Tesla (NASDAQ:TSLA) Rating Reiterated by Cantor Fitzgerald

Tesla (NASDAQ:TSLA)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They currently have a $230.00 price target on the electric vehicle producer’s stock. Cantor Fitzgerald’s target price points to a potential upside of 9.35% from the company’s previous close.

A number of other brokerages have also issued reports on TSLA. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Wedbush reissued an “outperform” rating and issued a $275.00 target price on shares of Tesla in a report on Friday, June 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $175.00 target price on shares of Tesla in a report on Friday, June 14th. Canaccord Genuity Group cut their price target on Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $187.30.

Tesla Stock Up 6.3 %

TSLA stock traded up $12.46 during midday trading on Monday, reaching $210.34. 80,687,969 shares of the company were exchanged, compared to its average volume of 95,213,758. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 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’s 50-day simple moving average is $177.80 and its 200 day simple moving average is $191.38. The company has a market cap of $670.82 billion, a price-to-earnings ratio of 53.55, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, equities analysts forecast that Tesla will post 1.86 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Apexium Financial LP grew its stake in Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after buying an additional 21,972 shares during the last quarter. Mount Vernon Associates Inc. MD grew its stake in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares during the last quarter. Forum Financial Management LP grew its stake in Tesla by 19.7% during the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after buying an additional 3,582 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after buying an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in shares of Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after purchasing an additional 598 shares in the last quarter. Institutional investors 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.