Stratasys (NASDAQ:SSYS) Shares Gap Up to $7.05

Stratasys Ltd. (NASDAQ:SSYS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $7.05, but opened at $7.43. Stratasys shares last traded at $7.57, with a volume of 190,503 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Lake Street Capital lowered their target price on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Needham & Company LLC reduced their target price on Stratasys from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Loop Capital decreased their price target on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Craig Hallum lowered 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. Finally, Cantor Fitzgerald dropped their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Stratasys presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.80.

Stratasys Trading Up 0.8 %

The stock has a market cap of $521.03 million, a PE ratio of -4.09 and a beta of 1.18. The business has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $9.18.

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 analysts’ consensus estimates of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $146.38 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, research analysts predict that Stratasys Ltd. will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Stratasys during the fourth quarter valued at $6,706,000. Rubric Capital Management LP grew its holdings 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 valued at $60,690,000 after buying an additional 3,339,367 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Stratasys by 38.3% during the fourth quarter. Gabelli Funds LLC now owns 165,947 shares of the technology company’s stock valued at $2,370,000 after acquiring an additional 45,957 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in Stratasys by 9.1% in 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 acquiring an additional 140,841 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Stratasys by 87.2% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 104,104 shares of the technology company’s stock valued at $1,487,000 after acquiring an additional 48,504 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.