Tesla (NASDAQ:TSLA) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $331.97 price objective on the electric vehicle producer’s stock. Vetr‘s price objective points to a potential downside of 2.18% from the company’s current price.

A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research note on Thursday, January 4th. Nomura reaffirmed a “buy” rating and set a $500.00 price objective on shares of Tesla in a research note on Thursday, January 4th. Barclays reaffirmed a “sell” rating and set a $210.00 price objective on shares of Tesla in a research note on Thursday, January 4th. Finally, Bank of America set a $155.00 price objective on shares of Tesla and gave the company a “sell” rating in a research note on Wednesday, January 3rd. Eleven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $329.48.

Tesla (TSLA) traded up $4.58 during mid-day trading on Tuesday, hitting $339.38. 1,508,622 shares of the stock were exchanged, compared to its average volume of 6,389,257. The stock has a market capitalization of $57,060.00, a PE ratio of -39.65 and a beta of 0.94. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla has a twelve month low of $225.58 and a twelve month high of $389.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. equities research analysts expect that Tesla will post -11.38 earnings per share for the current year.

In other news, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total value of $723,335.10. Following the completion of the sale, the director now owns 154,419 shares of the company’s stock, valued at approximately $51,003,051.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the sale, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. In the last three months, insiders sold 14,692 shares of company stock valued at $4,692,003. Corporate insiders own 23.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Harfst & Associates Inc. grew its stake in shares of Tesla by 4.9% in the 2nd quarter. Harfst & Associates Inc. now owns 984 shares of the electric vehicle producer’s stock valued at $355,000 after buying an additional 46 shares during the period. Rikoon Group LLC lifted its holdings in shares of Tesla by 7.8% in the 2nd quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock worth $249,000 after acquiring an additional 50 shares during the last quarter. Linscomb & Williams Inc. lifted its holdings in shares of Tesla by 1.4% in the 2nd quarter. Linscomb & Williams Inc. now owns 6,630 shares of the electric vehicle producer’s stock worth $2,397,000 after acquiring an additional 90 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Tesla by 21.6% in the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after acquiring an additional 95 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Tesla by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 4,718 shares of the electric vehicle producer’s stock worth $1,706,000 after acquiring an additional 106 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

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Tesla Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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