Barclays reissued their underweight rating on shares of Tesla (NASDAQ:TSLA) in a research report sent to investors on Thursday morning, The Fly reports. They currently have a $1.00 price target on the electric vehicle producer’s stock.

Several other equities analysts have also recently commented on the stock. Vetr upgraded shares of Tesla from a strong sell rating to a sell rating and set a $320.97 target price for the company in a research report on Friday, October 13th. Global Equities Research restated a buy rating and issued a $485.00 target price on shares of Tesla in a research report on Wednesday, November 29th. Jefferies Group cut shares of Tesla from an in-line rating to an underperform rating and dropped their target price for the company from $312.00 to $240.00 in a research report on Friday, October 27th. KeyCorp reiterated a hold rating on shares of Tesla in a research report on Friday, November 10th. Finally, BidaskClub upgraded shares of Tesla from a strong sell rating to a sell rating in a research report on Tuesday, December 12th. Twelve research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $322.45.

Tesla (TSLA) opened at $310.42 on Thursday. The company has a market cap of $52,170.00, a P/E ratio of -26.33 and a beta of 0.97. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla has a 12-month low of $242.01 and a 12-month high of $389.61.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.69) EPS. sell-side analysts predict that Tesla will post -6.87 earnings per share for the current fiscal year.

In other Tesla news, VP John Douglas Field sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total value of $476,938.00. Following the completion of the transaction, the vice president now directly owns 21,528 shares in the company, valued at approximately $7,333,943.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $313.25, for a total transaction of $543,802.00. Following the completion of the transaction, the vice president now owns 1,225 shares of the company’s stock, valued at $383,731.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,231 shares of company stock valued at $3,292,431. Corporate insiders own 23.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC increased its position in Tesla by 17.1% in the 4th quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock valued at $1,053,158,000 after acquiring an additional 494,761 shares during the period. American Century Companies Inc. boosted its stake in shares of Tesla by 8.9% in the 4th quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock valued at $203,981,000 after purchasing an additional 53,279 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Tesla by 77.1% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock valued at $197,922,000 after purchasing an additional 276,781 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Tesla by 126.6% in the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after purchasing an additional 305,596 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Tesla by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 545,371 shares of the electric vehicle producer’s stock valued at $186,026,000 after purchasing an additional 7,119 shares during the last quarter. Hedge funds and other institutional investors own 57.35% of the company’s stock.

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About Tesla

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.

The Fly

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