Tesla’s (TSLA) Neutral Rating Reiterated at Roth Mkm

Roth Mkm restated their neutral rating on shares of Tesla (NASDAQ:TSLA) in a research note issued to investors on Wednesday morning, Benzinga reports. Roth Mkm currently has a $85.00 price objective on the electric vehicle producer’s stock.

A number of other research analysts have also recently weighed in on TSLA. Wedbush reaffirmed an outperform rating and set a $300.00 price target on shares of Tesla in a research report on Friday, April 19th. Citigroup reduced their price target on shares of Tesla from $196.00 to $180.00 and set a neutral rating on the stock in a research report on Friday, April 12th. Needham & Company LLC reaffirmed a hold rating on shares of Tesla in a research report on Wednesday. Guggenheim reaffirmed a sell rating and set a $122.00 price target on shares of Tesla in a research report on Tuesday, April 23rd. Finally, Morgan Stanley dropped 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 equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Tesla currently has an average rating of Hold and a consensus target price of $186.70.

Tesla Price Performance

TSLA opened at $168.29 on Wednesday. The company’s 50 day simple moving average is $175.04 and its 200 day simple moving average is $207.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. Tesla has a 1 year low of $138.80 and a 1 year high of $299.29. The stock has a market capitalization of $536.71 billion, a PE ratio of 42.93, a P/E/G ratio of 4.50 and a beta of 2.39.

Tesla (NASDAQ:TSLA) 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). The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. As a group, sell-side analysts expect that Tesla will post 1.97 EPS for the current year.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction 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 owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction 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 transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. Insiders own 25.10% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several hedge funds and other institutional investors have recently modified their holdings of the company. White Pine Investment CO acquired a new position in shares of Tesla during the first quarter valued at $225,000. Vigilare Wealth Management boosted its holdings in shares of Tesla by 13.6% during the first quarter. Vigilare Wealth Management now owns 1,849 shares of the electric vehicle producer’s stock valued at $325,000 after acquiring an additional 222 shares during the period. Conning Inc. boosted its holdings in shares of Tesla by 3.2% during the first quarter. Conning Inc. now owns 16,324 shares of the electric vehicle producer’s stock valued at $2,870,000 after acquiring an additional 499 shares during the period. Austin Asset Management Co Inc boosted its holdings in shares of Tesla by 7.0% during the first quarter. Austin Asset Management Co Inc now owns 1,947 shares of the electric vehicle producer’s stock valued at $342,000 after acquiring an additional 127 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Tesla by 4.8% during the first quarter. Pinnacle Associates Ltd. now owns 64,063 shares of the electric vehicle producer’s stock valued at $11,262,000 after acquiring an additional 2,927 shares during the period. 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.