Tesla, Inc. (NASDAQ:TSLA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLAGet Free Report) have been assigned an average recommendation of “Hold” from the forty-one analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $398.4244.

A number of brokerages recently issued reports on TSLA. Jefferies Financial Group reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research note on Monday, April 27th.

View Our Latest Report on Tesla

Tesla Stock Up 3.1%

TSLA stock opened at $411.27 on Friday. The company’s 50 day moving average price is $382.66 and its 200 day moving average price is $418.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 377.31, a PEG ratio of 15.17 and a beta of 1.79.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. On average, equities research analysts anticipate that Tesla will post 1.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 80,213 shares of company stock valued at $30,851,105. 19.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter worth approximately $26,000. Davidson Capital Management Inc. raised its stake in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Friedenthal Financial raised its stake in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Tesla during the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

About Tesla

(Get Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

Featured Articles

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.