Stratasys (NASDAQ:SSYS) Price Target Raised to $15.00 at Craig Hallum

Stratasys (NASDAQ:SSYS) had its price target boosted by Craig Hallum from $12.00 to $15.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

SSYS has been the subject of several other reports. Loop Capital reduced their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald reduced their price target on Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Lake Street Capital reduced their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 30th. StockNews.com initiated coverage on Stratasys in a research report on Monday, September 2nd. They set a “hold” rating for the company. Finally, Needham & Company LLC increased their price target on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stratasys currently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Trading Down 1.8 %

Shares of SSYS stock traded down $0.17 on Thursday, hitting $9.44. 240,540 shares of the stock were exchanged, compared to its average volume of 503,579. The firm has a market capitalization of $673.83 million, a P/E ratio of -7.17 and a beta of 1.21. The business has a 50-day moving average of $7.56 and a 200 day moving average of $8.21. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.93.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.71% and a negative net margin of 16.13%. The company had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $146.38 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. Stratasys’s revenue for the quarter was down 13.6% compared to the same quarter last year. As a group, research analysts forecast that Stratasys will post -0.44 EPS for the current fiscal year.

Institutional Trading of Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of SSYS. Invenomic Capital Management LP bought a new position in shares of Stratasys during the third quarter worth approximately $10,916,000. Clearline Capital LP bought a new position in shares of Stratasys during the second quarter worth approximately $9,301,000. Rubric Capital Management LP increased its stake in shares of Stratasys by 18.2% during the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the period. RPG Investment Advisory LLC increased its stake in shares of Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after purchasing an additional 150,891 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of Stratasys by 17.2% during the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock worth $6,859,000 after purchasing an additional 120,000 shares during the period. Institutional investors 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.