Tesla (NASDAQ:TSLA) Given New $145.00 Price Target at Evercore ISI

Tesla (NASDAQ:TSLA) had its price target trimmed by Evercore ISI from $155.00 to $145.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an in-line rating on the electric vehicle producer’s stock.

TSLA has been the subject of several other reports. Wells Fargo & Company cut their price target on shares of Tesla from $125.00 to $120.00 and set an underweight rating for the company in a research report on Friday, April 12th. Morgan Stanley cut their price target on shares of Tesla from $320.00 to $310.00 and set an overweight rating for the company in a research report on Thursday, April 4th. Canaccord Genuity Group cut their price target on shares of Tesla from $234.00 to $222.00 and set a buy rating for the company in a research report on Wednesday, April 24th. KGI Securities restated a neutral rating and set a $213.00 price target (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesla from $123.00 to $136.00 and gave the company a hold rating in a research note on Thursday, April 25th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given 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 $184.32.

Tesla Stock Performance

NASDAQ TSLA opened at $179.99 on Monday. The company has a 50-day simple moving average of $174.41 and a two-hundred day simple moving average of $206.11. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla has a 12-month low of $138.80 and a 12-month high of $299.29. The firm has a market cap of $574.02 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 5.28 and a beta of 2.39.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of institutional investors have recently made changes to their positions in the company. YHB Investment Advisors Inc. lifted its holdings in Tesla by 6.4% in the third quarter. YHB Investment Advisors Inc. now owns 1,999 shares of the electric vehicle producer’s stock valued at $500,000 after acquiring an additional 120 shares during the period. RMR Wealth Builders boosted its stake in shares of Tesla by 32.9% during the 3rd quarter. RMR Wealth Builders now owns 12,650 shares of the electric vehicle producer’s stock worth $3,165,000 after acquiring an additional 3,135 shares during the last quarter. Sweet Financial Partners LLC boosted its stake in shares of Tesla by 5.9% during the 3rd quarter. Sweet Financial Partners LLC now owns 1,553 shares of the electric vehicle producer’s stock worth $389,000 after acquiring an additional 87 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in shares of Tesla by 4.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 34,831 shares of the electric vehicle producer’s stock worth $8,877,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Vicus Capital boosted its stake in shares of Tesla by 50.6% during the 3rd quarter. Vicus Capital now owns 1,676 shares of the electric vehicle producer’s stock worth $419,000 after acquiring an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

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.