Stratasys Ltd. (NASDAQ:SSYS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.40.

SSYS has been the subject of a number of research reports. Needham & Company LLC lifted their price target on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th.

Stratasys Price Performance

Shares of SSYS stock opened at $9.13 on Wednesday. Stratasys has a 1-year low of $6.05 and a 1-year high of $14.33. The stock’s fifty day moving average price is $9.28 and its 200 day moving average price is $8.30. The company has a market cap of $651.68 million, a price-to-earnings ratio of -6.92 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, equities research analysts anticipate that Stratasys will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On Stratasys

A number of large investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of Stratasys by 1.4% in the third 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 in the last quarter. Barclays PLC lifted its stake in Stratasys by 1.9% during the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after purchasing an additional 1,525 shares in the last quarter. Tidal Investments LLC lifted its stake in Stratasys by 4.6% during the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after purchasing an additional 2,483 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Stratasys by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after acquiring an additional 3,791 shares in the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after acquiring an additional 4,589 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other 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.