Tesla (NASDAQ:TSLA) had its price target cut by JMP Securities from $1,020.00 to $1,001.00 in a report published on Tuesday, BenzingaRatingsTable reports. They currently have an outperform rating on the electric vehicle producer’s stock.

TSLA has been the subject of several other research reports. Bank of America upgraded shares of Tesla to a buy rating in a report on Wednesday, May 6th. Oppenheimer restated a buy rating and issued a $968.00 target price (up previously from $684.00) on shares of Tesla in a report on Thursday, April 30th. New Street Research upgraded shares of Tesla from a neutral rating to a buy rating and set a $800.00 target price for the company in a report on Friday, March 27th. Credit Suisse Group upped their target price on shares of Tesla from $580.00 to $700.00 and gave the company a neutral rating in a report on Thursday, April 30th. Finally, Citigroup lowered their target price on shares of Tesla from $312.00 to $246.00 and set a sell rating for the company in a report on Tuesday, March 24th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tesla has a consensus rating of Hold and an average price target of $559.74.

NASDAQ TSLA opened at $816.88 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 1.07. Tesla has a 52 week low of $176.99 and a 52 week high of $968.99. The stock has a market capitalization of $151.18 billion, a PE ratio of -917.84 and a beta of 1.15. The firm has a 50 day moving average of $706.72 and a two-hundred day moving average of $562.53.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, April 29th. The electric vehicle producer reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.36) by $1.60. Tesla had a negative net margin of 0.55% and a negative return on equity of 1.86%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business posted ($2.90) EPS. The firm’s revenue was up 31.8% on a year-over-year basis. On average, equities research analysts expect that Tesla will post -0.01 earnings per share for the current fiscal year.

In other Tesla news, CAO Vaibhav Taneja sold 500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $815.00, for a total transaction of $407,500.00. Following the completion of the transaction, the chief accounting officer now owns 2,456 shares in the company, valued at approximately $2,001,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jerome M. Guillen sold 2,275 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $855.00, for a total transaction of $1,945,125.00. Following the transaction, the insider now owns 11,766 shares of the company’s stock, valued at approximately $10,059,930. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,725 shares of company stock valued at $4,575,306. 24.40% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of TSLA. Zeke Capital Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth $238,000. Huntington National Bank grew its stake in shares of Tesla by 49.8% during the 4th quarter. Huntington National Bank now owns 906 shares of the electric vehicle producer’s stock worth $379,000 after purchasing an additional 301 shares during the period. Capital Investment Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth $228,000. Sloy Dahl & Holst LLC acquired a new position in shares of Tesla during the 4th quarter worth $23,321,000. Finally, Strategic Wealth Management Group LLC acquired a new position in shares of Tesla during the 4th quarter worth $306,000. 52.08% of the stock is currently owned by institutional investors and hedge funds.

About Tesla

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.

Featured Story: Cash Flow

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.