StockNews.com Begins Coverage on Stratasys (NASDAQ:SSYS)

StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYS) in a research note released on Monday morning. The brokerage issued a buy rating on the technology company’s stock.

SSYS has been the subject of several other research reports. Needham & Company LLC cut their price objective on Stratasys from $16.00 to $12.00 and set a buy rating for the company in a research report on Thursday, May 30th. Cantor Fitzgerald reaffirmed an overweight rating and issued a $23.00 price target on shares of Stratasys in a report on Thursday, May 30th. Finally, Craig Hallum cut their price target on Stratasys from $16.00 to $14.00 and set a buy rating for the company in a report on Monday, July 1st.

Stratasys Stock Performance

NASDAQ SSYS opened at $8.80 on Monday. Stratasys has a twelve month low of $8.02 and a twelve month high of $21.72. The stock has a market capitalization of $613.01 million, a PE ratio of -4.81 and a beta of 1.21. The stock has a 50-day simple moving average of $8.93 and a 200 day simple moving average of $11.11.

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

Hedge Funds Weigh In On Stratasys

Large investors have recently added to or reduced their stakes in the company. RIA Advisory Group LLC acquired a new position in Stratasys in the 4th quarter valued at approximately $33,000. Crewe Advisors LLC bought a new stake in shares of Stratasys in the 1st quarter valued at approximately $61,000. Larson Financial Group LLC grew its stake in shares of Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock valued at $111,000 after purchasing an additional 9,218 shares during the period. Values First Advisors Inc. grew its stake in shares of Stratasys by 4.4% in the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock valued at $281,000 after purchasing an additional 828 shares during the period. Finally, Formidable Asset Management LLC grew its stake in shares of Stratasys by 21.1% in the 4th 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 during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.