Vetr lowered shares of Tesla (NASDAQ:TSLA) from a buy rating to a hold rating in a research note published on Wednesday morning. The firm currently has $331.71 target price on the electric vehicle producer’s stock.

Several other analysts also recently commented on the stock. Morgan Stanley reissued a hold rating and issued a $317.00 target price on shares of Tesla in a research report on Thursday, September 7th. Sanford C. Bernstein reissued a market perform rating and issued a $265.00 target price on shares of Tesla in a research report on Tuesday, October 3rd. Global Equities Research reissued a buy rating and issued a $485.00 target price on shares of Tesla in a research report on Wednesday, November 29th. Jefferies Group downgraded shares of Tesla from an in-line rating to an underperform rating and decreased their target price for the stock from $312.00 to $240.00 in a research report on Friday, October 27th. Finally, KeyCorp reissued a hold rating on shares of Tesla in a research report on Friday, November 10th. Eleven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $329.47.

Tesla (TSLA) opened at $316.58 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The firm has a market cap of $53,540.00, a P/E ratio of -36.98 and a beta of 0.94. Tesla has a 12 month low of $225.45 and a 12 month high of $389.61.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. equities research analysts expect that Tesla will post -11.38 earnings per share for the current year.

In related news, VP John Douglas Field sold 600 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares in the company, valued at approximately $6,461,478.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total transaction of $723,335.10. Following the sale, the director now owns 154,419 shares of the company’s stock, valued at approximately $51,003,051.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,692 shares of company stock valued at $4,692,003. Corporate insiders own 23.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC acquired a new stake in shares of Tesla during the 3rd quarter worth about $100,000. Pittenger & Anderson Inc. increased its position in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after purchasing an additional 50 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Tesla during the 3rd quarter worth about $106,000. First Personal Financial Services acquired a new stake in shares of Tesla during the 3rd quarter worth about $148,000. Finally, WFG Advisors LP increased its position in shares of Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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