Tesla (NASDAQ:TSLA) Earns Market Perform Rating from Oppenheimer

Oppenheimer restated their market perform rating on shares of Tesla (NASDAQ:TSLA) in a research note issued to investors on Tuesday morning, Benzinga reports.

TSLA has been the subject of a number of other research reports. Sanford C. Bernstein restated an underperform rating and issued a $120.00 price target on shares of Tesla in a report on Monday, June 10th. Canaccord Genuity Group decreased their price target on Tesla from $234.00 to $222.00 and set a buy rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada decreased their price target on Tesla from $293.00 to $227.00 and set an outperform rating for the company in a report on Thursday, June 20th. Piper Sandler restated an overweight rating and issued a $205.00 price target on shares of Tesla in a report on Monday, April 22nd. Finally, New Street Research reaffirmed a buy rating and issued a $235.00 target price on shares of Tesla in a research report on Tuesday, June 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tesla presently has a consensus rating of Hold and an average price target of $189.47.

Tesla Stock Up 6.5 %

Shares of NASDAQ:TSLA opened at $246.39 on Tuesday. 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 has a market capitalization of $785.79 billion, a P/E ratio of 62.85, a PEG ratio of 5.74 and a beta of 2.31. The stock has a 50-day simple moving average of $182.57 and a 200-day simple moving average of $191.32.

Tesla (NASDAQ:TSLA) last issued 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. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Equities analysts forecast that Tesla will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value 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 $2,772,900. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value 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 $2,772,900. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wyrmwood Management LLC purchased a new stake in Tesla in the 4th quarter worth about $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the 4th quarter worth approximately $25,000. Mendota Financial Group LLC lifted its position in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the 4th quarter worth approximately $37,000. Finally, Guardian Wealth Management Inc. bought a new position in shares of Tesla during the 4th quarter worth approximately $47,000. 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.