Stratasys (NASDAQ:SSYS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a report published on Monday morning.

A number of other equities analysts have also recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price on shares of Stratasys in a report on Monday, February 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 target price on shares of Stratasys in a report on Monday, February 3rd. Finally, Craig Hallum increased their target price on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stratasys currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Down 0.7 %

Stratasys stock opened at $11.56 on Monday. The business has a 50 day moving average price of $9.80 and a two-hundred day moving average price of $8.51. The stock has a market cap of $825.15 million, a price-to-earnings ratio of -8.76 and a beta of 1.31. Stratasys has a 12 month low of $6.05 and a 12 month high of $13.98.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same period in the prior year, the firm posted ($0.05) EPS. Stratasys’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, analysts expect 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 bought and sold shares of SSYS. Invenomic Capital Management LP bought a new stake in Stratasys during the 3rd quarter worth approximately $10,916,000. RPG Investment Advisory LLC grew its position in Stratasys by 64.6% during the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock worth $9,658,000 after acquiring an additional 426,341 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Stratasys by 53.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after acquiring an additional 400,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Stratasys by 401.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company’s stock worth $3,023,000 after acquiring an additional 272,198 shares during the last quarter. Finally, 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. 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.