StockNews.com Initiates Coverage on Stratasys (NASDAQ:SSYS)

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

Several other research analysts have also recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Stratasys in a research note on Tuesday, February 13th. They set an overweight rating and a $24.00 price target on the stock. Needham & Company LLC restated a buy rating and set a $16.00 target price on shares of Stratasys in a research note on Tuesday, December 26th.

Stratasys Stock Performance

Shares of SSYS stock opened at $10.03 on Friday. Stratasys has a 12-month low of $9.43 and a 12-month high of $21.72. The firm’s 50 day moving average is $11.76 and its 200 day moving average is $12.09.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $156.34 million for the quarter, compared to analysts’ expectations of $153.96 million. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. On average, analysts predict that Stratasys will post -0.29 earnings per share for the current year.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently bought and sold shares of the stock. RIA Advisory Group LLC bought a new stake in Stratasys in the 4th quarter valued at $33,000. CWM LLC increased its holdings in Stratasys by 2,633.3% in the 3rd quarter. CWM LLC now owns 3,280 shares of the technology company’s stock valued at $45,000 after acquiring an additional 3,160 shares during the last quarter. FMR LLC increased its holdings in Stratasys by 12,707.1% in the 3rd quarter. FMR LLC now owns 3,586 shares of the technology company’s stock valued at $49,000 after acquiring an additional 3,558 shares during the last quarter. Captrust Financial Advisors increased its holdings in Stratasys by 315.6% in the 2nd quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock valued at $58,000 after acquiring an additional 2,332 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Stratasys by 560.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company’s stock valued at $61,000 after acquiring an additional 3,794 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

About Stratasys

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.