Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYSGet Free Report) was the target of a large decrease in short interest in the month of February. As of February 29th, there was short interest totalling 1,110,000 shares, a decrease of 35.8% from the February 14th total of 1,730,000 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 512,200 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SSYS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Stratasys in a research note on Tuesday, December 26th. Cantor Fitzgerald started coverage on Stratasys in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, StockNews.com started coverage on Stratasys in a research note on Sunday. They issued a “buy” rating on the stock.

View Our Latest Stock Analysis on SSYS

Institutional Investors Weigh In On Stratasys

Hedge funds have recently made changes to their positions in the business. RIA Advisory Group LLC acquired a new position in Stratasys in the fourth quarter valued at $33,000. CWM LLC boosted its holdings in Stratasys by 2,633.3% in the third quarter. CWM LLC now owns 3,280 shares of the technology company’s stock valued at $45,000 after acquiring an additional 3,160 shares during the last quarter. FMR LLC boosted its holdings in Stratasys by 12,707.1% in the third quarter. FMR LLC now owns 3,586 shares of the technology company’s stock valued at $49,000 after acquiring an additional 3,558 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Stratasys by 315.6% in the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock valued at $58,000 after acquiring an additional 2,332 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Stratasys by 560.4% in the third quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company’s stock valued at $61,000 after acquiring an additional 3,794 shares during the last quarter. Institutional investors and hedge funds own 72.65% of the company’s stock.

Stratasys Stock Performance

SSYS stock opened at $12.51 on Wednesday. Stratasys has a 52-week low of $9.95 and a 52-week high of $21.72. The stock’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $12.51.

Stratasys (NASDAQ:SSYSGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. The business had revenue of $156.34 million for the quarter, compared to analysts’ expectations of $153.96 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. Equities research analysts predict that Stratasys will post -0.08 EPS for the current fiscal year.

Stratasys Company Profile

(Get Free Report)

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 SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.

Further Reading

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