Stratasys (NASDAQ:SSYS) Now Covered by StockNews.com

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

Several other brokerages have also commented on SSYS. Cantor Fitzgerald reiterated an overweight rating and set a $23.00 price objective on shares of Stratasys in a report on Thursday, May 30th. Needham & Company LLC reduced their target price on Stratasys from $16.00 to $12.00 and set a buy rating for the company in a research note on Thursday, May 30th. Finally, Craig Hallum reduced their target price on Stratasys from $16.00 to $14.00 and set a buy rating for the company in a research note on Monday, July 1st.

Stratasys Trading Down 0.4 %

Shares of SSYS opened at $7.68 on Friday. Stratasys has a 12 month low of $7.04 and a 12 month high of $15.03. The stock has a fifty day moving average price of $8.26 and a 200-day moving average price of $9.79. The firm has a market cap of $534.99 million, a PE ratio of -4.20 and a beta of 1.21.

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

Hedge Funds Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP raised its stake in Stratasys by 18.2% in the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after acquiring an additional 918,703 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Stratasys by 9.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock valued at $24,192,000 after buying an additional 140,841 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in shares of Stratasys by 0.3% during 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 buying an additional 3,712 shares during the last quarter. Clearline Capital LP purchased a new position in shares of Stratasys during the 2nd quarter valued at about $9,301,000. Finally, Pinnacle Associates Ltd. raised its stake in shares of Stratasys by 0.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,055,630 shares of the technology company’s stock valued at $12,266,000 after buying an additional 4,991 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

About Stratasys

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.