Tesla (NASDAQ:TSLA) Rating Reiterated by Guggenheim

Guggenheim reiterated their sell rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $134.00 price objective on the electric vehicle producer’s stock.

TSLA has been the topic of several other research reports. New Street Research reaffirmed a buy rating and set a $235.00 target price on shares of Tesla in a research report on Tuesday, June 25th. Robert W. Baird reiterated an outperform rating and issued a $280.00 target price on shares of Tesla in a research note on Tuesday, July 16th. Evercore ISI decreased their price target on shares of Tesla from $155.00 to $145.00 and set an in-line rating for the company in a research report on Monday, April 29th. Bank of America raised shares of Tesla from a neutral rating to a buy rating and set a $220.00 price objective on the stock in a research report on Wednesday, April 24th. Finally, TD Cowen increased their target price on shares of Tesla from $160.00 to $180.00 and gave the company a hold rating in a research report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of Hold and a consensus price target of $204.30.

Tesla Price Performance

Shares of TSLA stock opened at $219.80 on Tuesday. The stock has a 50 day moving average price of $205.68 and a 200 day moving average price of $191.23. Tesla has a 52-week low of $138.80 and a 52-week high of $278.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.17 and a current ratio of 1.91. The firm has a market capitalization of $700.99 billion, a P/E ratio of 56.07, a P/E/G ratio of 5.39 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. As a group, sell-side analysts predict that Tesla will post 1.85 earnings per share for the current year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of Tesla 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 owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tesla news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 25.10% of the company’s stock.

Hedge Funds Weigh In On Tesla

Institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Financial Advisory LLC lifted its position in Tesla by 3.2% during the second quarter. Beacon Financial Advisory LLC now owns 6,833 shares of the electric vehicle producer’s stock worth $1,352,000 after buying an additional 209 shares in the last quarter. Aletheian Wealth Advisors LLC increased its stake in shares of Tesla by 7.5% in the 2nd quarter. Aletheian Wealth Advisors LLC now owns 5,207 shares of the electric vehicle producer’s stock worth $1,030,000 after acquiring an additional 365 shares during the last quarter. West Branch Capital LLC increased its stake in shares of Tesla by 47.0% in the 2nd quarter. West Branch Capital LLC now owns 3,170 shares of the electric vehicle producer’s stock worth $627,000 after acquiring an additional 1,014 shares during the last quarter. Ballast Advisors LLC raised its holdings in shares of Tesla by 18.2% during the 2nd quarter. Ballast Advisors LLC now owns 5,888 shares of the electric vehicle producer’s stock worth $1,165,000 after acquiring an additional 906 shares during the period. Finally, Avion Wealth boosted its position in shares of Tesla by 54.8% during the 2nd quarter. Avion Wealth now owns 3,722 shares of the electric vehicle producer’s stock valued at $736,000 after acquiring an additional 1,318 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Company Profile

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.