Tesla (NASDAQ:TSLA) Given Market Perform Rating at Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Tesla (NASDAQ:TSLA) in a research report released on Tuesday, Benzinga reports.

Several other brokerages have also issued reports on TSLA. Roth Mkm reiterated a neutral rating and set a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesla from $123.00 to $136.00 and gave the stock a hold rating in a report on Thursday, April 25th. Citigroup reaffirmed a neutral rating on shares of Tesla in a research note on Wednesday, June 12th. Wedbush reaffirmed an outperform rating and issued a $275.00 price objective on shares of Tesla in a research report on Friday, June 14th. Finally, Wells Fargo & Company reissued an underweight rating and issued a $120.00 price objective on shares of Tesla in a report on Monday, July 1st. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of Hold and an average price target of $192.71.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $251.52 on Tuesday. Tesla has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $184.10 and a 200-day simple moving average of $191.70. The company has a market cap of $802.15 billion, a P/E ratio of 64.16, a P/E/G ratio of 6.11 and a beta of 2.31.

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

Insider Buying and Selling at Tesla

In related news, 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 value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now directly 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 can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s 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 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. Corporate insiders own 20.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Hedge funds have recently bought and sold shares of the company. Holderness Investments Co. grew its stake in Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares during the period. Daymark Wealth Partners LLC increased its position in shares of Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after acquiring an additional 45 shares during the period. Cravens & Co Advisors LLC boosted its holdings in Tesla by 1.2% in the third quarter. Cravens & Co Advisors LLC now owns 4,095 shares of the electric vehicle producer’s stock valued at $1,025,000 after acquiring an additional 48 shares in the last quarter. Patten & Patten Inc. TN raised its holdings in Tesla by 1.1% in the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock worth $1,143,000 after purchasing an additional 48 shares in the last quarter. Finally, Caerus Investment Advisors LLC boosted its holdings in Tesla by 0.3% in the fourth quarter. Caerus Investment Advisors LLC now owns 14,395 shares of the electric vehicle producer’s stock worth $3,577,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

About Tesla

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.