Tesla (NASDAQ:TSLA) Earns “Neutral” Rating from Roth Mkm

Roth Mkm restated their neutral rating on shares of Tesla (NASDAQ:TSLA) in a research report report published on Friday, Benzinga reports. Roth Mkm currently has a $85.00 price target on the electric vehicle producer’s stock.

Other research analysts have also recently issued research reports about the stock. Argus restated a buy rating and set a $286.00 target price on shares of Tesla in a research note on Friday, July 26th. Wells Fargo & Company reaffirmed an underweight rating and issued a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. Stifel Nicolaus assumed coverage on Tesla in a research note on Tuesday, June 25th. They set a buy rating and a $265.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a buy rating and issued a $295.00 price target on shares of Tesla in a research note on Tuesday, September 10th. Finally, Wolfe Research started coverage on shares of Tesla in a report on Thursday, September 5th. They issued a peer perform rating on the stock. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $210.72.

Tesla Stock Performance

NASDAQ:TSLA opened at $217.80 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The stock has a 50-day simple moving average of $225.43 and a two-hundred day simple moving average of $203.96. The firm has a market capitalization of $695.79 billion, a PE ratio of 61.18, a P/E/G ratio of 6.48 and a beta of 2.29. Tesla has a 52-week low of $138.80 and a 52-week high of $271.00.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Tesla will post 1.75 EPS for the current year.

Insider Activity

In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,661 shares of company stock valued at $16,663,291. 20.70% of the stock is currently owned by company insiders.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank & Trust Co bought a new stake in shares of Tesla in the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla during the second quarter valued at approximately $26,000. Abich Financial Wealth Management LLC raised its stake in Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Clean Yield Group lifted its holdings in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares during the period. Finally, M&R Capital Management Inc. boosted its position in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. 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.