Analysts’ Weekly Ratings Updates for Stratasys (SSYS)

Several analysts have recently updated their ratings and price targets for Stratasys (NASDAQ: SSYS):

• 9/5/2024 – Stratasys had its price target lowered by analysts at Loop Capital from $9.00 to $7.00. They now have a “hold” rating on the stock.
• 9/2/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/30/2024 – Stratasys had its price target lowered by analysts at Cantor Fitzgerald from $23.00 to $12.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Stratasys had its price target lowered by analysts at Lake Street Capital from $15.00 to $11.00. They now have a “buy” rating on the stock.
• 8/30/2024 – Stratasys had its price target lowered by analysts at Needham & Company LLC from $12.00 to $10.00. They now have a “buy” rating on the stock.
• 8/25/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 8/17/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 8/9/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 8/1/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 7/24/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 7/16/2024 – Stratasys is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Stratasys Trading Down 1.4 %

NASDAQ SSYS traded down $0.09 on Wednesday, hitting $6.31. 125,351 shares of the company were exchanged, compared to its average volume of 482,262. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $14.93. The firm has a 50 day moving average of $7.96 and a two-hundred day moving average of $9.37. The company has a market cap of $439.55 million, a P/E ratio of -3.45 and a beta of 1.18.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. Research analysts anticipate that Stratasys Ltd. will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SSYS. Rubric Capital Management LP raised its stake in shares of Stratasys by 366.7% during the fourth quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock worth $60,690,000 after buying an additional 3,339,367 shares during the last quarter. Clearline Capital LP acquired a new position in shares of Stratasys in the 2nd quarter valued at $9,301,000. Norges Bank bought a new position in shares of Stratasys in the 4th quarter worth $6,706,000. Frontier Capital Management Co. LLC grew its stake in shares of Stratasys by 9.1% during 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 purchasing an additional 140,841 shares during the period. Finally, State of Michigan Retirement System increased its holdings in Stratasys by 17.2% in the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock valued at $6,859,000 after purchasing an additional 120,000 shares during 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.