Tesla Inc (NASDAQ:TSLA) has earned an average rating of “Hold” from the forty analysts that are presently covering the stock, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $300.73.

A number of research analysts have issued reports on the stock. Barclays set a $192.00 target price on shares of Tesla and gave the company a “sell” rating in a research report on Tuesday. BidaskClub upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Bank of America assumed coverage on shares of Tesla in a research report on Monday, May 6th. They set an “underperform” rating and a $225.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Tesla from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Monday, May 6th. Finally, Nomura set a $300.00 target price on shares of Tesla and gave the company a “hold” rating in a research report on Friday, May 3rd.

Shares of NASDAQ TSLA opened at $232.31 on Friday. The stock has a market cap of $39.44 billion, a P/E ratio of -40.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83. Tesla has a 12-month low of $224.50 and a 12-month high of $387.46.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.51) by ($1.59). Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the company posted ($3.35) earnings per share. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, sell-side analysts forecast that Tesla will post -4.64 earnings per share for the current fiscal year.

In other Tesla news, CEO Elon Musk bought 102,880 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $243.00 per share, with a total value of $24,999,840.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Antonio J. Gracias sold 16,780 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $306.01, for a total value of $5,134,847.80. Following the sale, the director now directly owns 19,572 shares of the company’s stock, valued at $5,989,227.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,340 shares of company stock valued at $26,907,754. 22.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. National Pension Service grew its stake in shares of Tesla by 4.0% during the 1st quarter. National Pension Service now owns 137,166 shares of the electric vehicle producer’s stock worth $38,387,000 after acquiring an additional 5,245 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Tesla by 4.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 24,624 shares of the electric vehicle producer’s stock worth $6,891,000 after acquiring an additional 992 shares in the last quarter. Tobam grew its stake in shares of Tesla by 6.9% during the 1st quarter. Tobam now owns 107,860 shares of the electric vehicle producer’s stock worth $30,186,000 after acquiring an additional 6,959 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Tesla by 0.5% during the 1st quarter. Voya Investment Management LLC now owns 16,572 shares of the electric vehicle producer’s stock worth $4,638,000 after acquiring an additional 81 shares in the last quarter. Finally, united american securities inc. d b a uas asset management grew its stake in shares of Tesla by 117.6% during the 1st quarter. united american securities inc. d b a uas asset management now owns 1,708 shares of the electric vehicle producer’s stock worth $478,000 after acquiring an additional 923 shares in the last quarter. 59.71% of the stock is 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.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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