B. Riley Reaffirms “Neutral” Rating for Stratasys, Ltd. (SSYS)

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.

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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.

About Stratasys

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.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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