Tesla Inc. (NASDAQ:TSLA) has earned an average rating of “Hold” from the thirty-nine analysts that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $327.29.

A number of research analysts recently weighed in on TSLA shares. Vetr upgraded shares of Tesla from a “buy” rating to a “strong-buy” rating and set a $374.78 price objective for the company in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $180.00 price objective (down from $190.00) on shares of Tesla in a research note on Monday, July 31st. Sanford C. Bernstein set a $265.00 price objective on shares of Tesla and gave the company a “neutral” rating in a research note on Thursday, July 27th. Robert W. Baird reiterated an “outperform” rating and issued a $368.00 price objective on shares of Tesla in a research note on Thursday, August 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $430.00 price objective (up from $380.00) on shares of Tesla in a research note on Wednesday, July 5th.

Shares of Tesla (NASDAQ:TSLA) opened at 354.60 on Thursday. Tesla has a 52 week low of $178.19 and a 52 week high of $389.61. The company has a 50 day moving average price of $354.94 and a 200 day moving average price of $336.66. The company’s market capitalization is $59.18 billion.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business earned ($1.06) EPS. Tesla’s revenue was up 119.6% compared to the same quarter last year. On average, equities research analysts expect that Tesla will post ($6.41) earnings per share for the current year.

In related news, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total transaction of $703,778.40. Following the sale, the director now directly owns 160,274 shares in the company, valued at approximately $51,505,652.64. The disclosure for this sale can be found here. Insiders have sold 51,446 shares of company stock worth $17,504,929 in the last quarter. 23.10% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC boosted its stake in Tesla by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock worth $309,000 after acquiring an additional 4 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after acquiring an additional 9 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in Tesla by 2.3% during the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after acquiring an additional 9 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its stake in Tesla by 2.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock worth $308,000 after acquiring an additional 18 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in Tesla by 2.6% during the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock worth $282,000 after acquiring an additional 20 shares in the last quarter. 56.63% of the stock is currently 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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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