Stratasys, Ltd. (NASDAQ:SSYS) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Stratasys, Ltd. (NASDAQ:SSYS) have received an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.33.

SSYS has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Zacks Research cut shares of Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th.

Institutional Investors Weigh In On Stratasys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Stratasys in the 1st quarter worth approximately $11,107,000. Rubric Capital Management LP increased its position in Stratasys by 9.0% during the 1st quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock valued at $62,480,000 after buying an additional 659,974 shares in the last quarter. State of Michigan Retirement System bought a new stake in Stratasys in the first quarter worth $3,905,000. Tidal Investments LLC increased its holdings in shares of Stratasys by 116.7% during the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock valued at $1,099,000 after acquiring an additional 69,115 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Stratasys during the 3rd quarter valued at about $941,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Down 1.8%

NASDAQ SSYS opened at $6.56 on Wednesday. The company has a 50-day simple moving average of $7.54 and a two-hundred day simple moving average of $8.55. Stratasys has a 12-month low of $6.07 and a 12-month high of $12.24. The firm has a market cap of $577.80 million, a price-to-earnings ratio of -4.90 and a beta of 1.83.

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

About Stratasys

Stratasys is a global provider of polymer 3D printing and additive manufacturing solutions. Its offerings include 3D printers, printing materials, software and related services for designing and producing prototypes, tools and end-use parts. The company serves customers across industries such as aerospace, automotive, healthcare, consumer products and education. Its technologies include Fused Deposition Modeling (FDM), PolyJet and stereolithography, supporting a range of applications from product development to manufacturing.