Vetr upgraded shares of Tesla (NASDAQ:TSLA) from a hold rating to a buy rating in a report issued on Monday morning. They currently have $339.63 price objective on the electric vehicle producer’s stock.

Several other research analysts have also commented on the company. Global Equities Research reiterated a buy rating and set a $485.00 price target on shares of Tesla in a report on Wednesday, November 29th. Jefferies Group lowered Tesla from an in-line rating to an underperform rating and reduced their price target for the stock from $312.00 to $240.00 in a report on Friday, October 27th. KeyCorp reiterated a hold rating on shares of Tesla in a report on Friday, November 10th. BidaskClub upgraded Tesla from a strong sell rating to a sell rating in a report on Tuesday, December 12th. Finally, Citigroup reissued a hold rating and set a $371.00 price objective on shares of Tesla in a research report on Thursday, November 2nd. Thirteen analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $324.20.

Tesla (TSLA) opened at $322.31 on Monday. Tesla has a fifty-two week low of $242.01 and a fifty-two week high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $54,170.00, a price-to-earnings ratio of -27.34 and a beta of 0.97.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm earned ($0.69) EPS. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. research analysts expect that Tesla will post -15.15 earnings per share for the current year.

In other news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the transaction, the director now owns 154,589 shares in the company, valued at approximately $48,244,135.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Branderiz sold 801 shares of Tesla stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total value of $284,018.58. Following the completion of the transaction, the vice president now owns 1,287 shares of the company’s stock, valued at approximately $456,344.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,231 shares of company stock valued at $3,292,431. 23.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TSLA. Wealthcare Advisory Partners LLC purchased a new position in shares of Tesla in the 3rd quarter valued at about $100,000. Truewealth LLC purchased a new position in shares of Tesla in the 4th quarter valued at about $102,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Tesla in the 3rd quarter valued at about $106,000. Avestar Capital LLC purchased a new position in shares of Tesla in the 4th quarter valued at about $144,000. Finally, First Personal Financial Services purchased a new position in shares of Tesla in the 3rd quarter valued at about $148,000. Institutional investors and hedge funds own 57.49% 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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