UBS Group Raises Tesla (NASDAQ:TSLA) Price Target to $364.00

by · The Cerbat Gem

Tesla (NASDAQ:TSLAGet Free Report) had its target price increased by UBS Group from $352.00 to $364.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the electric vehicle producer’s stock. UBS Group’s price target would indicate a potential downside of 18.04% from the company’s previous close.

Other research analysts have also issued reports about the company. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wedbush reaffirmed an “outperform” rating and set a $600.00 price target on shares of Tesla in a report on Tuesday, April 21st. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a report on Monday, April 27th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a research note on Friday, April 24th. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $395.20.

View Our Latest Research Report on TSLA

Tesla Stock Performance

Shares of TSLA opened at $444.14 on Wednesday. The company has a market cap of $1.67 trillion, a PE ratio of 409.15, a price-to-earnings-growth ratio of 17.18 and a beta of 1.79. The firm has a 50-day moving average of $385.07 and a 200-day moving average of $418.18. Tesla has a one year low of $273.21 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. As a group, equities analysts forecast that Tesla will post 1.2 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction 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 transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 80,213 shares of company stock worth $30,851,105. Corporate insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. VanderPol Investments L.L.C. increased its position in Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after acquiring an additional 23 shares during the last quarter. Cloud Capital Management LLC boosted its holdings in shares of Tesla by 1.1% during the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after acquiring an additional 23 shares in the last quarter. PFS Partners LLC grew its position in Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after acquiring an additional 24 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its holdings in Tesla by 0.6% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 4,157 shares of the electric vehicle producer’s stock worth $1,848,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

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Tesla Company Profile

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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.

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