Brokerages Set Stratasys Ltd. (NASDAQ:SSYS) Price Target at $12.20

Shares of Stratasys Ltd. (NASDAQ:SSYS) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.20.

SSYS has been the topic of several research analyst reports. Cantor Fitzgerald upped their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Needham & Company LLC increased their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Wall Street Zen upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a report on Thursday, May 15th.

Stratasys Stock Performance

NASDAQ:SSYS opened at $10.65 on Friday. The firm’s 50-day moving average is $9.98 and its 200-day moving average is $10.02. Stratasys has a 52-week low of $6.05 and a 52-week high of $12.88. The company has a market cap of $763.78 million, a price-to-earnings ratio of -8.07 and a beta of 1.52.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $136.05 million for the quarter, compared to analysts’ expectations of $134.11 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts predict that Stratasys will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Stratasys

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Stratasys during the fourth quarter worth $68,000. Teton Advisors Inc. bought a new position in Stratasys in the fourth quarter valued at $89,000. SBI Securities Co. Ltd. bought a new position in Stratasys in the fourth quarter valued at $90,000. Harbor Capital Advisors Inc. acquired a new stake in Stratasys in the first quarter valued at $105,000. Finally, OLD Mission Capital LLC acquired a new stake in Stratasys in the first quarter valued at $128,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.