Stifel Nicolaus Issues Pessimistic Forecast for Tesla (NASDAQ:TSLA) Stock Price

Tesla (NASDAQ:TSLA - Free Report) had its target price trimmed by Stifel Nicolaus from $474.00 to $455.00 in a research report report published on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the electric vehicle producer's stock.

A number of other research analysts have also weighed in on the stock. Truist Financial lifted their price target on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. StockNews.com lowered shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Piper Sandler dropped their price target on Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Finally, Benchmark assumed coverage on Tesla in a research report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 target price on the stock. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $317.75.

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Tesla Trading Up 5.3 %

Shares of TSLA traded up $14.30 during trading hours on Monday, reaching $282.76. The stock had a trading volume of 207,473,379 shares, compared to its average volume of 99,419,875. The company has a market cap of $909.50 billion, a P/E ratio of 138.61, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $314.87 and a 200 day moving average of $323.48.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, sell-side analysts expect that Tesla will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Tesla

Large investors have recently made changes to their positions in the company. True Wealth Design LLC increased its stake in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. grew its position in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC acquired a new position in Tesla during the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla in the fourth quarter worth about $38,000. Institutional investors and hedge funds 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.