Stratasys (NASDAQ:SSYS) Price Target Cut to $14.00

Stratasys (NASDAQ:SSYS) had its target price lowered by equities research analysts at Craig Hallum from $16.00 to $14.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Craig Hallum’s price target indicates a potential upside of 68.07% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC cut their price target on Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. StockNews.com started coverage on Stratasys in a research report on Sunday. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 price objective on shares of Stratasys in a research note on Thursday, May 30th.

Stratasys Stock Performance

Shares of SSYS opened at $8.33 on Monday. The stock has a 50-day simple moving average of $9.09 and a 200-day simple moving average of $11.30. The stock has a market capitalization of $580.27 million, a PE ratio of -4.55 and a beta of 1.21. Stratasys has a 1 year low of $8.02 and a 1 year high of $21.72.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15). The firm had revenue of $144.05 million during the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. Analysts predict that Stratasys will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Stratasys

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Values First Advisors Inc. grew its holdings in shares of Stratasys by 4.4% during the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock valued at $281,000 after buying an additional 828 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Stratasys by 4.0% during the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock valued at $565,000 after buying an additional 1,850 shares in the last quarter. RIA Advisory Group LLC purchased a new position in shares of Stratasys during the fourth quarter valued at $33,000. Essex Investment Management Co. LLC grew its holdings in shares of Stratasys by 1.9% during the first quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company’s stock valued at $1,572,000 after buying an additional 2,528 shares in the last quarter. Finally, Formidable Asset Management LLC grew its stake in Stratasys by 21.1% in the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock valued at $303,000 after purchasing an additional 3,705 shares in the last quarter. 75.77% of the stock is 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.