Analysts Set Tesla, Inc. (NASDAQ:TSLA) PT at $187.30

Tesla, Inc. (NASDAQ:TSLA) has earned a consensus recommendation of “Hold” from the thirty-four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $189.47.

A number of brokerages have recently issued reports on TSLA. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a research note on Thursday, June 20th. Jefferies Financial Group reduced their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Roth Mkm reiterated a “neutral” rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday, April 24th. Mizuho cut their price objective on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Truist Financial reaffirmed a “hold” rating and set a $162.00 price target on shares of Tesla in a research note on Wednesday.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated 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 sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.

Institutional Trading of Tesla

A number of institutional investors have recently modified their holdings of TSLA. Wyrmwood Management LLC bought a new position in shares of Tesla in the fourth quarter worth $25,000. Lam Group Inc. bought a new position in Tesla in the 4th quarter worth about $25,000. Mendota Financial Group LLC grew its holdings in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the fourth quarter valued at about $37,000. Finally, Guardian Wealth Management Inc. purchased a new stake in shares of Tesla in the fourth quarter worth about $47,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 6.5 %

Tesla stock opened at $246.39 on Thursday. The firm has a market cap of $785.79 billion, a price-to-earnings ratio of 62.85, a PEG ratio of 4.91 and a beta of 2.31. Tesla has a 52-week low of $138.80 and a 52-week high of $299.29. 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 50 day moving average price of $180.89 and a two-hundred day moving average price of $190.93.

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

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.