Stratasys (NASDAQ:SSYS) Rating Lowered to Hold at Zacks Research

Stratasys (NASDAQ:SSYS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Stratasys presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Stratasys Stock Performance

Shares of NASDAQ:SSYS opened at $7.92 on Tuesday. The business’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.77. The stock has a market cap of $682.47 million, a PE ratio of -5.91 and a beta of 1.94. Stratasys has a one year low of $7.34 and a one year high of $12.81.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%.The company had revenue of $137.61 million during the quarter. As a group, equities research analysts predict that Stratasys will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Stratasys in the 4th quarter worth about $26,000. Parallel Advisors LLC lifted its stake in shares of 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 in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Stratasys during the 3rd quarter worth about $34,000. Raymond James Financial Inc. purchased a new stake in shares of Stratasys during the 2nd quarter worth about $35,000. Finally, NFSG Corp acquired a new stake in Stratasys during the 1st quarter worth approximately $45,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

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.