Stratasys (NASDAQ:SSYS) Price Target Cut to $9.50 by Analysts at Needham & Company LLC

Stratasys (NASDAQ:SSYS – Free Report) had its price target lowered by Needham & Company LLC from $11.50 to $9.50 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other research analysts have also commented on SSYS. Zacks Research lowered Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Check Out Our Latest Report on Stratasys

Stratasys Trading Down 11.2%

Shares of SSYS stock opened at $5.81 on Thursday. The company’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $8.50. Stratasys has a 52 week low of $5.80 and a 52 week high of $12.24. The company has a market cap of $511.76 million, a PE ratio of -4.34 and a beta of 1.83.

Stratasys (NASDAQ:SSYS – Get Free Report) last posted its earnings results on Thursday, November 12th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. The business had revenue of $142.64 million for the quarter, compared to analyst estimates of $141.91 million. During the same quarter in the previous year, the business posted $0.02 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Stratasys has set its FY 2026 guidance at 0.100-0.120 EPS. Equities research analysts expect that Stratasys will post -0.19 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of hedge funds and other institutional investors have recently modified their holdings of SSYS. ACT Capital Partners L.P. acquired a new stake in Stratasys during the 3rd quarter valued at approximately $83,000. Alps Advisors Inc. increased its holdings in Stratasys by 4.1% during the 3rd quarter. Alps Advisors Inc. now owns 94,116 shares of the technology company’s stock worth $782,000 after purchasing an additional 3,692 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Stratasys during the 3rd quarter worth approximately $941,000. Kopion Asset Management LLC raised its position in shares of Stratasys by 11.0% in the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company’s stock valued at $8,745,000 after purchasing an additional 104,371 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Stratasys by 860.9% in the 3rd 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. 75.77% of the stock is owned by hedge funds and other institutional investors.

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About Stratasys

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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.

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Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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