Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYS) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,070,000 shares, a growth of 50.0% from the August 15th total of 1,380,000 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 562,600 shares, the short-interest ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

SSYS has been the topic of a number of analyst reports. Cantor Fitzgerald decreased their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. StockNews.com initiated coverage on Stratasys in a research report on Monday, September 2nd. They issued a “hold” rating for the company. Lake Street Capital dropped their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Craig Hallum decreased their price target on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Finally, Loop Capital dropped their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.80.

Stratasys Stock Down 0.1 %

Shares of SSYS stock traded down $0.01 on Friday, reaching $7.05. 549,996 shares of the stock were exchanged, compared to its average volume of 627,217. Stratasys has a 1-year low of $6.05 and a 1-year high of $14.93. The stock has a market cap of $491.10 million, a P/E ratio of -3.85 and a beta of 1.18. The firm has a 50 day moving average of $7.85 and a two-hundred day moving average of $9.25.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $138.00 million during the quarter, compared to analyst estimates of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The firm’s revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, equities research analysts predict that Stratasys will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rubric Capital Management LP increased its position in shares of Stratasys by 18.2% in the second 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 in the last quarter. Frontier Capital Management Co. LLC boosted its position in 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 worth $24,192,000 after purchasing an additional 140,841 shares during the period. Douglas Lane & Associates LLC increased its holdings in 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 purchasing an additional 3,712 shares in the last quarter. Clearline Capital LP purchased a new position in Stratasys in the second quarter valued at about $9,301,000. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Stratasys by 0.5% during the first quarter. Pinnacle Associates Ltd. now owns 1,055,630 shares of the technology company’s stock worth $12,266,000 after purchasing an additional 4,991 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.