Stratasys Ltd (NASDAQ:SSYS) has been given an average rating of “Hold” by the ten research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.67.
Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Stratasys from $24.00 to $20.00 in a research report on Tuesday, March 24th. JPMorgan Chase & Co. upgraded Stratasys from a “neutral” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Tuesday, June 2nd. Zacks Investment Research upgraded Stratasys from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Monday, March 23rd. TheStreet downgraded Stratasys from a “c-” rating to a “d+” rating in a research report on Thursday, May 14th. Finally, BidaskClub downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th.
Stratasys stock traded up $0.50 during trading hours on Tuesday, hitting $15.72. The stock had a trading volume of 738,500 shares, compared to its average volume of 889,803. The stock has a market capitalization of $859.61 million, a price-to-earnings ratio of -28.07 and a beta of 1.56. Stratasys has a 1-year low of $12.18 and a 1-year high of $30.60. The stock’s fifty day moving average is $17.33 and its two-hundred day moving average is $17.92.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, May 14th. The technology company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.14). The firm had revenue of $132.91 million during the quarter, compared to analyst estimates of $137.38 million. Stratasys had a negative net margin of 4.93% and a negative return on equity of 0.51%. On average, research analysts expect that Stratasys will post -0.82 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise purchased a new position in Stratasys during the fourth quarter worth about $27,000. NWK Group Inc. acquired a new stake in Stratasys during the fourth quarter worth about $30,000. Nisa Investment Advisors LLC increased its stake in Stratasys by 347.5% during the first quarter. Nisa Investment Advisors LLC now owns 3,580 shares of the technology company’s stock worth $57,000 after acquiring an additional 2,780 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Stratasys by 110.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the technology company’s stock worth $92,000 after acquiring an additional 3,040 shares during the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in Stratasys during the first quarter worth about $146,000. Hedge funds and other institutional investors own 78.18% of the company’s stock.
Stratasys Company Profile
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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