BidaskClub upgraded shares of Tesla (NASDAQ:TSLA) from a hold rating to a buy rating in a research report sent to investors on Friday.

A number of other equities research analysts have also weighed in on TSLA. Vetr lowered Tesla from a hold rating to a sell rating and set a $341.15 target price for the company. in a research report on Monday, February 26th. Citigroup reaffirmed a neutral rating and set a $347.00 target price (down from $367.00) on shares of Tesla in a research report on Thursday, March 8th. KeyCorp reaffirmed a hold rating on shares of Tesla in a research report on Tuesday, March 13th. Jefferies Financial Group reiterated a sell rating and set a $250.00 price target on shares of Tesla in a research note on Monday, March 19th. Finally, Goldman Sachs Group reiterated a sell rating on shares of Tesla in a research note on Monday, March 19th. Eleven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Tesla currently has an average rating of Hold and a consensus price target of $299.36.

Shares of Tesla opened at $358.17 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.44. The firm has a market cap of $60.74 billion, a price-to-earnings ratio of -31.20 and a beta of 0.88. Tesla has a twelve month low of $244.59 and a twelve month high of $389.61.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.40) by ($0.95). The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.30 billion. Tesla had a negative net margin of 18.77% and a negative return on equity of 40.72%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the firm earned ($1.33) earnings per share. research analysts expect that Tesla will post -10.94 earnings per share for the current fiscal year.

In related news, Director Kimbal Musk sold 1,875 shares of the stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $300.00, for a total value of $562,500.00. Following the completion of the transaction, the director now directly owns 150,208 shares in the company, valued at $45,062,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Elon Musk acquired 33,000 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was acquired at an average price of $298.50 per share, with a total value of $9,850,500.00. The disclosure for this purchase can be found here. 22.80% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Truewealth LLC purchased a new position in Tesla in the fourth quarter worth approximately $102,000. Macroview Investment Management LLC purchased a new position in Tesla in the first quarter worth approximately $106,000. Jacobi Capital Management LLC grew its position in Tesla by 154.4% in the first quarter. Jacobi Capital Management LLC now owns 430 shares of the electric vehicle producer’s stock worth $109,000 after acquiring an additional 261 shares during the period. Institutional & Family Asset Management LLC purchased a new position in Tesla in the first quarter worth approximately $114,000. Finally, Avestar Capital LLC purchased a new position in Tesla in the fourth quarter worth approximately $144,000. Institutional investors own 60.68% 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)

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