Barclays PLC reissued their underweight rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research note published on Wednesday, MarketBeat.com reports. They currently have a $210.00 price objective on the electric vehicle producer’s stock, up from their prior price objective of $165.00.

A number of other analysts have also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reissued a sell rating and issued a $180.00 price objective (down from $190.00) on shares of Tesla in a research note on Wednesday, July 5th. Citigroup Inc. initiated coverage on shares of Tesla in a research note on Thursday, July 20th. They issued a neutral rating and a $357.00 price objective for the company. Robert W. Baird reissued an outperform rating and issued a $368.00 price objective on shares of Tesla in a research note on Wednesday, July 5th. Vetr raised shares of Tesla from a buy rating to a strong-buy rating and set a $361.76 price objective for the company in a research note on Monday, July 10th. Finally, Royal Bank Of Canada reissued a market perform rating and issued a $314.00 price objective on shares of Tesla in a research note on Saturday, June 3rd. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $315.31.

Tesla (NASDAQ:TSLA) traded up 0.57% on Wednesday, reaching $379.81. 5,420,496 shares of the company were exchanged. The firm’s market capitalization is $63.39 billion. Tesla has a 12-month low of $178.19 and a 12-month high of $386.99. The firm has a 50-day moving average of $352.07 and a 200 day moving average of $323.07.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned ($1.06) earnings per share. The company’s quarterly revenue was up 119.6% on a year-over-year basis. On average, equities analysts predict that Tesla will post ($6.26) earnings per share for the current year.

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In other news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the transaction, the director now directly owns 160,274 shares in the company, valued at $51,505,652.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the transaction, the director now owns 36,111 shares in the company, valued at $12,290,739.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,946 shares of company stock worth $18,481,047. Insiders own 23.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC grew its position in Tesla by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock valued at $309,000 after buying an additional 4 shares during the last quarter. North Star Investment Management Corp. grew its position in Tesla by 2.8% in the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares during the last quarter. Cornerstone Advisors Inc. grew its position in Tesla by 2.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock valued at $145,000 after buying an additional 9 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in Tesla by 2.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock valued at $308,000 after buying an additional 18 shares during the last quarter. Finally, Gemmer Asset Management LLC grew its position in Tesla by 2.6% in the 2nd quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock valued at $282,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.

About Tesla

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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