Stratasys (NASDAQ:SSYS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

SSYS has been the topic of several other reports. Lake Street Capital decreased their price target on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Cantor Fitzgerald lowered their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Craig Hallum lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC raised their price objective on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Loop Capital reduced their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Down 2.2 %

Stratasys stock opened at $9.15 on Wednesday. The company’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $8.26. The stock has a market cap of $653.11 million, a P/E ratio of -6.93 and a beta of 1.31. Stratasys has a twelve month low of $6.05 and a twelve month high of $14.65.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share. Equities analysts anticipate that Stratasys will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of large investors have recently modified their holdings of the business. Rubric Capital Management LP boosted its stake in Stratasys by 3.7% in the third quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock valued at $51,447,000 after buying an additional 222,297 shares in the last quarter. Clearline Capital LP grew its position in Stratasys by 23.3% during the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock worth $11,362,000 after acquiring an additional 258,603 shares during the last quarter. Invenomic Capital Management LP bought a new position in Stratasys in the third quarter valued at about $10,916,000. Pinnacle Associates Ltd. boosted its stake in shares of Stratasys by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after purchasing an additional 3,791 shares in the last quarter. Finally, RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after purchasing an additional 150,891 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

About Stratasys

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.