Stratasys (NASDAQ:SSYS) Shares Gap Down – Time to Sell?

Stratasys, Ltd. (NASDAQ:SSYS) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.84, but opened at $8.27. Stratasys shares last traded at $9.1890, with a volume of 194,426 shares.

Key Stratasys News

Here are the key news stories impacting Stratasys this week:

• Positive Sentiment: Stratasys reported adjusted earnings of $0.03 per share, exceeding the $0.01 analyst consensus and matching the year-ago result. Stratasys Surpasses Q2 Earnings Estimates
• Positive Sentiment: Record consumables revenue and growth in aerospace and defense helped offset softer equipment demand, reinforcing management’s focus on recurring, manufacturing-related revenue. Stratasys Q2 Earnings Beat, Revenues Miss on Weak System Sales
• Positive Sentiment: Full-year adjusted EPS guidance of $0.09-$0.14 is above the $0.06 consensus estimate. The Markforged acquisition is also expected to expand Stratasys’ aerospace and defense capabilities, although execution remains important. SSYS Q2 Deep Dive
• Neutral Sentiment: Management reaffirmed its full-year revenue outlook of $565 million-$575 million, broadly consistent with analyst expectations, but maintained a cautious tone regarding the pace of system-sales recovery. Stratasys Reports Mixed Q2 Results
• Negative Sentiment: Second-quarter revenue of $137.6 million fell short of the $138.5 million consensus and declined 0.4% year over year. Weak system sales and foreign-exchange pressure were the main contributors. Stratasys Reports Sales Below Estimates
• Negative Sentiment: Stratasys lowered its full-year operating cash-flow outlook, adding pressure to a company that remains unprofitable, with a reported net margin of negative 21%. Stratasys Posts Q2 Results

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SSYS shares. Zacks Research raised shares of Stratasys from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.33.

Stratasys Trading Up 0.3%

The business has a fifty day moving average price of $8.47 and a two-hundred day moving average price of $8.94. The firm has a market capitalization of $775.53 million, a PE ratio of -6.72 and a beta of 1.94.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.76%. The firm had revenue of $137.61 million for the quarter. On average, equities analysts forecast that Stratasys, Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new position in shares of Stratasys in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in Stratasys in the 4th quarter valued at approximately $26,000. Parallel Advisors LLC increased its holdings in Stratasys by 1,071.4% in the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock valued at $30,000 after purchasing an additional 3,482 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Stratasys in the third quarter valued at approximately $34,000. Finally, Raymond James Financial Inc. acquired a new position in Stratasys during the second quarter worth $35,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Company Profile

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.