BidaskClub lowered shares of Tesla (NASDAQ:TSLA) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Tesla from a hold rating to a sell rating in a research report on Tuesday, February 13th. UBS set a $195.00 target price on shares of Tesla and gave the company a sell rating in a research report on Friday, February 9th. Vetr raised shares of Tesla from a hold rating to a buy rating and set a $339.63 target price for the company in a research report on Monday, February 12th. JPMorgan Chase set a $190.00 price target on shares of Tesla and gave the stock a sell rating in a report on Thursday, February 8th. Finally, KeyCorp reaffirmed a hold rating on shares of Tesla in a report on Thursday, January 4th. Thirteen equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $304.33.

NASDAQ:TSLA opened at $294.08 on Tuesday. Tesla has a 52 week low of $244.59 and a 52 week high of $389.61. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.56. The company has a market cap of $48,223.26, a P/E ratio of -25.62 and a beta of 1.19.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company posted ($0.69) earnings per share. Tesla’s revenue for the quarter was up 43.9% compared to the same quarter last year. equities analysts anticipate that Tesla will post -15.15 EPS for the current fiscal year.

In related news, Director Kimbal Musk sold 1,875 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $300.00, for a total transaction of $562,500.00. Following the sale, the director now owns 150,208 shares in the company, valued at $45,062,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Eric Branderiz sold 401 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $353.50, for a total transaction of $141,753.50. Following the sale, the vice president now owns 1,248 shares in the company, valued at approximately $441,168. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,728 shares of company stock valued at $1,502,822. 23.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its position in Tesla by 17.1% during the fourth quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock valued at $1,053,158,000 after buying an additional 494,761 shares during the period. Bamco Inc. NY grew its position in Tesla by 0.6% during the fourth quarter. Bamco Inc. NY now owns 1,612,051 shares of the electric vehicle producer’s stock valued at $501,912,000 after buying an additional 10,040 shares during the period. American Century Companies Inc. grew its position in Tesla by 8.9% during the fourth quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock valued at $203,981,000 after buying an additional 53,279 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its position in Tesla by 77.1% during the fourth 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 buying an additional 276,781 shares during the period. Finally, Swiss National Bank grew its position in Tesla by 1.7% during the fourth quarter. Swiss National Bank now owns 492,485 shares of the electric vehicle producer’s stock valued at $153,335,000 after buying an additional 8,100 shares during the period. Institutional investors own 58.22% 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, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.