Is Tesla Motors Inc (NASDAQ:TSLA) a Stock to Watch Now That JMP Securities Has Begun Covering It?


How JMP Securities Currently Rates Tesla Motors Inc (NASDAQ:TSLA)

The Investment firm JMP Securities has started coverage on Tesla Motors Inc (NASDAQ:TSLA)’s stock, rating it “Market Perform”. This was sent to clients and investors in analysts note on 14 December.

From a total of 15 analysts covering Tesla Motors Inc (NASDAQ:TSLA) stock, 8 rate it a ”Buy”, 5 a “Sell”, and 7 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $450 while the lowest target price is $180. The mean of all analyst targets is $286.47 with a 31.94% above today’s ($219.53) stock price. Tesla Motors Inc was the topic of 29 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 25 with “Outperform” rating. Robert W. Baird downgraded shares to “Neutral” rating and $282 target share price in a report from an October 7. UBS maintained TSLA stock in a recent report from October 30 with “Sell” rating. RBC Capital Markets initiated the rating on October 6. RBC Capital Markets has a “Sector Perform” rating and a $280 price target on shares. Finally, Barclays Capital downgraded the stock to “Underweight” rating in a report issued on an October 9.

Approximately 259,408 shares of stock traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 9.38% since May 11, 2015 and is downtrending. It has underperformed by 4.97% the S&P500.

The overall sentiment of institutions has increased to 1.29 in Q2 2015. Its up 0.01, from 1.28 in 2015Q2. The ratio is positive, as 84 institutions have sold all the shares of Tesla Motors Inc that they owned while 122 funds have taken shares off the table. 66 funds have purchased shares for the first time while 199 added to their positions. These institutions now hold 76.22 million shares or 1.63% less than the 77.48 million shares they owned in 2015Q2.

The Fund J&P(China)Capital Management Co.Ltd currently is holding shares equating to 50.38% of its total portfolio in Tesla Motors Inc representing a total of 975,058 shares. Another fund,Andor Capital Management L.L.C., is holding a total of 1.00 million shares equating to 39.05% of their holdings. Additionally, Zevenbergen Capital Investments Llc has a 618,255 share stake in Tesla Motors Inc which represents 6.58% of their total portfolio. The Fund, Long Oar Global Investors Llc, based out of New York, has also built up a stake in the stock, which represents a total of 5.74% of their total portfolio. Finally Hhr Asset Management Llc, a fund which is based in the state of New Jersey reported a total holdings of 488,021 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 16, 2015, shareholders of Tesla Motors Inc have witnessed 0 insider buys, and a total of 6 sales equating to a net activity of approximately $15.35 million . Straubel Jeffrey B sold 10,000 shares worth approximately $2.18M. Ehrenpreis Ira Matthew sold 16,698 shares worth approximately $4.26 million. Ahuja Deepak sold 5,000 shares worth approximately $1.29M. Guillen Jerome M sold 1,500 shares worth approximately $373,291. The company insider Reichow Gregory sold 10,000 shares worth $2.40 million.

Tesla Motors, Inc. is a United States company, which designs, develops, makes and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The company has a market cap of $28.75 billion. The Firm sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. It currently has negative earnings. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers.

According to Zacks Investment Research, “Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.”