StockNews.com Begins Coverage on Stratasys (NASDAQ:SSYS)

StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a research report report published on Sunday morning. The brokerage issued a buy rating on the technology company’s stock.

Several other analysts have also recently issued reports on SSYS. Cantor Fitzgerald reaffirmed an overweight rating and set a $23.00 price objective on shares of Stratasys in a research note on Thursday, May 30th. Needham & Company LLC dropped their price objective on shares of Stratasys from $16.00 to $12.00 and set a buy rating for the company in a research note on Thursday, May 30th.

Stratasys Stock Up 3.2 %

SSYS stock opened at $8.60 on Friday. The stock has a market capitalization of $599.08 million, a P/E ratio of -4.70 and a beta of 1.21. The firm has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $11.28. Stratasys has a 52 week low of $8.02 and a 52 week high of $21.72.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $144.05 million during the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. On average, analysts expect that Stratasys will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of SSYS. RIA Advisory Group LLC acquired a new position in Stratasys in the 4th quarter valued at about $33,000. Crewe Advisors LLC acquired a new position in Stratasys in the 1st quarter valued at about $61,000. Larson Financial Group LLC boosted its holdings in Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock valued at $111,000 after purchasing an additional 9,218 shares during the last quarter. Values First Advisors Inc. boosted its holdings in Stratasys by 4.4% in the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock valued at $281,000 after purchasing an additional 828 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its holdings in Stratasys by 21.1% in the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock valued at $303,000 after purchasing an additional 3,705 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.