Shares of Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.33.
Several equities analysts have recently weighed in on SSYS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th. Zacks Research cut shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th.
Hedge Funds Weigh In On Stratasys
Large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Stratasys in the first quarter valued at about $11,107,000. Rubric Capital Management LP boosted its holdings in Stratasys by 9.0% in the first quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock worth $62,480,000 after acquiring an additional 659,974 shares in the last quarter. State of Michigan Retirement System acquired a new stake in Stratasys in the 1st quarter valued at $3,905,000. Kopion Asset Management LLC increased its position in shares of Stratasys by 11.0% during the third quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company’s stock worth $8,745,000 after acquiring an additional 104,371 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Stratasys by 116.7% in the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock worth $1,099,000 after purchasing an additional 69,115 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.
Stratasys Stock Performance
SSYS traded down $0.18 on Friday, hitting $6.94. 767,438 shares of the company were exchanged, compared to its average volume of 739,604. Stratasys has a 12 month low of $6.82 and a 12 month high of $12.81. The stock’s fifty day moving average is $8.04 and its 200-day moving average is $8.40. The company has a market cap of $611.28 million, a PE ratio of -5.18 and a beta of 1.99.
Stratasys (NASDAQ:SSYS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. The firm had revenue of $137.61 million during the quarter. As a group, equities research analysts expect that Stratasys will post -0.19 EPS for the current fiscal year.
About Stratasys
Stratasys Ltd. (NASDAQ: SSYS) is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.
Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.
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