Tesla (NASDAQ:TSLA) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Tesla (NASDAQ:TSLA) in a report published on Tuesday, Benzinga reports. The brokerage issued a buy rating and a $265.00 price objective on the electric vehicle producer’s stock.

Several other equities analysts have also recently weighed in on the stock. HSBC dropped their price target on shares of Tesla from $138.00 to $120.00 and set a reduce rating on the stock in a research report on Wednesday, April 24th. Cantor Fitzgerald reissued an overweight rating and issued a $230.00 price target on shares of Tesla in a research report on Monday. Citigroup reaffirmed a neutral rating on shares of Tesla in a report on Wednesday, June 12th. Wells Fargo & Company lowered their target price on shares of Tesla from $125.00 to $120.00 and set an underweight rating for the company in a report on Friday, April 12th. Finally, Guggenheim restated a sell rating and set a $126.00 price target on shares of Tesla in a report on Tuesday. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of Hold and a consensus price target of $187.30.

Tesla Trading Up 2.6 %

Shares of Tesla stock opened at $187.35 on Tuesday. The stock has a market capitalization of $597.50 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 4.54 and a beta of 2.32. Tesla has a 52 week low of $138.80 and a 52 week high of $299.29. The stock has a 50 day moving average price of $175.02 and a two-hundred day moving average price of $192.25. 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 (NASDAQ:TSLA) last posted its quarterly earnings results 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 net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. As a group, equities analysts anticipate that Tesla will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the 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 $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. Insiders have sold 104,855 shares of company stock valued at $19,285,643 in the last 90 days. 20.90% of the stock is currently owned by company insiders.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently bought and sold shares of TSLA. Lazari Capital Management Inc. increased its stake in Tesla by 0.6% in the 1st quarter. Lazari Capital Management Inc. now owns 10,604 shares of the electric vehicle producer’s stock worth $1,864,000 after acquiring an additional 60 shares during the last quarter. Keynote Financial Services LLC bought a new position in shares of Tesla in the first quarter worth approximately $412,000. OMC Financial Services LTD purchased a new stake in Tesla in the first quarter valued at approximately $1,068,000. EverSource Wealth Advisors LLC lifted its position in Tesla by 201.3% during the first quarter. EverSource Wealth Advisors LLC now owns 53,998 shares of the electric vehicle producer’s stock valued at $9,896,000 after purchasing an additional 36,075 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Tesla by 466.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 15,799 shares of the electric vehicle producer’s stock worth $2,777,000 after buying an additional 13,012 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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.