They have currently given the stock of an electric vehicle manufacturer a neutral rating.
Other research analysts have also commented recently on the company. Needham & Company LLC reissued a Hold rating on Tesla shares in a research report on Thursday, 2nd March. Cowen raised their price target for Tesla from $120.00 to $140.00 in a report published on Thursday, January 26, and gave it a rating of market perform. Truist Financial reduced its price target for Tesla from $299.00 down to $245.00 in a report published on Monday, 23rd January. They also set a Buy rating on the stock. Mizuho cut their price target for Tesla from $250.00 down to $230.00 in a Thursday report. They also set a Buy rating. Berenberg Bank, in a report published on March 8th, reduced Tesla's buy rating from $250.00 to $230.00 and raised their target price from $200.00 up to 210.00. Six analysts have given the company stock a sell recommendation, while fifteen others have assigned a hold recommendation and 18 have given it a buy recommendation. The company has a simple 50-day moving average of 191,22 dollars and a simple 200-day moving average at $181,15 dollars. Tesla's 52-week low is $101.81 while its 52-week high is $364.07. The company's quick ratio is 1.05, its current ratio is 1.53, and it has a debt to equity ratio of 0.04.
The last time ) released its earnings was on Wednesday, 19th April. The electric vehicle manufacturer reported $0.85 per share for the third quarter, matching the consensus estimate. The company had revenue of $23.33billion during the quarter compared to the estimate of $23.36billion. Tesla's return on equity was 31.71%, and its net margin was 15.41%. The company's quarterly revenues were up 24.4% compared to the previous year. In the same quarter last year, the company earned $0.95 per share. Analysts on the sell-side predict that Tesla will earn 3.43 earnings per share for its current fiscal year.
Insiders Buying and selling at Tesla
On Monday, 6th March, the company sold 2,466 of its shares. The stock was bought at a price of $195.79 on average, which equates to a value of $482.818.14. After the completion of the deal, the chief accountant now owns approximately $19,668,671.82 worth of shares. On Monday, 6th March, the company sold 2,466 of its shares. The stock was bought at an average of $195.79 for a value of $482.818.14. After the transaction was completed, the chief accountant now owns approximately $19,668,671.82 worth of shares. On Tuesday, 4th April, the company sold 3,750 of its shares. The shares were purchased at an average of $197.31 for a value of $739.912.50. After the transaction was completed, the chief executive officer now holds 199,323 of the company's shares, worth approximately $39 328 421.13. Insiders have sold 153 219 shares worth $29 698 354 during the last quarter. Insiders own 25.10% of the company's stock.
Inflows of Institutional Capital and Outflows
Hedge funds and institutional investors have made recent changes to their holdings in the company. Cranbrook Wealth Management LLC increased its stake in Tesla shares by 224.1% over the third quarter. Cranbrook Wealth Management LLC owns 94 of the electric car producer's shares worth $25,000, after purchasing an additional 65 during the period. Coston McIsaac & Partners increased its stake in Tesla from 200.0% to 96.0% during the third quarter. Coston McIsaac & Partners owns 96 of the electric car producer's shares worth $25,000. This is after buying an additional 64 during the period. West Oak Capital LLC purchased a new Tesla position in the third quarter, worth approximately $27,000. Alpha Paradigm Partners LLC purchased a new Tesla position in the third quarter, worth approximately $27,000. Norway Savings Bank increased its stake in Tesla in the third quarter by 200.0%. Norway Savings Bank owns 105 of the electric car producer's shares worth $28,000, after buying an additional 70 during the period. Institutional investors hold 43.00% the stock of the company.
Tesla, Inc. is a company that designs, develops, manufactures, and sells fully electric vehicles, as well as energy storage and generation systems. The company is divided into two segments: Automotive and Energy Generation and Storage. The Automotive segment includes design, development and manufacture of electric vehicles, as well as the sale of automotive regulatory credit.
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