Analysts Set Stratasys Ltd. (NASDAQ:SSYS) PT at $10.80

Shares of Stratasys Ltd. (NASDAQ:SSYS) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.80.

Several research firms have weighed in on SSYS. Loop Capital dropped their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. StockNews.com began coverage on shares of Stratasys in a report on Monday, September 2nd. They issued a “hold” rating on the stock. Cantor Fitzgerald decreased their price objective 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. Lake Street Capital cut their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Needham & Company LLC reduced their target price on shares of Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 30th.

Stratasys Stock Up 0.1 %

Shares of Stratasys stock opened at $7.15 on Friday. The company has a 50 day moving average price of $7.34 and a 200 day moving average price of $8.32. The firm has a market capitalization of $510.35 million, a P/E ratio of -4.39 and a beta of 1.19. 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 data on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. The business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $146.38 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. As a group, research analysts anticipate that Stratasys will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently made changes to their positions in SSYS. Gamco Investors INC. ET AL boosted its holdings in Stratasys by 4.0% during the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock worth $565,000 after buying an additional 1,850 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Stratasys by 1.9% during the 1st quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company’s stock worth $1,572,000 after acquiring an additional 2,528 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Stratasys by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after acquiring an additional 3,791 shares in the last quarter. ARK Investment Management LLC grew its position in shares of Stratasys by 0.7% during the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after acquiring an additional 4,589 shares during the period. Finally, Crewe Advisors LLC acquired a new position in Stratasys in the 1st quarter worth about $61,000. Institutional investors and hedge funds 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.