Stratasys Ltd. (NASDAQ:SSYS) Sees Large Decline in Short Interest

Stratasys Ltd. (NASDAQ:SSYS) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 599,200 shares, a decrease of 23.6% from the February 13th total of 784,300 shares. Based on an average daily volume of 671,200 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in Stratasys in the 4th quarter valued at approximately $68,000. Teton Advisors Inc. bought a new position in Stratasys in the 4th quarter valued at approximately $89,000. Quantbot Technologies LP bought a new position in Stratasys in the 3rd quarter valued at approximately $90,000. SBI Securities Co. Ltd. bought a new position in Stratasys in the 4th quarter valued at approximately $90,000. Finally, Hsbc Holdings PLC raised its holdings in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after buying an additional 1,564 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald upped their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Stratasys Trading Down 0.7 %

SSYS stock opened at $10.16 on Wednesday. The stock has a market capitalization of $728.63 million, a P/E ratio of -7.70 and a beta of 1.28. Stratasys has a 12 month low of $6.05 and a 12 month high of $12.88. The firm has a 50-day moving average price of $10.37 and a 200-day moving average price of $9.05.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $151.01 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. As a group, equities analysts predict that Stratasys will post -0.4 EPS for the current fiscal year.

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.