Stratasys (NASDAQ:SSYS) Earns Buy Rating from Analysts at StockNews.com

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

A number of other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald reissued an overweight rating and set a $23.00 target price on shares of Stratasys in a report on Thursday, May 30th. Craig Hallum lowered their target price on shares of Stratasys from $16.00 to $14.00 and set a buy rating on the stock in a report on Monday, July 1st. Finally, Needham & Company LLC lowered 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 3.5 %

NASDAQ:SSYS opened at $7.78 on Friday. The stock has a market capitalization of $541.95 million, a PE ratio of -4.25 and a beta of 1.21. The firm’s 50 day moving average is $8.37 and its 200 day moving average is $10.04. Stratasys has a 12 month low of $7.04 and a 12 month high of $15.03.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The company had revenue of $144.05 million for 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%. Research analysts predict that Stratasys will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SSYS. RIA Advisory Group LLC purchased a new position in shares of Stratasys during the 4th quarter valued at $33,000. Crewe Advisors LLC purchased a new position in shares of Stratasys during the 1st quarter valued at $61,000. Larson Financial Group LLC grew its position in Stratasys by 2,711.2% in the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after acquiring an additional 9,218 shares in the last quarter. Values First Advisors Inc. grew its position in Stratasys by 51.3% in the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after acquiring an additional 11,254 shares in the last quarter. Finally, Formidable Asset Management LLC grew its position in Stratasys by 21.1% in the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after acquiring an additional 3,705 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.