Exchange Traded Concepts LLC Purchases 9,522 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Exchange Traded Concepts LLC raised its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,399,898 shares of the technology company’s stock after purchasing an additional 9,522 shares during the quarter. Exchange Traded Concepts LLC owned 1.96% of Stratasys worth $12,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSYS. Quantbot Technologies LP bought a new position in Stratasys in the 3rd quarter worth $90,000. Stifel Financial Corp lifted its position in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after acquiring an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Stratasys in the third quarter worth about $210,000. Verition Fund Management LLC purchased a new stake in shares of Stratasys during the third quarter worth about $322,000. Finally, Tidal Investments LLC raised its stake in Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after purchasing an additional 2,483 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Stock Up 0.9 %

SSYS stock opened at $9.29 on Friday. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $14.01. The firm has a market capitalization of $663.19 million, a P/E ratio of -7.01 and a beta of 1.31. The company has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $8.33.

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

Analysts Set New Price Targets

SSYS has been the subject of several recent analyst reports. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. StockNews.com upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Finally, Needham & Company LLC boosted their price target on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

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.