BidaskClub upgraded shares of Tesla (NASDAQ:TSLA) from a hold rating to a buy rating in a research report report published on Friday.

Several other research firms have also recently weighed in on TSLA. Wolfe Research raised their target price on shares of Tesla from $410.00 to $430.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank of Canada set a $315.00 target price on shares of Tesla and gave the company a neutral rating in a research note on Tuesday, August 14th. Macquarie reissued a buy rating and issued a $430.00 target price on shares of Tesla in a research note on Thursday, November 8th. UBS Group reissued a sell rating and issued a $230.00 target price on shares of Tesla in a research note on Tuesday, November 20th. Finally, ValuEngine raised shares of Tesla from a buy rating to a strong-buy rating in a research note on Tuesday, November 20th. Twelve analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $320.85.

Shares of NASDAQ:TSLA traded down $5.10 during midday trading on Friday, hitting $357.97. The stock had a trading volume of 11,484,216 shares, compared to its average volume of 5,637,970. Tesla has a 12 month low of $244.59 and a 12 month high of $387.46. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $62.35 billion, a PE ratio of -31.18 and a beta of 0.59.

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

In other news, CFO Deepak Ahuja sold 3,500 shares of Tesla stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $343.46, for a total transaction of $1,202,110.00. Following the completion of the sale, the chief financial officer now owns 27,965 shares of the company’s stock, valued at $9,604,858.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jerome M. Guillen sold 1,000 shares of Tesla stock in a transaction on Monday, October 1st. The stock was sold at an average price of $306.00, for a total value of $306,000.00. Following the sale, the insider now directly owns 8,598 shares of the company’s stock, valued at approximately $2,630,988. The disclosure for this sale can be found here. Insiders have sold a total of 26,375 shares of company stock valued at $9,029,040 in the last ninety days. Insiders own 22.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Keystone Financial Group lifted its holdings in shares of Tesla by 6.5% during the third quarter. Keystone Financial Group now owns 2,405 shares of the electric vehicle producer’s stock worth $747,000 after buying an additional 147 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Tesla by 7.3% during the second quarter. Summit Trail Advisors LLC now owns 2,448 shares of the electric vehicle producer’s stock worth $840,000 after buying an additional 166 shares in the last quarter. Accredited Investors Inc. raised its stake in Tesla by 26.4% in the third quarter. Accredited Investors Inc. now owns 813 shares of the electric vehicle producer’s stock valued at $215,000 after purchasing an additional 170 shares in the last quarter. Essex Financial Services Inc. raised its stake in Tesla by 5.4% in the third quarter. Essex Financial Services Inc. now owns 3,740 shares of the electric vehicle producer’s stock valued at $990,000 after purchasing an additional 191 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in Tesla by 9.1% in the second quarter. Flagship Harbor Advisors LLC now owns 2,392 shares of the electric vehicle producer’s stock valued at $820,000 after purchasing an additional 199 shares in the last quarter. 59.50% of the stock is owned by institutional investors.

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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