Stratasys (NASDAQ:SSYS) PT Lowered to $14.00

Stratasys (NASDAQ:SSYS) had its price target reduced by Craig Hallum from $16.00 to $14.00 in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts also recently issued reports on the stock. StockNews.com assumed coverage on shares of Stratasys in a research report on Sunday, June 30th. They set a buy rating on the stock. Cantor Fitzgerald restated an overweight rating and set a $23.00 target price on shares of Stratasys in a report on Thursday, May 30th. Finally, Needham & Company LLC dropped their target price on shares of Stratasys from $16.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 30th.

Stratasys Trading Up 3.2 %

Shares of Stratasys stock opened at $8.60 on Monday. The company’s fifty day simple moving average is $9.04 and its two-hundred day simple moving average is $11.26. The company has a market cap of $599.04 million, a P/E ratio of -4.70 and a beta of 1.21. Stratasys has a 12-month low of $8.02 and a 12-month high of $21.72.

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

Institutional Trading of Stratasys

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Stratasys in the 4th quarter worth about $6,706,000. TSP Capital Management Group LLC boosted its stake in Stratasys by 71.2% in the 4th quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock worth $6,089,000 after purchasing an additional 177,350 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Stratasys by 10.8% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after purchasing an additional 100,000 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Stratasys by 49.0% in the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock worth $467,000 after purchasing an additional 10,747 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in Stratasys by 10.5% in the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after purchasing an additional 127,330 shares in the last quarter. Institutional investors own 75.77% of the company’s stock.

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.