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

Investment analysts at StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYS) in a report issued on Saturday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Cantor Fitzgerald started coverage on Stratasys in a report on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 price objective on the stock.

Stratasys Stock Performance

NASDAQ:SSYS opened at $10.02 on Friday. The company has a fifty day moving average of $11.43 and a two-hundred day moving average of $12.01. Stratasys has a fifty-two week low of $9.43 and a fifty-two week high of $21.72. The stock has a market capitalization of $697.99 million, a PE ratio of -5.60 and a beta of 1.29.

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

Institutional Investors Weigh In On Stratasys

Several hedge funds and other institutional investors have recently made changes to their positions in SSYS. Pinnacle Associates Ltd. boosted its position in shares of Stratasys by 0.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,055,630 shares of the technology company’s stock valued at $12,266,000 after acquiring an additional 4,991 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in Stratasys by 0.3% during the first quarter. Douglas Lane & Associates LLC now owns 1,346,730 shares of the technology company’s stock worth $15,649,000 after purchasing an additional 3,712 shares during the period. Granahan Investment Management LLC boosted its holdings in Stratasys by 7.4% in the 4th quarter. Granahan Investment Management LLC now owns 1,015,899 shares of the technology company’s stock valued at $14,507,000 after purchasing an additional 69,927 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Stratasys by 9.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock valued at $24,192,000 after purchasing an additional 140,841 shares during the last quarter. Finally, Rubric Capital Management LP grew its stake in shares of Stratasys by 366.7% in the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock valued at $60,690,000 after buying an additional 3,339,367 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.