Zacks Research cut shares of Stratasys (NASDAQ:SSYS – Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.33.
View Our Latest Stock Analysis on Stratasys
Stratasys Stock Up 0.1%
Stratasys (NASDAQ:SSYS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%.The business had revenue of $137.61 million during the quarter. As a group, equities research analysts expect that Stratasys will post -0.19 earnings per share for the current year.
Institutional Trading of Stratasys
Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Stratasys during the 4th quarter worth $26,000. Parallel Advisors LLC grew its stake in Stratasys by 1,071.4% in the first quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock valued at $30,000 after acquiring an additional 3,482 shares during the period. Advisory Services Network LLC acquired a new position in Stratasys in the third quarter valued at about $34,000. Raymond James Financial Inc. bought a new stake in shares of Stratasys in the second quarter worth about $35,000. Finally, NFSG Corp bought a new stake in shares of Stratasys in the first quarter worth about $45,000. Institutional investors own 75.77% of the company’s stock.
Stratasys Company Profile
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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