Stratasys (NASDAQ:SSYS) Upgraded at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a report released on Wednesday.

Other equities analysts have also recently issued research reports about the company. Craig Hallum increased their target price on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC lifted their target price on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Loop Capital reduced their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald lowered their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Lake Street Capital reduced their target price on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Trading Down 2.2 %

SSYS stock opened at $9.15 on Wednesday. Stratasys has a 1-year low of $6.05 and a 1-year high of $14.65. The business’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $8.26. The firm has a market cap of $653.11 million, a PE ratio of -6.93 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same period in the prior year, the business earned ($0.05) EPS. Stratasys’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, analysts forecast that Stratasys will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Stratasys in the third quarter valued at $90,000. Stifel Financial Corp lifted its stake in Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Stratasys during the third quarter worth about $210,000. Verition Fund Management LLC acquired a new position in Stratasys during the third quarter worth approximately $322,000. Finally, Tidal Investments LLC raised its stake in Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after buying an additional 2,483 shares during the period. 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.