Recent Analysts’ Ratings Updates for Stratasys (SSYS)

A number of research firms have changed their ratings and price targets for Stratasys (NASDAQ: SSYS):

• 7/1/2024 – Stratasys had its price target lowered by analysts at Craig Hallum from $16.00 to $14.00. They now have a “buy” rating on the stock.
• 6/30/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/22/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/14/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/6/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 5/30/2024 – Stratasys had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $23.00 price target on the stock.
• 5/30/2024 – Stratasys had its price target lowered by analysts at Needham & Company LLC from $16.00 to $12.00. They now have a “buy” rating on the stock.
• 5/29/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 5/21/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 5/13/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Stratasys Trading Up 3.3 %

Shares of SSYS traded up $0.28 during midday trading on Friday, reaching $8.88. 129,010 shares of the company were exchanged, compared to its average volume of 466,333. Stratasys Ltd. has a 1-year low of $8.02 and a 1-year high of $21.72. The company has a market cap of $618.58 million, a price-to-earnings ratio of -4.85 and a beta of 1.21. The stock has a 50-day moving average price of $9.04 and a 200-day moving average price of $11.26.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $144.05 million for the quarter, compared to the consensus estimate of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. Equities research analysts anticipate that Stratasys Ltd. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP boosted its position in shares of Stratasys by 366.7% in the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock valued at $60,690,000 after purchasing an additional 3,339,367 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Stratasys by 9.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock worth $24,192,000 after buying an additional 140,841 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Stratasys by 9.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,386,788 shares of the technology company’s stock worth $19,803,000 after acquiring an additional 119,922 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Stratasys by 0.3% in the 1st quarter. Douglas Lane & Associates LLC now owns 1,346,730 shares of the technology company’s stock valued at $15,649,000 after acquiring an additional 3,712 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in shares of Stratasys by 0.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,055,630 shares of the technology company’s stock valued at $12,266,000 after acquiring an additional 4,991 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

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.