Tesla (NASDAQ:TSLA) received a $470.00 price target from equities researchers at Berenberg Bank in a research report issued on Thursday. The brokerage presently has a “buy” rating on the electric vehicle producer’s stock. Berenberg Bank’s target price points to a potential upside of 51.41% from the stock’s current price.

TSLA has been the subject of several other research reports. Zacks Investment Research lowered Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Jefferies Group lowered Tesla from an “in-line” rating to an “underperform” rating and decreased their target price for the stock from $312.00 to $240.00 in a research report on Friday, October 27th. Nomura reissued a “buy” rating and issued a $500.00 price target on shares of Tesla in a report on Tuesday, October 31st. ValuEngine raised Tesla from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Vetr downgraded Tesla from a “buy” rating to a “hold” rating and set a $331.97 price target on the stock. in a report on Tuesday, January 9th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $322.45.

Tesla (TSLA) opened at $310.42 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a 12-month low of $242.01 and a 12-month high of $389.61.

Tesla (NASDAQ:TSLA) last issued its 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. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business’s revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.69) EPS. research analysts predict that Tesla will post -6.87 EPS for the current fiscal year.

In other Tesla news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction on Monday, November 27th. The stock was sold at an average price of $313.25, for a total transaction of $543,802.00. Following the sale, the vice president now owns 1,225 shares of the company’s stock, valued at approximately $383,731.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares in the company, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,231 shares of company stock worth $3,292,431 in the last ninety days. 23.10% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC bought a new stake in Tesla during the 3rd quarter valued at $100,000. Mckinley Capital Management LLC Delaware bought a new stake in Tesla during the 3rd quarter valued at $106,000. First Personal Financial Services bought a new stake in Tesla during the 3rd quarter valued at $148,000. WFG Advisors LP raised its stake in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after acquiring an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after purchasing an additional 95 shares during the period. 57.35% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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