BidaskClub downgraded shares of Tesla (NASDAQ:TSLA) from a strong-buy rating to a buy rating in a research note published on Saturday, BidAskClub reports.

TSLA has been the topic of several other research reports. Sanford C. Bernstein reissued a hold rating and issued a $325.00 price target on shares of Tesla in a research note on Thursday, January 9th. Oppenheimer lifted their price target on Tesla from $385.00 to $612.00 and gave the company an outperform rating in a research note on Monday, January 13th. Citigroup lifted their price target on Tesla from $191.00 to $222.00 and gave the company a sell rating in a research note on Wednesday, December 4th. Jefferies Financial Group set a $600.00 price target on Tesla and gave the company a buy rating in a research note on Tuesday, January 14th. Finally, TheStreet raised Tesla from a d+ rating to a c- rating in a research note on Tuesday, October 29th. Nineteen analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $338.78.

Shares of Tesla stock opened at $547.20 on Friday. The stock’s fifty day simple moving average is $425.39 and its 200 day simple moving average is $302.85. Tesla has a 12 month low of $176.99 and a 12 month high of $547.41. The company has a market capitalization of $98.63 billion, a PE ratio of -112.82, a PEG ratio of 3.54 and a beta of 0.64. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $2.28. Tesla had a negative return on equity of 13.42% and a negative net margin of 3.39%. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter last year, the business posted $2.90 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts predict that Tesla will post -4.51 EPS for the current fiscal year.

In other news, CAO Vaibhav Taneja sold 452 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $350.80, for a total value of $158,561.60. Following the completion of the transaction, the chief accounting officer now owns 1,020 shares in the company, valued at approximately $357,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $352.32, for a total value of $52,848.00. Following the completion of the transaction, the chief financial officer now owns 9,701 shares of the company’s stock, valued at approximately $3,417,856.32. The disclosure for this sale can be found here. Insiders sold a total of 98,531 shares of company stock valued at $33,791,753 in the last 90 days. 24.40% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Personal Wealth Partners grew its holdings in Tesla by 5,000.0% during the third quarter. Personal Wealth Partners now owns 102 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 100 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in Tesla by 38.0% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 66,396 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 18,296 shares during the period. HM Payson & Co. bought a new position in Tesla during the second quarter worth about $30,000. Alpha Windward LLC bought a new position in Tesla during the fourth quarter worth about $36,000. Finally, Stonebridge Capital Advisors LLC bought a new position in Tesla during the second quarter worth about $42,000. Institutional investors and hedge funds own 52.61% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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