Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report)’s share price dropped 8.8% during trading on Thursday . The company traded as low as $7.82 and last traded at $7.84. 1,506,154 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 914,439 shares. The stock had previously closed at $8.60.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on SSYS shares. Zacks Research raised shares of Stratasys from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.
View Our Latest Research Report on SSYS
Stratasys Price Performance
Stratasys (NASDAQ:SSYS – Get Free Report) last issued its earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $137.61 million for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. As a group, sell-side analysts expect that Stratasys, Ltd. will post -0.16 earnings per share 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 SSYS. TD Waterhouse Canada Inc. bought a new position in Stratasys in the 4th quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in shares of Stratasys in the fourth quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in shares of Stratasys during the third quarter valued at approximately $34,000. Raymond James Financial Inc. purchased a new position in shares of Stratasys during the second quarter valued at approximately $35,000. Finally, Parallel Advisors LLC grew its holdings in Stratasys by 1,071.4% during the first quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after buying an additional 3,482 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
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.
See Also
- Five stocks we like better than Stratasys
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
- Sociedad Química y Minera’s Lithium Boom Is Back, But Iodine Steals the Show
Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.
