Tesla (NASDAQ:TSLA) had its price target decreased by Robert W. Baird from $400.00 to $340.00 in a research report sent to investors on Tuesday, The Fly reports. Robert W. Baird currently has an outperform rating on the electric vehicle producer’s stock.

TSLA has been the topic of several other reports. Canaccord Genuity set a $450.00 price target on shares of Tesla and gave the stock a buy rating in a research report on Tuesday, February 26th. JMP Securities decreased their price target on shares of Tesla from $374.00 to $369.00 and set a market outperform rating on the stock in a research report on Thursday, April 25th. Morgan Stanley reiterated an equal weight rating and issued a $283.00 price target (down from $291.00) on shares of Tesla in a research report on Tuesday, February 5th. Roth Capital decreased their price target on shares of Tesla from $270.00 to $240.00 and set a neutral rating on the stock in a research report on Thursday, April 11th. Finally, ValuEngine upgraded shares of Tesla from a hold rating to a buy rating in a research report on Friday, March 29th. Seventeen equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Tesla presently has a consensus rating of Hold and an average price target of $291.00.

Shares of TSLA stock opened at $195.49 on Tuesday. Tesla has a 12-month low of $186.22 and a 12-month high of $387.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83. The company has a market capitalization of $33.96 billion, a P/E ratio of -34.18 and a beta of 0.27.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.51) by ($1.59). Tesla had a negative return on equity of 18.23% and a negative net margin of 4.29%. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the prior year, the business posted ($3.35) EPS. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, equities analysts predict that Tesla will post -4.64 EPS for the current year.

In other news, Director Antonio J. Gracias sold 16,780 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $285.46, for a total transaction of $4,790,018.80. Following the sale, the director now directly owns 16,792 shares in the company, valued at approximately $4,793,444.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $316.95, for a total transaction of $4,754,250.00. Following the sale, the insider now owns 321,398 shares in the company, valued at $101,867,096.10. The disclosure for this sale can be found here. Insiders have sold a total of 117,100 shares of company stock worth $30,574,286 over the last 90 days. Insiders own 22.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in TSLA. Mackey Komara & Dankovich LLC increased its holdings in Tesla by 493.3% in the 1st quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Sontag Advisory LLC bought a new stake in Tesla in the 4th quarter valued at $26,000. Mizuho Securities Co. Ltd. bought a new stake in Tesla in the 1st quarter valued at $28,000. Gradient Investments LLC increased its holdings in Tesla by 1,660.0% in the 4th quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC bought a new stake in Tesla in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.

Tesla Company Profile

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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