Brokerages Set Stratasys Ltd. (NASDAQ:SSYS) Target Price at $10.80

Stratasys Ltd. (NASDAQ:SSYS) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.80.

SSYS has been the subject of a number of research reports. Needham & Company LLC dropped their target price on shares of Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Lake Street Capital reduced their price target on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Loop Capital dropped their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald dropped their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, StockNews.com assumed coverage on shares of Stratasys in a report on Monday, September 2nd. They set a “hold” rating on the stock.

Stratasys Trading Up 1.0 %

Shares of SSYS stock opened at $7.79 on Monday. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93. The stock has a market cap of $556.05 million, a P/E ratio of -4.26 and a beta of 1.19. The company has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $8.79.

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

Institutional Trading of Stratasys

A number of institutional investors have recently bought and sold shares of the stock. Clearline Capital LP purchased a new position in Stratasys during the 2nd quarter worth approximately $9,301,000. Gabelli Funds LLC increased its holdings in Stratasys by 9.0% in the 2nd quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company’s stock worth $1,620,000 after acquiring an additional 16,000 shares in the last quarter. Rubric Capital Management LP boosted its stake in Stratasys by 18.2% during the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the last quarter. RPG Investment Advisory LLC boosted its stake in Stratasys by 6.1% during the 2nd quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company’s stock worth $4,271,000 after purchasing an additional 29,177 shares during the last quarter. Finally, Trium Capital LLP boosted its position in shares of Stratasys by 5.6% during the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 8,052 shares during the last quarter. 75.77% of the stock is currently 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.