Stratasys (NASDAQ:SSYS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a report issued on Wednesday morning.

Other research analysts have also recently issued research reports about the stock. Lake Street Capital cut their target price on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Loop Capital cut their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald cut their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Needham & Company LLC raised their target price on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Stock Performance

SSYS stock opened at $9.55 on Wednesday. The company has a market capitalization of $681.68 million, a PE ratio of -7.23 and a beta of 1.21. Stratasys has a one year low of $6.05 and a one year high of $14.93. The company’s 50 day moving average price is $8.01 and its two-hundred day moving average price is $8.18.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. During the same period last year, the firm posted ($0.05) earnings per share. The business’s revenue was down 13.6% compared to the same quarter last year. On average, research analysts predict that Stratasys will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its stake in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after acquiring an additional 2,483 shares in the last quarter. Barclays PLC increased its stake in shares of Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after acquiring an additional 1,525 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Stratasys by 42.2% in the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after acquiring an additional 20,012 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Stratasys by 17.4% in the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock worth $858,000 after acquiring an additional 15,318 shares in the last quarter. Finally, State Street Corp grew its position in Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after purchasing an additional 1,500 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

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.