Stratasys Ltd. (NASDAQ:SSYS) Receives Average Recommendation of “Moderate Buy” from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.20.

Several analysts recently issued reports on SSYS shares. Cantor Fitzgerald boosted their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Needham & Company LLC boosted their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Wall Street Zen upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a report on Thursday, May 15th.

Stratasys Stock Down 1.8%

NASDAQ SSYS opened at $10.20 on Friday. Stratasys has a 52 week low of $6.05 and a 52 week high of $12.88. The business’s fifty day simple moving average is $10.03 and its 200-day simple moving average is $10.03. The firm has a market cap of $731.50 million, a PE ratio of -7.73 and a beta of 1.52.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $136.05 million for the quarter, compared to analyst estimates of $134.11 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Research analysts expect that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in Stratasys by 26.0% in the fourth quarter. Northern Trust Corp now owns 44,466 shares of the technology company’s stock valued at $395,000 after purchasing an additional 9,168 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Stratasys by 46.6% in the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company’s stock valued at $1,690,000 after purchasing an additional 60,407 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares in the last quarter. RPG Investment Advisory LLC boosted its holdings in Stratasys by 64.6% in the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock valued at $9,658,000 after purchasing an additional 426,341 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Stratasys by 8.4% in the fourth quarter. Millennium Management LLC now owns 90,715 shares of the technology company’s stock valued at $806,000 after purchasing an additional 7,066 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.