Tesla, Inc. (NASDAQ:TSLA) Receives $219.45 Consensus Target Price from Analysts

Tesla, Inc. (NASDAQ:TSLA) has been given an average recommendation of “Hold” by the thirty-eight analysts that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $219.45.

A number of research firms have weighed in on TSLA. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Wolfe Research began coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a research note on Thursday, October 24th. Finally, William Blair initiated coverage on Tesla in a research note on Thursday, August 29th. They issued an “outperform” rating for the company.

Tesla Stock Down 0.3 %

NASDAQ TSLA opened at $248.98 on Wednesday. Tesla has a twelve month low of $138.80 and a twelve month high of $273.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock has a market cap of $799.24 billion, a PE ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29. The firm has a 50-day simple moving average of $234.14 and a 200 day simple moving average of $211.15.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, research analysts forecast that Tesla will post 1.96 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,297 shares of company stock worth $3,065,866. Company insiders own 20.70% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of large investors have recently bought and sold shares of TSLA. Westside Investment Management Inc. lifted its position in Tesla by 26.9% during the 1st quarter. Westside Investment Management Inc. now owns 3,457 shares of the electric vehicle producer’s stock worth $608,000 after buying an additional 732 shares in the last quarter. Madrona Financial Services LLC boosted its position in Tesla by 478.6% during the first quarter. Madrona Financial Services LLC now owns 18,127 shares of the electric vehicle producer’s stock valued at $3,187,000 after purchasing an additional 14,994 shares during the last quarter. Fluent Financial LLC bought a new position in Tesla in the first quarter valued at approximately $750,000. Cornerstone Wealth Management LLC increased its position in shares of Tesla by 3.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 15,032 shares of the electric vehicle producer’s stock worth $2,642,000 after purchasing an additional 472 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in shares of Tesla by 4.4% during the 1st quarter. First Trust Direct Indexing L.P. now owns 58,268 shares of the electric vehicle producer’s stock worth $10,243,000 after purchasing an additional 2,433 shares in the last quarter. 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.