Cowen reaffirmed their underperform rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Tuesday, The Fly reports. They currently have a $160.00 price target on the electric vehicle producer’s stock, down from their previous price target of $170.00.

Several other brokerages have also commented on TSLA. Goldman Sachs Group reaffirmed a sell rating and issued a $210.00 price target on shares of Tesla in a research note on Friday, March 1st. Sanford C. Bernstein reaffirmed a neutral rating and issued a $325.00 price target on shares of Tesla in a research note on Friday, March 29th. JMP Securities decreased their price target on Tesla from $406.00 to $394.00 and set an outperform rating on the stock in a research note on Monday, March 25th. Barclays reaffirmed a sell rating and issued a $192.00 price target on shares of Tesla in a research note on Tuesday, March 19th. Finally, Oppenheimer upped their price target on Tesla from $418.00 to $437.00 and gave the company an outperform rating in a research note on Thursday, January 31st. Sixteen analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $313.38.

NASDAQ TSLA opened at $263.90 on Tuesday. Tesla has a fifty-two week low of $247.77 and a fifty-two week high of $387.46. The firm has a market cap of $47.20 billion, a price-to-earnings ratio of -46.14 and a beta of 0.35. The company has a current ratio of 0.83, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.93. Tesla had a negative return on equity of 18.50% and a negative net margin of 4.55%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the prior year, the company posted ($3.04) EPS. The company’s quarterly revenue was up 119.8% on a year-over-year basis. Equities analysts anticipate that Tesla will post -2.01 EPS for the current year.

In other Tesla news, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $306.01, for a total transaction of $5,134,847.80. Following the sale, the director now owns 19,572 shares in the company, valued at approximately $5,989,227.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Johnson Rice sold 1,700 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $320.00, for a total value of $544,000.00. Following the sale, the director now owns 1,700 shares in the company, valued at approximately $544,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,040 shares of company stock worth $28,575,874. 22.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TSLA. Alpha Windward LLC purchased a new stake in Tesla during the 4th quarter worth about $26,000. Sontag Advisory LLC purchased a new stake in Tesla during the 4th quarter worth about $26,000. Gradient Investments LLC increased its holdings in Tesla by 1,660.0% during the 4th quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after purchasing an additional 83 shares during the period. Intercontinental Wealth Advisors LLC purchased a new stake in Tesla during the 4th quarter worth about $30,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Tesla during the 4th quarter worth about $32,000. Institutional investors own 59.50% of the company’s stock.

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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