Stratasys (NASDAQ:SSYS) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a research note published on Friday. The firm issued a buy rating on the technology company’s stock.

A number of other research firms have also commented on SSYS. Cantor Fitzgerald began coverage on shares of Stratasys in a research report on Tuesday, February 13th. They set an overweight rating and a $24.00 price target for the company. Needham & Company LLC restated a buy rating and set a $16.00 price target on shares of Stratasys in a research report on Tuesday, December 26th.

Stratasys Stock Performance

SSYS opened at $10.03 on Friday. The company has a fifty day moving average price of $11.76 and a 200-day moving average price of $12.09. Stratasys has a one year low of $9.43 and a one year high of $21.72.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $156.34 million during the quarter, compared to analyst estimates of $153.96 million. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. On average, equities research analysts anticipate that Stratasys will post -0.29 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of hedge funds have recently made changes to their positions in SSYS. RIA Advisory Group LLC bought a new stake in shares of Stratasys during the 4th quarter worth $33,000. CWM LLC lifted its holdings in shares of Stratasys by 2,633.3% during the 3rd quarter. CWM LLC now owns 3,280 shares of the technology company’s stock worth $45,000 after acquiring an additional 3,160 shares during the last quarter. FMR LLC lifted its holdings in shares of Stratasys by 12,707.1% during the 3rd quarter. FMR LLC now owns 3,586 shares of the technology company’s stock worth $49,000 after acquiring an additional 3,558 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Stratasys by 315.6% during the 2nd quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock worth $58,000 after acquiring an additional 2,332 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Stratasys by 560.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company’s stock worth $61,000 after acquiring an additional 3,794 shares during the last quarter. 75.77% of the stock is 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.