Stratasys (NASDAQ:SSYS) Shares Gap Down – What’s Next?

Stratasys Ltd. (NASDAQ:SSYS)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.61, but opened at $9.89. Stratasys shares last traded at $10.32, with a volume of 304,396 shares traded.

Wall Street Analysts Forecast Growth

SSYS has been the topic of a number of research analyst reports. Cantor Fitzgerald raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of Stratasys in a research report on Monday, February 3rd. Craig Hallum lifted their target price 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. Finally, StockNews.com downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Stratasys Stock Performance

The stock has a market cap of $737.69 million, a price-to-earnings ratio of -7.80 and a beta of 1.31. The firm’s 50-day simple moving average is $10.21 and its two-hundred day simple moving average is $8.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Stratasys during the fourth quarter worth approximately $68,000. Teton Advisors Inc. bought a new stake in shares of Stratasys during the 4th quarter valued at $89,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys in the 4th quarter valued at $90,000. Quantbot Technologies LP acquired a new stake in shares of Stratasys during the third quarter worth $90,000. Finally, Hsbc Holdings PLC increased its holdings in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

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.