Tesla Inc (NASDAQ:TSLA)‘s stock had its “market perform” rating reiterated by research analysts at Oppenheimer Holdings Inc. in a report released on Friday.

Several other equities analysts have also recently issued reports on TSLA. Goldman Sachs Group Inc restated a “sell” rating and set a $187.00 price objective (up from $185.00) on shares of Tesla in a research note on Friday, March 17th. Vetr cut Tesla from a “sell” rating to a “strong sell” rating and set a $231.01 price objective on the stock. in a research note on Monday, March 27th. Cowen and Company restated an “underperform” rating and set a $155.00 price objective on shares of Tesla in a research note on Monday, May 1st. Morgan Stanley restated an “overweight” rating and set a $305.00 price objective on shares of Tesla in a research note on Wednesday, March 8th. Finally, Bank of America Corp reduced their price objective on Tesla from $170.00 to $165.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 26th. Eight research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $274.06.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Shares of Tesla (NASDAQ:TSLA) traded up 2.62% during mid-day trading on Friday, hitting $325.14. 7,802,199 shares of the stock traded hands. The stock’s market cap is $53.41 billion. Tesla has a one year low of $178.19 and a one year high of $327.66. The stock has a 50-day moving average of $310.91 and a 200 day moving average of $253.96. Tesla also saw some unusual options trading on Friday. Stock traders bought 104,590 put options on the stock. This represents an increase of 127% compared to the typical volume of 46,176 put options.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by $1.30. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. Equities analysts predict that Tesla will post ($5.80) EPS for the current fiscal year.

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In other Tesla news, Director Kimbal Musk sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $315.67, for a total transaction of $789,175.00. Following the completion of the sale, the director now directly owns 168,355 shares in the company, valued at approximately $53,144,622.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John Douglas Field sold 500 shares of the firm’s stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $301.45, for a total value of $150,725.00. The disclosure for this sale can be found here. Insiders have sold a total of 242,791 shares of company stock valued at $74,745,344 over the last 90 days. Corporate insiders own 27.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its stake in shares of Tesla by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 62 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Tesla by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 237 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of Tesla during the first quarter worth approximately $101,000. Independent Advisor Alliance acquired a new stake in shares of Tesla during the fourth quarter worth approximately $102,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Tesla during the fourth quarter worth approximately $104,000. Hedge funds and other institutional investors own 57.29% of the company’s stock.

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.

12 Month Chart for NASDAQ:TSLA

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