Stratasys (NASDAQ:SSYS) Price Target Raised to $15.00

Stratasys (NASDAQ:SSYS) had its target price increased by Craig Hallum from $12.00 to $15.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts also recently weighed in on SSYS. Lake Street Capital dropped their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Loop Capital cut their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald decreased their price target 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. StockNews.com assumed coverage on shares of Stratasys in a research note on Monday, September 2nd. They issued a “hold” rating on the stock. Finally, Needham & Company LLC boosted their target price on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Down 3.6 %

Shares of SSYS stock opened at $9.26 on Thursday. The firm has a 50 day moving average of $7.62 and a 200-day moving average of $8.19. The company has a market cap of $660.96 million, a price-to-earnings ratio of -7.02 and a beta of 1.21. Stratasys has a 52 week low of $6.05 and a 52 week high of $14.93.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was down 13.6% on a year-over-year basis. Analysts anticipate that Stratasys will post -0.44 earnings per share for the current year.

Institutional Trading of Stratasys

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Stratasys by 42.2% during the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock valued at $560,000 after purchasing an additional 20,012 shares in the last quarter. Barclays PLC lifted its position in shares of Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after buying an additional 1,525 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Stratasys by 17.4% in the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock worth $858,000 after buying an additional 15,318 shares during the last quarter. State Street Corp increased its position in shares of Stratasys by 1.4% during the third quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares during the period. Institutional investors own 75.77% of the company’s stock.

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.