Stratasys, Ltd. (NASDAQ:SSYS) has been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.83.
SSYS has been the topic of several recent analyst reports. Piper Jaffray Companies upgraded shares of Stratasys from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $21.00 to $28.00 in a research note on Monday, April 17th. Standpoint Research lowered shares of Stratasys from a “buy” rating to a “reduce” rating in a research note on Monday, April 24th. FBR & Co restated a “buy” rating on shares of Stratasys in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd.
A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares in the last quarter. Penserra Capital Management LLC increased its stake in Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Stratasys during the second quarter worth about $184,000. SG Americas Securities LLC increased its stake in Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Stratasys during the second quarter worth about $200,000. 66.46% of the stock is owned by hedge funds and other institutional investors.
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Stratasys (SSYS) traded down 0.89% during midday trading on Tuesday, reaching $22.39. 1,426,552 shares of the company’s stock were exchanged. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88. The firm has a 50-day moving average price of $24.50 and a 200 day moving average price of $23.25. The company’s market cap is $1.18 billion.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $163.20 million for the quarter, compared to analyst estimates of $162.38 million. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. Stratasys’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. Analysts anticipate that Stratasys will post $0.28 EPS for the current year.
Stratasys Company Profile
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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