Jefferies Financial Group upgraded shares of Tesla (NASDAQ:TSLA) from a hold rating to a buy rating in a research note released on Friday, Marketbeat Ratings reports. The firm currently has $450.00 price target on the electric vehicle producer’s stock, up from their previous price target of $360.00.

A number of other analysts have also recently issued reports on TSLA. BidaskClub raised Tesla from a hold rating to a buy rating in a report on Friday. Royal Bank of Canada set a $315.00 price objective on Tesla and gave the stock a neutral rating in a report on Monday, August 27th. Wolfe Research increased their price objective on Tesla from $410.00 to $430.00 and gave the stock an outperform rating in a report on Thursday. FIX reissued a positive rating and set a $418.00 price objective on shares of Tesla in a report on Thursday, October 25th. Finally, Morningstar set a $179.00 price objective on Tesla and gave the stock a neutral rating in a report on Monday, August 20th. Twelve equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Tesla has an average rating of Hold and a consensus target price of $320.85.

Shares of TSLA stock traded down $5.10 on Friday, hitting $357.97. 11,484,216 shares of the stock were exchanged, compared to its average volume of 5,637,970. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.81. The company has a market capitalization of $62.35 billion, a price-to-earnings ratio of -31.18 and a beta of 0.59. Tesla has a one year low of $244.59 and a one year high of $387.46.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, topping the consensus estimate of ($1.77) by $4.67. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. Equities analysts predict that Tesla will post -5.09 EPS for the current year.

In related news, Director Kimbal Musk sold 1,875 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $306.00, for a total transaction of $573,750.00. Following the transaction, the director now directly owns 150,208 shares in the company, valued at approximately $45,963,648. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Elon Musk purchased 29,844 shares of Tesla stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average price of $334.98 per share, for a total transaction of $9,997,143.12. The disclosure for this purchase can be found here. Insiders have sold a total of 26,375 shares of company stock worth $9,029,040 over the last quarter. Corporate insiders own 22.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Honkamp Krueger Financial Services Inc. bought a new position in Tesla during the 3rd quarter worth approximately $122,000. Belpointe Asset Management LLC bought a new position in Tesla during the 3rd quarter worth approximately $131,000. Destination Wealth Management grew its position in Tesla by 156.0% during the 3rd quarter. Destination Wealth Management now owns 512 shares of the electric vehicle producer’s stock worth $136,000 after acquiring an additional 312 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in Tesla by 120.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the electric vehicle producer’s stock worth $146,000 after acquiring an additional 300 shares during the last quarter. Finally, Proffitt & Goodson Inc. bought a new position in Tesla during the 3rd quarter worth approximately $147,000. Institutional investors and hedge funds own 59.50% of the company’s stock.

Tesla Company Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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