesla in a report on Wednesday, January 24th. They set a sell rating and a $170.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut Tesla from a buy rating to a hold rating and cut their price target for the company from $189.00 to $123.00 in a report on Thursday, April 18th. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Tesla has an average rating of Hold and an average price target of $186.70.

Tesla Stock Performance

NASDAQ:TSLA opened at $168.29 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Tesla has a 12-month low of $138.80 and a 12-month high of $299.29. The stock has a 50-day moving average price of $175.04 and a 200 day moving average price of $207.61. The stock has a market capitalization of $536.71 billion, a P/E ratio of 42.93, a P/E/G ratio of 4.50 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Tesla will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. In the last three months, insiders sold 209,098 shares of company stock valued at $38,802,534. Insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On Tesla

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