Morningstar set a $179.00 target price on Tesla (NASDAQ:TSLA) in a report released on Monday morning. The firm currently has a sell rating on the electric vehicle producer’s stock.

Other research analysts have also recently issued research reports about the stock. Guggenheim set a $430.00 price objective on shares of Tesla and gave the company a buy rating in a report on Tuesday, May 29th. Berenberg Bank set a $500.00 price target on shares of Tesla and gave the stock a buy rating in a report on Monday, May 21st. Zacks Investment Research upgraded shares of Tesla from a hold rating to a buy rating and set a $327.00 price target for the company in a report on Tuesday, June 5th. Robert W. Baird set a $411.00 price target on shares of Tesla and gave the stock a buy rating in a report on Thursday, June 7th. Finally, Piper Jaffray Companies set a $369.00 price target on shares of Tesla and gave the stock a buy rating in a report on Thursday, June 7th. Thirteen equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $312.71.

Shares of TSLA stock opened at $289.46 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.73 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $47.67 billion, a P/E ratio of -25.21 and a beta of 0.87. Tesla has a fifty-two week low of $244.59 and a fifty-two week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, August 1st. The electric vehicle producer reported ($3.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.61) by $0.55. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Tesla had a negative net margin of 19.89% and a negative return on equity of 50.84%. The business’s quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.33) earnings per share. research analysts predict that Tesla will post -10.77 EPS for the current year.

In other news, Director Kimbal Musk sold 1,875 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $358.26, for a total transaction of $671,737.50. Following the completion of the sale, the director now owns 150,208 shares in the company, valued at approximately $53,813,518.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 22.80% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of TSLA. Jennison Associates LLC lifted its position in shares of Tesla by 33.6% during the 2nd quarter. Jennison Associates LLC now owns 4,332,187 shares of the electric vehicle producer’s stock worth $1,485,724,000 after buying an additional 1,089,377 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Tesla by 74,343.1% during the 1st quarter. Summit Trail Advisors LLC now owns 583,634 shares of the electric vehicle producer’s stock worth $584,000 after buying an additional 582,850 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Tesla by 3.1% during the 2nd quarter. Baillie Gifford & Co. now owns 13,171,801 shares of the electric vehicle producer’s stock worth $4,517,269,000 after buying an additional 395,727 shares during the last quarter. Soma Equity Partners LP purchased a new stake in shares of Tesla during the 1st quarter worth approximately $45,242,000. Finally, SG Americas Securities LLC lifted its position in shares of Tesla by 239.9% during the 2nd quarter. SG Americas Securities LLC now owns 190,942 shares of the electric vehicle producer’s stock worth $65,484,000 after buying an additional 134,759 shares during the last quarter. Institutional investors and hedge funds own 56.26% 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, 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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