Shares of Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.3333.
A number of equities analysts have recently issued reports on SSYS shares. Weiss Ratings upgraded shares of Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 21st. Zacks Research upgraded shares of Stratasys from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th.
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Stratasys Stock Down 0.1%
Stratasys (NASDAQ:SSYS – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $132.70 million during the quarter, compared to analysts’ expectations of $131.82 million. Stratasys had a negative return on equity of 1.73% and a negative net margin of 21.00%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. Equities analysts expect that Stratasys will post -0.16 EPS for the current fiscal year.
Institutional Investors Weigh In On Stratasys
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of Stratasys by 8.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock worth $176,000 after acquiring an additional 1,199 shares during the period. Van ECK Associates Corp increased its stake in shares of Stratasys by 8.9% during the fourth quarter. Van ECK Associates Corp now owns 19,475 shares of the technology company’s stock worth $169,000 after acquiring an additional 1,590 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Stratasys by 9.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 22,294 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,912 shares during the period. Invesco Ltd. raised its holdings in Stratasys by 2.8% during the fourth quarter. Invesco Ltd. now owns 88,856 shares of the technology company’s stock worth $771,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Stratasys by 4.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 59,875 shares of the technology company’s stock worth $520,000 after purchasing an additional 2,583 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.
About Stratasys
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
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