Stratasys Ltd. (NASDAQ:SSYS) Receives $11.40 Average PT from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.40.

Several analysts recently weighed in on SSYS shares. Craig Hallum lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Cantor Fitzgerald lowered their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Loop Capital reduced 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. Finally, Needham & Company LLC raised their target price on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Stratasys Trading Down 1.2 %

Shares of NASDAQ:SSYS opened at $9.45 on Friday. The company has a 50-day moving average price of $8.75 and a 200-day moving average price of $8.26. The company has a market cap of $674.52 million, a price-to-earnings ratio of -7.16 and a beta of 1.31. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating 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 analyst estimates of $139.49 million. During the same quarter in the prior year, the company posted ($0.05) EPS. Stratasys’s quarterly revenue was down 13.6% compared to the same quarter last year. As a group, research analysts forecast that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in Stratasys during the third quarter valued at $90,000. Stifel Financial Corp raised its position in shares of Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Stratasys in the 3rd quarter worth about $210,000. Values First Advisors Inc. grew its position in Stratasys by 51.3% during the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock valued at $278,000 after purchasing an additional 11,254 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Stratasys during the 3rd quarter valued at about $322,000. 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.