Tesla, Inc. (NASDAQ:TSLA) Receives $187.30 Consensus PT from Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLA) have been assigned a consensus rating of “Hold” from the thirty-four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $187.30.

TSLA has been the subject of several analyst reports. Truist Financial reduced their price target on shares of Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday, June 20th. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price objective on shares of Tesla in a report on Monday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $175.00 target price on shares of Tesla in a research note on Friday, June 14th. Finally, New Street Research reissued a “buy” rating and issued a $235.00 price target on shares of Tesla in a research note on Tuesday, June 25th.

Tesla Stock Performance

Shares of TSLA opened at $197.88 on Thursday. Tesla has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a market cap of $631.08 billion, a price-to-earnings ratio of 50.48, a price-to-earnings-growth ratio of 4.90 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The firm has a fifty day moving average of $177.80 and a 200-day moving average of $191.71.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. As a group, equities analysts anticipate that Tesla will post 1.87 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on 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 directly owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock worth $19,285,643 over the last ninety days. 25.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wyrmwood Management LLC bought a new stake in Tesla in the 4th quarter valued at $25,000. Lam Group Inc. bought a new stake in Tesla in the 4th quarter valued at $25,000. Mendota Financial Group LLC boosted its stake in Tesla by 202.2% in 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 during the period. OLD Point Trust & Financial Services N A bought a new stake in Tesla in the 4th quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the period. 66.20% of the stock is currently 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.