Stratasys, Ltd. (NASDAQ:SSYS) Stock Has Average Target Price of $12.33

Stratasys, Ltd. (NASDAQ:SSYS) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.33.

A number of brokerages recently weighed in on SSYS. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th. Zacks Research downgraded shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th.

Stratasys Trading Down 0.4%

Shares of NASDAQ:SSYS opened at $6.80 on Friday. Stratasys has a 1 year low of $6.68 and a 1 year high of $12.28. The business’s 50 day moving average price is $7.84 and its 200-day moving average price is $8.37.

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

Institutional Investors Weigh In On Stratasys

Hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Stratasys during the second quarter worth about $27,000. Parallel Advisors LLC raised its position in Stratasys by 1,071.4% during the first quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after acquiring an additional 3,482 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Stratasys by 860.9% in the third quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company’s stock valued at $30,000 after purchasing an additional 3,194 shares in the last quarter. NFSG Corp purchased a new stake in shares of Stratasys in the first quarter valued at about $45,000. Finally, Inceptionr LLC acquired a new position in shares of Stratasys in the first quarter worth $100,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

About Stratasys

Stratasys Ltd. (NASDAQ: SSYS) is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company’s portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.