Stratasys (NASDAQ:SSYS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYS) in a research report report published on Friday morning. The firm issued a buy rating on the technology company’s stock.

Several other analysts also recently weighed in on the company. Needham & Company LLC decreased their target price on Stratasys from $16.00 to $12.00 and set a buy rating for the company in a research note on Thursday, May 30th. Cantor Fitzgerald reaffirmed an overweight rating and set a $23.00 target price on shares of Stratasys in a research report on Thursday, May 30th. Finally, Craig Hallum reduced their price target on shares of 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

Shares of NASDAQ SSYS opened at $7.20 on Friday. The business’s 50-day simple moving average is $8.56 and its 200-day simple moving average is $10.29. Stratasys has a 52 week low of $7.04 and a 52 week high of $15.75. The firm has a market cap of $501.52 million, a price-to-earnings ratio of -3.93 and a beta of 1.21.

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

Institutional Trading of Stratasys

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rubric Capital Management LP increased its holdings in Stratasys by 366.7% in the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock valued at $60,690,000 after buying an additional 3,339,367 shares during the period. Frontier Capital Management Co. LLC lifted its stake in Stratasys by 9.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock worth $24,192,000 after purchasing an additional 140,841 shares during the period. Douglas Lane & Associates LLC boosted its holdings in Stratasys by 0.3% during the first quarter. Douglas Lane & Associates LLC now owns 1,346,730 shares of the technology company’s stock valued at $15,649,000 after purchasing an additional 3,712 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Stratasys by 0.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,055,630 shares of the technology company’s stock valued at $12,266,000 after purchasing an additional 4,991 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Stratasys by 10.8% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after buying an additional 100,000 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors.

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.