Stratasys Ltd. (NASDAQ:SSYS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Stratasys Ltd. (NASDAQ:SSYS) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.80.

A number of analysts have recently commented on the stock. Cantor Fitzgerald cut their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Loop Capital reduced their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Needham & Company LLC decreased their target price on Stratasys from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Craig Hallum dropped their price target on Stratasys from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Finally, StockNews.com began coverage on Stratasys in a report on Monday, September 2nd. They issued a “hold” rating on the stock.

Stratasys Trading Down 4.0 %

Shares of SSYS stock opened at $7.04 on Friday. Stratasys has a 12-month low of $6.05 and a 12-month high of $14.93. The business’s 50 day moving average is $7.40 and its two-hundred day moving average is $8.44. The company has a market capitalization of $490.38 million, a P/E ratio of -3.85 and a beta of 1.19.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $138.00 million for the quarter, compared to analyst estimates of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The business’s revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. On average, research analysts predict that Stratasys will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearline Capital LP purchased a new stake in Stratasys in the 2nd quarter valued at $9,301,000. Gabelli Funds LLC boosted its position in shares of Stratasys by 9.0% during the 2nd quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company’s stock valued at $1,620,000 after acquiring an additional 16,000 shares during the last quarter. Rubric Capital Management LP grew its holdings in shares of Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after purchasing an additional 918,703 shares during the period. RPG Investment Advisory LLC increased its position in Stratasys by 6.1% during the second quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company’s stock worth $4,271,000 after purchasing an additional 29,177 shares during the last quarter. Finally, Trium Capital LLP raised its stake in Stratasys by 5.6% during the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 8,052 shares during the period. 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.