B. Riley reaffirmed their neutral rating on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a report issued on Thursday, November 2nd. They currently have a $30.00 target price on the technology company’s stock, down from their prior target price of $33.00.
A number of other research analysts also recently commented on SSYS. FBR & Co reiterated a buy rating on shares of Stratasys in a report on Wednesday, July 19th. BidaskClub downgraded Stratasys from a strong-buy rating to a buy rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Stratasys from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Wednesday, July 12th. Citigroup Inc. upgraded Stratasys from a neutral rating to a buy rating and dropped their price target for the stock from $32.00 to $29.00 in a research note on Thursday, August 10th. Finally, Cowen and Company set a $27.00 price target on Stratasys and gave the stock a hold rating in a research note on Monday, August 7th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Stratasys has an average rating of Hold and an average target price of $24.74.
Stratasys (NASDAQ SSYS) traded up $0.81 on Thursday, reaching $22.12. The company had a trading volume of 724,449 shares, compared to its average volume of 791,553. Stratasys has a 1 year low of $16.37 and a 1 year high of $30.88. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1,120.00, a price-to-earnings ratio of 149.86, a price-to-earnings-growth ratio of 6.36 and a beta of 1.40.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The company had revenue of $155.90 million for the quarter, compared to the consensus estimate of $160.97 million. The company’s revenue for the quarter was down .8% on a year-over-year basis. research analysts anticipate that Stratasys will post 0.17 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its position in Stratasys by 11.7% during the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after buying an additional 458 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Stratasys during the second quarter worth $184,000. Advisor Group Inc. increased its position in Stratasys by 6.8% during the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after buying an additional 528 shares in the last quarter. SG Americas Securities LLC increased its position in Stratasys by 24.8% during the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Stratasys during the second quarter worth $200,000. 70.13% of the stock is owned by hedge funds and other institutional investors.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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